Triasima Portfolio Management inc. Purchases 21,897 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Triasima Portfolio Management inc. grew its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 1,809.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,107 shares of the financial services provider's stock after purchasing an additional 21,897 shares during the period. Triasima Portfolio Management inc.'s holdings in Arthur J. Gallagher & Co. were worth $5,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Beaird Harris Wealth Management LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Arthur J. Gallagher & Co. during the third quarter worth about $28,000. SJS Investment Consulting Inc. increased its holdings in Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider's stock worth $29,000 after buying an additional 106 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in Arthur J. Gallagher & Co. during the second quarter worth about $30,000. Finally, Ruedi Wealth Management Inc. purchased a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG stock traded down $3.59 during trading hours on Friday, reaching $234.58. The stock had a trading volume of 896,508 shares, compared to its average volume of 865,359. The stock's fifty day simple moving average is $244.73 and its 200 day simple moving average is $238.61. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65. Arthur J. Gallagher & Co. has a 12 month low of $196.70 and a 12 month high of $256.10. The firm has a market capitalization of $51.21 billion, a PE ratio of 52.83, a PEG ratio of 2.24 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business posted $1.54 earnings per share. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 1.02%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 54.05%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now directly owns 2,023 shares of the company's stock, valued at $516,269.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now directly owns 2,023 shares of the company's stock, valued at $516,269.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the transaction, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AJG has been the subject of a number of research analyst reports. Truist Financial restated a "hold" rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday. Keefe, Bruyette & Woods decreased their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an "underperform" rating for the company in a report on Wednesday. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a "buy" rating to a "hold" rating and cut their target price for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. Royal Bank of Canada increased their target price on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an "outperform" rating in a research report on Friday, March 22nd. Finally, TD Cowen increased their target price on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a "hold" rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of "Hold" and an average target price of $255.23.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.