Great Valley Advisor Group Inc. Acquires 1,588 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Great Valley Advisor Group Inc. increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,347 shares of the financial services provider's stock after purchasing an additional 1,588 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Arthur J. Gallagher & Co. were worth $4,640,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Allred Capital Management LLC grew its stake in shares of Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider's stock worth $960,000 after acquiring an additional 34 shares in the last quarter. Catalina Capital Group LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.0% in the 4th 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 last quarter. Greenleaf Trust boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.1% in the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock valued at $940,000 after buying an additional 36 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 3.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock valued at $333,000 after buying an additional 36 shares during the last quarter. Finally, Tucker Asset Management LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 3.0% in the 4th quarter. Tucker Asset Management LLC now owns 1,419 shares of the financial services provider's stock valued at $403,000 after buying an additional 41 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a report on Thursday, April 10th. Jefferies Financial Group cut their price target 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 raised their price target on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Truist Financial raised their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of "Hold" and a consensus price target of $318.57.

Arthur J. Gallagher & Co. Trading Up 1.7%

AJG traded up $5.74 on Friday, hitting $347.64. 2,545,224 shares of the company were exchanged, compared to its average volume of 1,329,515. The firm has a fifty day simple moving average of $332.85 and a two-hundred day simple moving average of $315.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a 12 month low of $250.51 and a 12 month high of $350.70. The stock has a market capitalization of $89.03 billion, a PE ratio of 53.32 and a beta of 0.78.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The business's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $3.45 EPS. 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 disclosed 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. The ex-dividend date is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.75%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, Director David S. Johnson sold 1,000 shares of the firm's stock in a transaction that occurred on 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 owns 45,323 shares in the company, valued at $15,502,278.92. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan E. Pietrucha sold 13,500 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 11,941 shares in the company, valued at $4,109,256.33. This trade represents a 53.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,510 shares of company stock worth $11,033,341. 1.60% of the stock is currently owned by 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.