Duncker Streett & Co. Inc. Has $5.84 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Duncker Streett & Co. Inc. boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,563 shares of the financial services provider’s stock after buying an additional 513 shares during the period. Arthur J. Gallagher & Co. makes up approximately 1.1% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 24th largest position. Duncker Streett & Co. Inc.’s holdings in Arthur J. Gallagher & Co. were worth $5,837,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $25,000. Pin Oak Investment Advisors Inc. grew its stake in Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after buying an additional 87 shares in the last quarter. Rakuten Securities Inc. grew its stake in Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after buying an additional 87 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $35,000. Finally, Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $36,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target on the stock. in a research note on Monday, November 25th. Wells Fargo & Company reduced their price target on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price target for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a research note on Friday, January 31st. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $307.00.

Insiders Place Their Bets

In other news, Director David S. Johnson sold 325 shares of the firm’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 transaction of $104,669.50. Following the completion of the sale, the director now owns 44,783 shares of the company’s stock, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the sale, the director now directly owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,725 shares of company stock worth $4,972,964. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Stock Up 1.3 %

Arthur J. Gallagher & Co. stock opened at $337.61 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $338.43. The firm has a 50 day moving average price of $302.93 and a two-hundred day moving average price of $295.15. The firm has a market cap of $85.99 billion, a price-to-earnings ratio of 51.78 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.65 per share. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.77%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

About Arthur J. Gallagher & Co.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.