1,037 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Bought by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. purchased a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,037 shares of the financial services provider’s stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Arthur J. Gallagher & Co. by 21.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock worth $18,893,000 after buying an additional 11,752 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 231.2% during the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after acquiring 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% in the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock worth $13,830,000 after acquiring an additional 3,983 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 1.2% during 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 purchasing an additional 2,092 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Arthur J. Gallagher & Co. by 16.7% in the 4th quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider’s stock worth $6,381,000 after purchasing an additional 3,217 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Truist Financial raised their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research report on Tuesday. They set a “neutral” rating and a $352.00 price target on the stock. Wells Fargo & Company boosted their price objective on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Royal Bank of Canada raised 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 report on Friday, January 31st. Finally, Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price target for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $313.20.

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

In related news, CAO Richard C. Cary sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the company’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 sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their position. 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. Trading Down 0.1 %

NYSE:AJG opened at $340.59 on Friday. The company has a 50-day moving average price of $321.73 and a 200-day moving average price of $300.95. The stock has a market cap of $87.10 billion, a price-to-earnings ratio of 52.24 and a beta of 0.75. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share 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%. 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 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 of this dividend 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. 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.