Susquehanna Fundamental Investments LLC Acquires New Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,764 shares of the financial services provider's stock, valued at approximately $1,352,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at $25,000. MRP Capital Investments LLC bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth about $28,000. New Age Alpha Advisors LLC grew its position in shares of Arthur J. Gallagher & Co. by 81.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 49 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $35,000. Finally, Financial Life Planners bought a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $36,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Trading Up 1.4 %

Arthur J. Gallagher & Co. stock traded up $4.47 during trading hours on Monday, reaching $335.55. The stock had a trading volume of 1,402,824 shares, compared to its average volume of 1,301,258. The stock has a market cap of $85.81 billion, a PE ratio of 51.47 and a beta of 0.64. The company has a fifty day simple moving average of $330.09 and a 200-day simple moving average of $308.55. 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 52 week low of $238.94 and a 52 week high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, beating 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 for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.45 earnings per share. Analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.77%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 39.88%.

Insider Activity

In other news, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares in the company, valued at approximately $30,029,771.80. The trade was a 7.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the sale, the chief accounting officer now directly owns 69,774 shares in the company, valued at $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,835 shares of company stock worth $5,839,830 in the last quarter. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays upped their price target on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Jefferies Financial Group dropped their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Truist Financial lifted their price objective 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. Royal Bank of Canada raised their price target 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. Finally, Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $315.33.

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.