Blair William & Co. IL Boosts Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Blair William & Co. IL grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,499 shares of the financial services provider’s stock after purchasing an additional 3,465 shares during the period. Blair William & Co. IL’s holdings in Arthur J. Gallagher & Co. were worth $26,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AssuredPartners Investment Advisors LLC bought a new position in Arthur J. Gallagher & Co. in the 4th quarter worth about $344,000. NEOS Investment Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 29.2% in the fourth quarter. NEOS Investment Management LLC now owns 10,988 shares of the financial services provider’s stock worth $3,119,000 after purchasing an additional 2,485 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in Arthur J. Gallagher & Co. by 35.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 16,898 shares of the financial services provider’s stock valued at $4,796,000 after purchasing an additional 4,410 shares during the last quarter. WINTON GROUP Ltd grew its stake in Arthur J. Gallagher & Co. by 28.6% in the 4th quarter. WINTON GROUP Ltd now owns 15,629 shares of the financial services provider’s stock worth $4,436,000 after buying an additional 3,479 shares in the last quarter. Finally, Foundation Wealth Management LLC PA bought a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth $721,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

AJG has been the subject of several research reports. Royal Bank of Canada upped their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Finally, Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday. They issued a “neutral” rating and a $352.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $313.20.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the transaction, the vice president now owns 14,674 shares in the company, valued at approximately $4,440,499.14. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total value of $3,229,900.00. Following the transaction, the chief accounting officer now owns 69,774 shares of the company’s stock, valued at $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,235 shares of company stock valued at $7,478,224. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $341.78 on Friday. The business has a 50 day moving average of $320.82 and a 200 day moving average of $300.66. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $345.43. The company has a market cap of $87.40 billion, a PE ratio of 52.42 and a beta of 0.75. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.65 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio is 39.88%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.