5,200 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Acquired by F M Investments LLC

F M Investments LLC bought a new position in 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. The fund bought 5,200 shares of the financial services provider's stock, valued at approximately $1,169,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust raised 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 in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 43 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider's stock valued at $280,000 after purchasing an additional 46 shares in the last quarter. Fidelis Capital Partners LLC grew its position in Arthur J. Gallagher & Co. by 3.7% in the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider's stock valued at $302,000 after acquiring an additional 47 shares during the period. Finally, Cambridge Trust Co. grew its position in Arthur J. Gallagher & Co. by 5.1% in the fourth quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider's stock valued at $218,000 after acquiring an additional 47 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a "buy" rating to a "hold" rating and lowered their price target for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an "outperform" rating in a research report on Friday, March 22nd. Truist Financial reiterated a "hold" rating and issued a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. TD Cowen upped their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a "hold" rating in a research report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods decreased their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an "underperform" rating on the stock 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $255.23.

Arthur J. Gallagher & Co. Trading Up 0.2 %

Arthur J. Gallagher & Co. stock traded up $0.36 during mid-day trading on Tuesday, hitting $237.88. The stock had a trading volume of 620,847 shares, compared to its average volume of 869,393. The stock has a 50-day simple moving average of $244.45 and a two-hundred day simple moving average of $238.95. The stock has a market capitalization of $51.93 billion, a PE ratio of 53.58, a P/E/G ratio of 2.23 and a beta of 0.68. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10. 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. (NYSE:AJG - Get Free Report) last posted its quarterly 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. The business had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same quarter last year, the business earned $1.54 earnings per share. As a group, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.60 dividend. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, February 29th. This represents a $2.40 annualized dividend and a yield of 1.01%. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 54.05%.

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

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

Arthur J. Gallagher & Co. Company 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.

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