25,000 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Acquired by Seven Grand Managers LLC

Seven Grand Managers LLC acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 25,000 shares of the financial services provider's stock, valued at approximately $7,096,000. Arthur J. Gallagher & Co. makes up about 3.2% of Seven Grand Managers LLC's portfolio, making the stock its 15th largest holding.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Arthur J. Gallagher & Co. by 14.9% during the fourth quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock worth $8,422,435,000 after purchasing an additional 3,851,661 shares during the period. Capital International Investors lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.1% during the 4th quarter. Capital International Investors now owns 10,067,647 shares of the financial services provider's stock worth $2,857,737,000 after acquiring an additional 305,876 shares during the period. Capital World Investors boosted its position in shares of Arthur J. Gallagher & Co. by 30.4% during the 4th quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider's stock worth $2,327,403,000 after acquiring an additional 1,910,471 shares in the last quarter. Geode Capital Management LLC increased its stake in Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Geode Capital Management LLC now owns 6,277,993 shares of the financial services provider's stock valued at $1,779,248,000 after acquiring an additional 787,265 shares during the last quarter. Finally, Norges Bank acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $1,421,591,000. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AJG shares. Wells Fargo & Company lifted their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a research note on Thursday, April 10th. Jefferies Financial Group decreased their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price for the company. Truist Financial upped their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a "market perform" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $318.57.

Insider Transactions at Arthur J. Gallagher & Co.

In related 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 transaction of $2,505,260.90. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $338.19 on Friday. The company has a market capitalization of $86.61 billion, a price-to-earnings ratio of 51.87 and a beta of 0.78. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a twelve month low of $244.60 and a twelve month high of $350.70. The stock has a fifty day simple moving average of $330.48 and a 200 day simple moving average of $311.28.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The firm's revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $3.45 earnings per share. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

About Arthur J. Gallagher & Co.

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.

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