Toronto Dominion Bank Has $25.49 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Toronto Dominion Bank grew its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,808 shares of the financial services provider's stock after acquiring an additional 10,616 shares during the quarter. Toronto Dominion Bank's holdings in Arthur J. Gallagher & Co. were worth $25,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AJG. Valley National Advisers Inc. acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth $25,000. MRP Capital Investments LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $28,000. New Age Alpha Advisors LLC increased its stake 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 valued at $31,000 after acquiring an additional 49 shares during the period. Johnson Financial Group Inc. raised 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 purchasing 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.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their target price 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. Keefe, Bruyette & Woods increased their price objective 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 reduced their target price on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Redburn Atlantic initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 target price for the company. Finally, Truist Financial upped their price objective on shares of 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of "Hold" and an average price target of $318.57.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction 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 completion of the sale, the vice president now directly owns 90,020 shares of the company's stock, valued at $30,029,771.80. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David S. Johnson sold 1,000 shares of the stock in a transaction dated Friday, May 16th. The shares were 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 in the company, valued at $15,502,278.92. The trade was 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 worth $11,033,341 in the last quarter. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Trading Up 0.5%

AJG stock traded up $1.74 during trading on Thursday, hitting $341.54. The company had a trading volume of 628,804 shares, compared to its average volume of 1,319,552. The firm has a 50-day moving average price of $332.58 and a 200-day moving average price of $314.63. Arthur J. Gallagher & Co. has a 12 month low of $244.60 and a 12 month high of $350.70. 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 stock has a market cap of $87.47 billion, a price-to-earnings ratio of 52.38 and a beta of 0.78.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results 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 company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.45 earnings per share. As a group, analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm 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. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

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.