Troluce Capital Advisors LLC Acquires Shares of 6,460 Arthur J. Gallagher & Co. (NYSE:AJG)

Troluce Capital Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,460 shares of the financial services provider's stock, valued at approximately $1,834,000. Arthur J. Gallagher & Co. accounts for approximately 0.1% of Troluce Capital Advisors LLC's portfolio, making the stock its 18th largest position.

A number of other large investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 12.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,276 shares of the financial services provider's stock valued at $362,000 after buying an additional 142 shares during the period. Carnegie Investment Counsel lifted its position in shares of Arthur J. Gallagher & Co. by 5.9% during the 4th quarter. Carnegie Investment Counsel now owns 1,194 shares of the financial services provider's stock valued at $339,000 after acquiring an additional 66 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $202,000. Procyon Advisors LLC increased its position in shares of Arthur J. Gallagher & Co. by 38.8% in the fourth quarter. Procyon Advisors LLC now owns 3,154 shares of the financial services provider's stock worth $895,000 after purchasing an additional 881 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $205,000. Institutional investors own 85.53% of the company's stock.

Analysts Set New Price Targets

AJG has been the topic of a number of analyst reports. Barclays increased their price objective on shares of 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. Royal Bank of Canada lifted their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. 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. Wells Fargo & Company raised their target price 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. Finally, Keefe, Bruyette & Woods boosted their price target on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a "market perform" rating in a report on Friday, May 2nd. Two equities research 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $318.57.

Arthur J. Gallagher & Co. Trading Down 1.0%

Arthur J. Gallagher & Co. stock traded down $3.59 during trading hours on Tuesday, hitting $340.23. The stock had a trading volume of 908,691 shares, compared to its average volume of 1,315,629. The stock has a market cap of $87.13 billion, a price-to-earnings ratio of 52.18 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 business's 50 day simple moving average is $331.50 and its 200-day simple moving average is $312.71. Arthur J. Gallagher & Co. has a one year low of $244.60 and a one year high of $350.70.

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 the consensus estimate of $3.57 by $0.10. The company 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%. Arthur J. Gallagher & Co.'s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.45 earnings per share. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

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 paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. Arthur J. Gallagher & Co.'s payout ratio is 37.63%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, insider Susan E. Pietrucha sold 13,500 shares of the business's 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 transaction, the insider now owns 11,941 shares in the company, valued at $4,109,256.33. The trade was a 53.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David S. Johnson sold 1,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $342.04, for a total transaction of $342,040.00. Following the transaction, the director now directly owns 45,323 shares in the company, valued at approximately $15,502,278.92. This represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,010 shares of company stock worth $7,493,056 over the last ninety days. 1.60% of the stock is 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.