214,144 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Acquired by Moore Capital Management LP

Moore Capital Management LP acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 214,144 shares of the financial services provider's stock, valued at approximately $60,785,000. Arthur J. Gallagher & Co. makes up 0.7% of Moore Capital Management LP's investment portfolio, making the stock its 16th largest position. Moore Capital Management LP owned approximately 0.09% of Arthur J. Gallagher & Co. at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Allred Capital Management LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 1.0% during the fourth quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider's stock worth $960,000 after buying an additional 34 shares in the last quarter. Catalina Capital Group LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock worth $959,000 after buying an additional 35 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Arthur J. Gallagher & Co. by 1.1% during the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock worth $940,000 after buying an additional 36 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 3.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock worth $333,000 after buying an additional 36 shares in the last quarter. Finally, Brendel Financial Advisors LLC increased its holdings in Arthur J. Gallagher & Co. by 0.5% in the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider's stock valued at $2,054,000 after purchasing an additional 38 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Up 1.1%

AJG stock traded up $3.84 during mid-day trading on Friday, reaching $342.12. 973,172 shares of the company traded hands, compared to its average volume of 1,315,140. The stock has a market cap of $87.62 billion, a price-to-earnings ratio of 52.47 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. Arthur J. Gallagher & Co. has a fifty-two week low of $244.60 and a fifty-two week high of $350.70. The firm's 50 day moving average price is $330.80 and its 200 day moving average price is $311.67.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.10. The business 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 company's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.45 EPS. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.65 per share. 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 dividend payout ratio is currently 37.63%.

Analysts Set New Price Targets

A number of analysts recently weighed in on AJG shares. Keefe, Bruyette & Woods increased their price objective 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. 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. Royal Bank of Canada increased their price objective 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. Truist Financial upped their price target on shares of 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, Jefferies Financial Group cut their price target on shares of 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. Two investment 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, the company presently has a consensus rating of "Hold" and an average price target of $318.57.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the transaction, the vice president now owns 90,020 shares of the company's stock, valued at $30,029,771.80. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. 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.