Arthur J. Gallagher & Co. (NYSE:AJG) is 11 Capital Partners LP's 5th Largest Position

11 Capital Partners LP increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 27.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,752 shares of the financial services provider's stock after acquiring an additional 16,150 shares during the period. Arthur J. Gallagher & Co. comprises 8.5% of 11 Capital Partners LP's holdings, making the stock its 5th largest holding. 11 Capital Partners LP's holdings in Arthur J. Gallagher & Co. were worth $21,218,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AJG. Tudor Financial Inc. acquired a new stake in Arthur J. Gallagher & Co. in the third quarter valued at about $401,000. Pine Valley Investments Ltd Liability Co raised its stake in Arthur J. Gallagher & Co. by 2.9% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,789 shares of the financial services provider's stock worth $2,754,000 after buying an additional 272 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at about $22,538,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $427,000. Finally, Tidal Investments LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 37.2% during the third quarter. Tidal Investments LLC now owns 9,824 shares of the financial services provider's stock valued at $2,764,000 after purchasing an additional 2,666 shares during the period. 85.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Sherry S. Barrat sold 2,500 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 16,533 shares in the company, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott R. Hudson sold 7,510 shares of the business'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 transaction, the vice president now owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock worth $7,478,224 in the last quarter. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AJG shares. Piper Sandler upgraded Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 target price on the stock. TD Cowen raised Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and upped their target price for the company from $295.00 to $377.00 in a report on Friday, January 10th. Truist Financial boosted their price objective on 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, Jefferies Financial Group decreased their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of "Hold" and an average price target of $315.27.

Arthur J. Gallagher & Co. Stock Down 0.9 %

AJG stock traded down $2.92 during midday trading on Thursday, hitting $317.77. The stock had a trading volume of 1,995,757 shares, compared to its average volume of 1,294,672. The business has a 50-day moving average of $330.11 and a two-hundred day moving average of $308.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $81.26 billion, a price-to-earnings ratio of 48.74 and a beta of 0.64. Arthur J. Gallagher & Co. has a 52-week low of $235.09 and a 52-week high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.09. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Arthur J. Gallagher & Co.'s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.45 EPS. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 39.88%.

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.