Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 27.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,438,960 shares of the financial services provider's stock after acquiring an additional 309,705 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.58% of Arthur J. Gallagher & Co. worth $408,449,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Allred Capital Management LLC lifted its position in Arthur J. Gallagher & Co. by 1.0% in the fourth quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider's stock worth $960,000 after buying an additional 34 shares during the last quarter. Catalina Capital Group LLC increased its stake in shares of Arthur J. Gallagher & Co. by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock valued at $959,000 after buying an additional 35 shares during the period. Greenleaf Trust grew its stake in Arthur J. Gallagher & Co. by 1.1% in the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock valued at $940,000 after purchasing an additional 36 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in Arthur J. Gallagher & Co. by 3.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock valued at $333,000 after purchasing an additional 36 shares during the last quarter. Finally, Tucker Asset Management LLC grew its stake in Arthur J. Gallagher & Co. by 3.0% in the fourth quarter. Tucker Asset Management LLC now owns 1,419 shares of the financial services provider's stock valued at $403,000 after purchasing an additional 41 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a report on Thursday, April 10th. Jefferies Financial Group dropped their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Barclays upped their price objective on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They set a "neutral" rating and a $352.00 target price for the company. Finally, Truist Financial upped their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $318.57.

Arthur J. Gallagher & Co. Trading Up 0.9%

Shares of AJG traded up $2.90 during midday trading on Friday, reaching $338.38. The company had a trading volume of 859,406 shares, compared to its average volume of 1,319,148. The firm has a 50 day simple moving average of $332.04 and a 200-day simple moving average of $313.63. Arthur J. Gallagher & Co. has a 1-year low of $244.60 and a 1-year high of $350.70. The stock has a market cap of $86.66 billion, a PE ratio of 51.90 and a beta of 0.78. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

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 analysts' expectations of $3.85 billion. 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 last year, the business posted $3.45 EPS. Research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS 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. Shareholders of record on Friday, June 6th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date 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 other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $337.17, for a total transaction of $3,540,285.00. Following the transaction, the vice president now owns 91,175 shares of the company's stock, valued at $30,741,474.75. The trade was a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $344.13, for a total value of $4,645,755.00. Following the transaction, the insider now directly owns 11,941 shares in the company, valued at approximately $4,109,256.33. This trade represents a 53.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,510 shares of company stock valued at $11,033,341 in the last quarter. Corporate insiders own 1.60% of the company's stock.

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.