GTS Securities LLC Buys 1,277 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

GTS Securities LLC lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 74.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,998 shares of the financial services provider's stock after purchasing an additional 1,277 shares during the period. GTS Securities LLC's holdings in Arthur J. Gallagher & Co. were worth $851,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Valley National Advisers Inc. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $25,000. MRP Capital Investments LLC bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $28,000. New Age Alpha Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. by 81.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock worth $31,000 after acquiring an additional 49 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in Arthur J. Gallagher & Co. by 205.4% during the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock worth $34,000 after acquiring an additional 76 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $35,000. 85.53% of the stock is currently owned by institutional investors.

Insider Activity

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the transaction, the insider now owns 11,941 shares of the company's stock, valued at $4,109,256.33. This trade represents a 53.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the transaction, the vice president now directly owns 90,020 shares in the company, 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. Insiders sold a total of 32,510 shares of company stock worth $11,033,341 in the last three months. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Trading Up 0.7%

Shares of AJG stock traded up $2.43 during mid-day trading on Friday, hitting $344.33. The company's stock had a trading volume of 236,910 shares, compared to its average volume of 1,318,647. The company's fifty day simple moving average is $332.65 and its 200-day simple moving average is $314.96. 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 quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $88.18 billion, a PE ratio of 52.77 and a beta of 0.78.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.10. The firm had revenue of $3.69 billion during 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% on a year-over-year basis. During the same period last year, the company posted $3.45 EPS. As a group, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced 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 is Friday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AJG shares. Truist Financial lifted their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a "market perform" rating in a research note on Friday, May 2nd. Jefferies Financial Group lowered 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. Wells Fargo & Company lifted 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. Finally, Royal Bank of Canada lifted their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.