AssuredPartners Investment Advisors LLC Invests $344,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

AssuredPartners Investment Advisors LLC acquired a new position in Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,213 shares of the financial services provider’s stock, valued at approximately $344,000.

Several other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 21.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock worth $18,893,000 after acquiring an additional 11,752 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 231.2% during the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after purchasing an additional 618,362 shares in the last quarter. Running Oak Capital LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 8.9% during the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock valued at $13,830,000 after buying an additional 3,983 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Arthur J. Gallagher & Co. by 1.2% in the 3rd quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock valued at $51,732,000 after buying an additional 2,092 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Arthur J. Gallagher & Co. by 16.7% in the fourth quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider’s stock worth $6,381,000 after buying an additional 3,217 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AJG has been the topic of several analyst reports. Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday. They set a “neutral” rating and a $352.00 price target on the stock. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their target price for the stock 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 boosted their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Royal Bank of Canada increased their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Truist Financial boosted their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $313.20.

Insider Activity

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction dated 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 directly owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This represents a 12.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David S. Johnson sold 325 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the transaction, the director now directly owns 44,783 shares in the company, valued at $14,422,812.98. The trade was a 0.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,235 shares of company stock valued at $7,478,224 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $340.59 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The business has a 50-day moving average of $321.73 and a 200-day moving average of $300.95. The stock has a market capitalization of $87.10 billion, a price-to-earnings ratio of 52.24 and a beta of 0.75. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $345.43.

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

Arthur J. Gallagher & Co. Increases Dividend

The business 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. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, March 7th. Arthur J. Gallagher & Co.’s payout ratio is currently 39.88%.

Arthur J. Gallagher & Co. 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.