Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 683,206 shares of the financial services provider's stock after acquiring an additional 23,182 shares during the period. Nuveen Asset Management LLC owned approximately 0.27% of Arthur J. Gallagher & Co. worth $193,928,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AJG. Accurate Wealth Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 6.9% in the fourth quarter. Accurate Wealth Management LLC now owns 3,241 shares of the financial services provider's stock valued at $930,000 after buying an additional 208 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of Arthur J. Gallagher & Co. by 12.5% in the 4th 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. Pinnacle Bancorp Inc. increased its holdings in Arthur J. Gallagher & Co. by 58.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 543 shares of the financial services provider's stock worth $154,000 after acquiring an additional 200 shares during the last quarter. Heritage Family Offices LLP grew its position in Arthur J. Gallagher & Co. by 31.5% during the 4th quarter. Heritage Family Offices LLP now owns 7,860 shares of the financial services provider's stock worth $2,231,000 after acquiring an additional 1,882 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 4.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,414 shares of the financial services provider's stock valued at $4,375,000 after buying an additional 692 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Trading Up 0.4%

Arthur J. Gallagher & Co. stock traded up $1.35 during trading hours on Monday, reaching $343.59. The company had a trading volume of 610,927 shares, compared to its average volume of 1,314,752. The firm has a market cap of $87.99 billion, a price-to-earnings ratio of 52.70 and a beta of 0.78. Arthur J. Gallagher & Co. has a 12-month low of $244.60 and a 12-month high of $350.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The company has a 50-day moving average price of $330.80 and a 200 day moving average price of $312.07.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter last year, the firm posted $3.45 earnings per share. Arthur J. Gallagher & Co.'s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders 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 yield of 0.76%. Arthur J. Gallagher & Co.'s dividend payout ratio is 37.63%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction 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 sale, the vice president now owns 90,020 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AJG shares. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price target for the company. Royal Bank of Canada boosted their price target on 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 price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their target price on shares of 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. Finally, Wells Fargo & Company lifted their price objective on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and an average target price of $318.57.

About Arthur J. Gallagher & Co.

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.