Brown Advisory Inc. Has $839.52 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Brown Advisory Inc. increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,957,633 shares of the financial services provider's stock after acquiring an additional 260,533 shares during the quarter. Arthur J. Gallagher & Co. comprises about 1.1% of Brown Advisory Inc.'s investment portfolio, making the stock its 23rd largest position. Brown Advisory Inc. owned approximately 1.18% of Arthur J. Gallagher & Co. worth $839,524,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Valley National Advisers Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $25,000. MRP Capital Investments LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $28,000. New Age Alpha Advisors LLC grew its position in shares of Arthur J. Gallagher & Co. by 81.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 49 shares during the period. Johnson Financial Group Inc. increased its stake in Arthur J. Gallagher & Co. by 205.4% during the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock worth $34,000 after purchasing an additional 76 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $35,000. Institutional investors own 85.53% of the company's stock.

Analyst Ratings Changes

AJG has been the subject of a number of research reports. Jefferies Financial Group lowered their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a report on Friday, April 11th. Barclays upped their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Truist Financial boosted their price target 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. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of "Hold" and an average price target of $315.33.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock traded up $1.34 during trading hours on Wednesday, hitting $339.61. The company had a trading volume of 1,279,559 shares, compared to its average volume of 1,307,912. The firm has a 50-day moving average of $330.36 and a 200 day moving average of $309.08. 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 $86.85 billion, a PE ratio of 52.09 and a beta of 0.78. Arthur J. Gallagher & Co. has a one year low of $244.22 and a one year 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 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter last year, the company earned $3.45 earnings per share. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.77%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 10th. The stock was 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 directly owns 69,774 shares of the company's stock, valued at $22,536,304.26. The trade was a 12.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the firm's stock in a transaction 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 completion of the transaction, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. The trade was a 7.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,835 shares of company stock valued at $5,839,830. 1.60% of the stock is owned by company insiders.

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