Cigna Investments Inc. New Raises Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Cigna Investments Inc. New increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,527 shares of the financial services provider’s stock after buying an additional 290 shares during the quarter. Cigna Investments Inc. New’s holdings in Arthur J. Gallagher & Co. were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Catalina Capital Group LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after buying an additional 35 shares during the last quarter. W Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 2.4% during the third quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock valued at $426,000 after buying an additional 36 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Arthur J. Gallagher & Co. by 1.1% during the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock valued at $940,000 after buying an additional 36 shares during the last quarter. Covenant Partners LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.7% during the third quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock valued at $1,499,000 after buying an additional 38 shares during the last quarter. Finally, Disciplined Investments LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.7% during the third quarter. Disciplined Investments LLC now owns 5,849 shares of the financial services provider’s stock valued at $1,635,000 after buying an additional 38 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction on 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 sale, the director now owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. The trade was a 13.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The shares were 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 directly owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. The trade was a 16.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.6 %

NYSE AJG opened at $324.25 on Tuesday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $324.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. The stock has a market cap of $81.00 billion, a price-to-earnings ratio of 49.73 and a beta of 0.77. The firm’s 50 day moving average price is $292.02 and its two-hundred day moving average price is $290.49.

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, 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 analysts anticipate that Arthur J. Gallagher & Co. will post 11.4 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 yield of 0.80%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. Arthur J. Gallagher & Co.’s payout ratio is presently 36.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AJG shares. Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a report on Friday, January 31st. Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets boosted their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays boosted 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. Finally, Truist Financial boosted 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average target price of $307.00.

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.