C WorldWide Group Holding A S Has $1.86 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

C WorldWide Group Holding A S raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,549 shares of the financial services provider’s stock after buying an additional 812 shares during the quarter. C WorldWide Group Holding A S’s holdings in Arthur J. Gallagher & Co. were worth $1,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AJG. Allspring Global Investments Holdings LLC grew its holdings in Arthur J. Gallagher & Co. by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,216 shares of the financial services provider’s stock valued at $2,874,000 after buying an additional 48 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Arthur J. Gallagher & Co. by 29,927.4% in the 3rd quarter. International Assets Investment Management LLC now owns 232,412 shares of the financial services provider’s stock valued at $65,394,000 after buying an additional 231,638 shares in the last quarter. Brighton Jones LLC grew its holdings in Arthur J. Gallagher & Co. by 16.6% in the 3rd quarter. Brighton Jones LLC now owns 946 shares of the financial services provider’s stock valued at $266,000 after buying an additional 135 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Arthur J. Gallagher & Co. by 47.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,547 shares of the financial services provider’s stock valued at $1,842,000 after buying an additional 2,110 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in Arthur J. Gallagher & Co. by 7.2% in the 3rd quarter. Ballentine Partners LLC now owns 1,165 shares of the financial services provider’s stock valued at $328,000 after buying an additional 78 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

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

In other news, VP Christopher E. Mead sold 2,900 shares of the firm’s stock in a transaction dated 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 directly owns 14,674 shares in the company, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was 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. This trade represents a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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. Price Performance

Shares of AJG stock opened at $325.28 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $329.60. The company has a market cap of $82.85 billion, a P/E ratio of 49.89 and a beta of 0.77. The business has a fifty day simple moving average of $297.95 and a 200 day simple moving average of $293.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate 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%. On average, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 7th. 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 yield of 0.80%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 39.88%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays increased their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a report on Monday, November 25th. Truist Financial increased 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. Piper Sandler raised 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 report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $307.00.

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