Burgundy Asset Management Ltd. Purchases 22,505 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Burgundy Asset Management Ltd. grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 601,954 shares of the financial services provider's stock after buying an additional 22,505 shares during the period. Arthur J. Gallagher & Co. accounts for approximately 1.7% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 20th largest holding. Burgundy Asset Management Ltd. owned approximately 0.24% of Arthur J. Gallagher & Co. worth $170,865,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AJG. Vise Technologies Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 69.9% during the fourth quarter. Vise Technologies Inc. now owns 1,286 shares of the financial services provider's stock worth $365,000 after purchasing an additional 529 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Arthur J. Gallagher & Co. by 48.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 169,568 shares of the financial services provider's stock worth $48,132,000 after purchasing an additional 55,612 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $203,000. Kolinsky Wealth Management LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 17.5% during the fourth quarter. Kolinsky Wealth Management LLC now owns 2,908 shares of the financial services provider's stock worth $825,000 after purchasing an additional 433 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Arthur J. Gallagher & Co. by 27.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,438,960 shares of the financial services provider's stock worth $408,449,000 after buying an additional 309,705 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 10,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $337.17, for a total value of $3,540,285.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David S. Johnson sold 1,000 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $342.04, for a total value of $342,040.00. Following the completion of the transaction, the director now directly owns 45,323 shares of the company's stock, valued at approximately $15,502,278.92. This trade represents a 2.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,510 shares of company stock valued at $11,033,341 in the last quarter. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Up 1.4%

Shares of AJG stock traded up $4.59 during mid-day trading on Tuesday, reaching $342.63. 976,273 shares of the company's stock traded hands, compared to its average volume of 1,320,852. Arthur J. Gallagher & Co. has a 12 month low of $244.60 and a 12 month high of $350.70. The company has a market cap of $87.75 billion, a P/E ratio of 52.55 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. The company's 50-day moving average price is $332.28 and its 200-day moving average price is $314.26.

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 firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.45 EPS. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share 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 given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AJG. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price for the company. 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. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a "market perform" rating in a research note on Friday, May 2nd. Jefferies Financial Group cut 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 note on Friday, April 11th. Finally, Wells Fargo & Company raised 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $318.57.

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.