Gilbert & Cook Inc. Acquires 614 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Gilbert & Cook Inc. grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,970 shares of the financial services provider’s stock after acquiring an additional 614 shares during the period. Gilbert & Cook Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,695,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in Arthur J. Gallagher & Co. by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,421 shares of the financial services provider’s stock worth $2,183,000 after buying an additional 586 shares during the last quarter. Quarry LP bought a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at approximately $29,000. Regal Investment Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. by 11.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,405 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 143 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Arthur J. Gallagher & Co. by 21.3% during the second quarter. EP Wealth Advisors LLC now owns 1,122 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 197 shares during the period. Finally, Advisory Alpha LLC acquired a new position in Arthur J. Gallagher & Co. during the second quarter valued at approximately $223,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AJG. Jefferies Financial Group upped their price objective on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Piper Sandler raised 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 report on Wednesday, January 8th. Bank of America increased their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Barclays upped their price target 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. Finally, Keefe, Bruyette & Woods upgraded shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and lowered their price objective for the stock from $292.00 to $286.00 in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and a consensus price target of $304.07.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $297.26 on Thursday. Arthur J. Gallagher & Co. has a twelve month low of $227.43 and a twelve month high of $316.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The stock has a market cap of $74.25 billion, a P/E ratio of 56.50 and a beta of 0.76. The company’s 50-day simple moving average is $291.81 and its 200 day simple moving average is $288.34.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.87%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.71%.

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.