Robbins Farley Acquires Shares of 11,196 Arthur J. Gallagher & Co. (NYSE:AJG)

Robbins Farley acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,196 shares of the financial services provider's stock, valued at approximately $2,518,000. Arthur J. Gallagher & Co. accounts for 1.5% of Robbins Farley's investment portfolio, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Greenleaf Trust lifted its stake in shares of Arthur J. Gallagher & Co. by 1.4% in the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider's stock valued at $676,000 after purchasing an additional 42 shares during the period. Pinnacle Bancorp Inc. raised its position in Arthur J. Gallagher & Co. by 14.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider's stock worth $77,000 after acquiring an additional 43 shares during the last quarter. HBK Sorce Advisory LLC raised its position in Arthur J. Gallagher & Co. by 3.9% during the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider's stock worth $280,000 after acquiring an additional 46 shares during the last quarter. Fidelis Capital Partners LLC raised its position in Arthur J. Gallagher & Co. by 3.7% during the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider's stock worth $302,000 after acquiring an additional 47 shares during the last quarter. Finally, Cambridge Trust Co. raised its position in Arthur J. Gallagher & Co. by 5.1% during the fourth quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider's stock worth $218,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Jefferies Financial Group cut 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. TD Cowen lifted 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. Royal Bank of Canada lifted their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods lowered their price target 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, April 10th. Finally, Truist Financial reiterated a "hold" rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of "Hold" and an average target price of $255.23.

Arthur J. Gallagher & Co. Trading Up 1.1 %

AJG stock traded up $2.58 during midday trading on Friday, reaching $236.57. 984,297 shares of the company's stock traded hands, compared to its average volume of 799,524. The company has a market capitalization of $51.64 billion, a P/E ratio of 53.28, a PEG ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. Arthur J. Gallagher & Co. has a fifty-two week low of $198.52 and a fifty-two week high of $256.10. The business has a 50-day moving average price of $244.38 and a two-hundred day moving average price of $238.79.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. During the same period in the previous year, the company posted $1.54 earnings per share. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal 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 given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, February 29th. Arthur J. Gallagher & Co.'s payout ratio is 54.05%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, Director David S. Johnson sold 500 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now directly owns 45,038 shares of the company's stock, valued at $10,540,693.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Scott R. Hudson sold 15,000 shares of the company's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the sale, the vice president now directly owns 96,709 shares of the company's stock, valued at $24,666,597.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David S. Johnson sold 500 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the sale, 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. Insiders have sold a total of 29,016 shares of company stock valued at $7,176,180 over the last ninety days. Corporate insiders own 1.60% of the company's stock.

About Arthur J. Gallagher & Co.

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.