Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Tucker Asset Management LLC

Tucker Asset Management LLC lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,419 shares of the financial services provider’s stock after purchasing an additional 41 shares during the quarter. Tucker Asset Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $403,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Valley National Advisers Inc. bought a new position in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $25,000. MRP Capital Investments LLC bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $28,000. New Age Alpha Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 49 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at $35,000. Finally, Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $36,000. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of Arthur J. Gallagher & Co. stock in a transaction dated 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 transaction, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Also, VP Scott R. Hudson sold 7,510 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the sale, the vice president now directly owns 90,020 shares of the company’s stock, valued at $30,029,771.80. This represents a 7.70 % 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 worth $7,478,224. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $340.59 on Friday. The firm has a market cap of $87.10 billion, a P/E ratio of 52.24 and a beta of 0.75. The stock’s 50-day moving average is $321.73 and its two-hundred day moving average is $300.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. 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 posted its earnings results 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%. 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. Stockholders of record on Friday, March 7th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 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.