Cetera Investment Advisers Has $18.77 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Cetera Investment Advisers increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,111 shares of the financial services provider's stock after purchasing an additional 3,584 shares during the quarter. Cetera Investment Advisers' holdings in Arthur J. Gallagher & Co. were worth $18,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $1,421,591,000. Vanguard Group Inc. boosted its stake in shares of 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 valued at $8,422,435,000 after acquiring an additional 3,851,661 shares during the last quarter. Winslow Capital Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $719,489,000. Capital World Investors lifted its stake 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 purchasing an additional 1,910,471 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Arthur J. Gallagher & Co. by 162.0% during the 4th quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider's stock valued at $801,115,000 after acquiring an additional 1,745,283 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Truist Financial raised their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a report on Friday, January 31st. Barclays lifted their price objective on shares of 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. Royal Bank of Canada increased their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a "market perform" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price target on shares of 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $315.33.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock traded down $6.87 during trading on Monday, reaching $331.31. The company had a trading volume of 1,672,331 shares, compared to its average volume of 1,311,904. The firm's 50 day simple moving average is $330.37 and its two-hundred day simple moving average is $310.29. Arthur J. Gallagher & Co. has a one year low of $244.60 and a one year high of $350.70. 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 company has a market capitalization of $84.85 billion, a PE ratio of 50.81 and a beta of 0.78.

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

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

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

In related news, Director David S. Johnson sold 325 shares of the firm's stock in a transaction 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 transaction, the director now owns 44,783 shares of the company's stock, valued at approximately $14,422,812.98. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 7,510 shares of the 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 completion of the sale, the vice president now owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. This represents a 7.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

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.