Deutsche Bank AG Buys 101,860 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Deutsche Bank AG raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 26.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 490,751 shares of the financial services provider's stock after acquiring an additional 101,860 shares during the quarter. Deutsche Bank AG owned approximately 0.20% of Arthur J. Gallagher & Co. worth $139,300,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AJG. Wealth Enhancement Advisory Services LLC grew its stake in shares of Arthur J. Gallagher & Co. by 21.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider's stock valued at $18,893,000 after buying an additional 11,752 shares in the last quarter. Running Oak Capital LLC grew its stake in shares of Arthur J. Gallagher & Co. by 8.9% in the fourth quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock valued at $13,830,000 after buying an additional 3,983 shares in the last quarter. Campbell Newman Asset Management Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 13.9% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 141,163 shares of the financial services provider's stock valued at $40,069,000 after buying an additional 17,196 shares in the last quarter. Red Spruce Capital LLC bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $298,000. Finally, Hartford Investment Management Co. grew its stake in shares of Arthur J. Gallagher & Co. by 11.1% in the fourth quarter. Hartford Investment Management Co. now owns 15,434 shares of the financial services provider's stock valued at $4,381,000 after buying an additional 1,537 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction that occurred 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 directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Trading Down 0.9%

Arthur J. Gallagher & Co. stock traded down $2.91 during trading hours on Wednesday, reaching $329.79. The stock had a trading volume of 898,453 shares, compared to its average volume of 1,313,323. The company has a fifty day simple moving average of $330.03 and a 200-day simple moving average of $310.78. Arthur J. Gallagher & Co. has a 52 week low of $244.60 and a 52 week 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 stock has a market cap of $84.46 billion, a PE ratio of 50.58 and a beta of 0.78.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $3.85 billion. During the same period last year, the company posted $3.45 EPS. The company's quarterly revenue was up 14.5% compared to the same quarter last year. Analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

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 paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.79%. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AJG shares. Barclays raised their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Jefferies Financial Group reduced their price objective on shares of 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. Redburn Atlantic initiated 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 price objective for the company. Royal Bank of Canada lifted their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Two 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. Based on data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of "Hold" and a consensus target price of $315.33.

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.