Silvercrest Asset Management Group LLC Buys 1,382 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Silvercrest Asset Management Group LLC increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,777 shares of the financial services provider's stock after buying an additional 1,382 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Arthur J. Gallagher & Co. were worth $5,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $25,000. MRP Capital Investments LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $28,000. New Age Alpha Advisors LLC grew its position in Arthur J. Gallagher & Co. by 81.7% in 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. grew its position in Arthur J. Gallagher & Co. by 205.4% in 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 stake in Arthur J. Gallagher & Co. in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Up 0.9%

AJG stock traded up $2.90 during trading on Friday, reaching $338.38. 859,406 shares of the stock were exchanged, compared to its average volume of 1,319,148. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a twelve month low of $244.60 and a twelve month high of $350.70. The firm has a market cap of $86.66 billion, a P/E ratio of 51.90 and a beta of 0.78. The firm's 50 day moving average is $332.04 and its 200 day moving average is $313.63.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the company posted $3.45 earnings per share. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS 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. Investors 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 yield of 0.77%. Arthur J. Gallagher & Co.'s dividend payout ratio is 37.63%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the stock in a transaction 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 completion of the sale, the insider now owns 11,941 shares of the company's stock, valued at $4,109,256.33. This represents a 53.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the firm'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 value of $2,505,260.90. Following the completion of the transaction, the vice president now owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. The trade was a 7.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,510 shares of company stock valued at $11,033,341 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AJG. Jefferies Financial Group decreased their price target 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. Barclays lifted 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 note on Friday, April 11th. Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a "market perform" rating in a report on Friday, May 2nd. Truist Financial increased their price objective on 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. Finally, Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price target for the company. 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.