Sheaff Brock Investment Advisors LLC Has $4.26 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Sheaff Brock Investment Advisors LLC boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,001 shares of the financial services provider’s stock after buying an additional 37 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $4,258,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AJG. Allworth Financial LP increased its stake in shares of Arthur J. Gallagher & Co. by 25.9% in the fourth quarter. Allworth Financial LP now owns 3,710 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 763 shares during the period. Principal Securities Inc. grew its holdings in Arthur J. Gallagher & Co. by 29.5% in the 4th quarter. Principal Securities Inc. now owns 11,317 shares of the financial services provider’s stock valued at $3,212,000 after buying an additional 2,576 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its position in Arthur J. Gallagher & Co. by 2.3% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,911 shares of the financial services provider’s stock worth $542,000 after buying an additional 43 shares during the period. BXM Wealth LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $311,000. Finally, Blue Trust Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 86.0% in the fourth quarter. Blue Trust Inc. now owns 3,803 shares of the financial services provider’s stock valued at $1,079,000 after acquiring an additional 1,758 shares during the period. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AJG. 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 for the company. in a research note on Monday, November 25th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Two investment 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 MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus target price of $307.00.

Insiders Place Their Bets

In related news, CAO Richard C. Cary sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $322.99, for a total value of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at $22,536,304.26. The trade was a 12.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the completion of the transaction, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. The trade was a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,725 shares of company stock valued at $4,972,964. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Down 2.1 %

AJG opened at $321.59 on Friday. The firm has a market cap of $80.33 billion, a price-to-earnings ratio of 49.32 and a beta of 0.77. 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 firm’s 50-day simple moving average is $293.94 and its 200-day simple moving average is $291.91. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $329.60.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued 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 research analysts anticipate that Arthur J. Gallagher & Co. will post 11.4 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm 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 $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 is Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.81%. Arthur J. Gallagher & Co.’s payout ratio is presently 36.81%.

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.