848 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Purchased by Bellecapital International Ltd.

Bellecapital International Ltd. acquired a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 848 shares of the financial services provider’s stock, valued at approximately $241,000.

Other large investors have also modified their holdings of the company. Valley National Advisers Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $25,000. Pin Oak Investment Advisors Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares during the period. Rakuten Securities Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 87 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $35,000. Finally, Financial Life Planners acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $337.61 on Monday. The firm’s 50 day moving average is $302.93 and its 200-day moving average is $295.22. The stock has a market capitalization of $85.99 billion, a P/E ratio of 51.78 and a beta of 0.77. 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 12-month low of $230.08 and a 12-month high of $338.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 30th. The financial services provider reported $2.13 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 research analysts anticipate 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 issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.77%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

Wall Street Analyst Weigh In

AJG has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. 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. Truist Financial raised their target price on shares of 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. Barclays raised their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $307.00.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the transaction, the director now directly owns 16,533 shares in the company, valued at $5,031,487.89. This trade represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Christopher E. Mead sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,725 shares of company stock worth $4,972,964 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

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