Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,665 shares of the financial services provider’s stock after buying an additional 49 shares during the quarter. Whittier Trust Co.’s holdings in Arthur J. Gallagher & Co. were worth $3,311,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Catalina Capital Group LLC lifted 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 purchasing an additional 35 shares during the last quarter. Greenleaf Trust lifted 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 purchasing an additional 36 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Arthur J. Gallagher & Co. by 3.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 36 shares in the last quarter. Brendel Financial Advisors LLC lifted its stake in Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock worth $2,054,000 after acquiring an additional 38 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in Arthur J. Gallagher & Co. by 4.4% in the 3rd quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 39 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AJG shares. Royal Bank of Canada increased their price objective 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. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial increased their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a research note on Monday, November 25th. Finally, TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $295.00 to $377.00 in a research report 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 stock. According to MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus target price of $310.43.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG opened at $332.02 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $84.57 billion, a price-to-earnings ratio of 50.92 and a beta of 0.75. The business’s 50-day simple moving average is $316.96 and its 200-day simple moving average is $299.46. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts expect 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 issued a dividend of $0.65 per share. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.78%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 39.88%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares of the company’s stock, valued at $30,029,771.80. This trade represents a 7.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David S. Johnson sold 325 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the sale, the director now directly owns 44,783 shares in the company, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,235 shares of company stock valued at $7,478,224 in the last 90 days. 1.60% of the stock is currently owned by insiders.

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