5,595 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Bought by Choreo LLC

Choreo LLC purchased a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,595 shares of the financial services provider's stock, valued at approximately $1,258,000.

Other hedge funds have also recently modified their holdings of the company. FMR LLC grew its stake in shares of Arthur J. Gallagher & Co. by 8.1% in the 3rd quarter. FMR LLC now owns 9,664,117 shares of the financial services provider's stock valued at $2,202,742,000 after buying an additional 726,485 shares during the period. Morgan Stanley boosted its position in shares of Arthur J. Gallagher & Co. by 0.6% during the 3rd quarter. Morgan Stanley now owns 6,209,557 shares of the financial services provider's stock worth $1,415,345,000 after purchasing an additional 34,999 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Arthur J. Gallagher & Co. by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,000,975 shares of the financial services provider's stock worth $1,139,872,000 after purchasing an additional 90,842 shares during the period. WCM Investment Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 0.5% during the 4th quarter. WCM Investment Management LLC now owns 2,610,081 shares of the financial services provider's stock worth $583,249,000 after purchasing an additional 13,208 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Arthur J. Gallagher & Co. by 3.6% during the 3rd quarter. Invesco Ltd. now owns 2,572,182 shares of the financial services provider's stock worth $586,277,000 after purchasing an additional 88,861 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Up 1.7 %

Shares of NYSE AJG traded up $3.90 during mid-day trading on Wednesday, reaching $238.59. The company had a trading volume of 897,198 shares, compared to its average volume of 871,152. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a 50 day simple moving average of $243.98 and a two-hundred day simple moving average of $239.00. The stock has a market cap of $52.08 billion, a P/E ratio of 47.51, a PEG ratio of 2.18 and a beta of 0.68. Arthur J. Gallagher & Co. has a 52-week low of $198.52 and a 52-week high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.08. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The company's revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $3.03 EPS. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 48.58%.

Wall Street Analysts Forecast Growth

AJG has been the subject of a number of research analyst reports. Truist Financial reaffirmed a "hold" rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Royal Bank of Canada increased their price objective 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. Keefe, Bruyette & Woods lowered 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 research report on Wednesday, April 10th. Piper Sandler reduced their target price on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a "buy" rating to a "hold" rating and reduced their target price for the stock from $279.00 to $233.00 in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of "Hold" and an average target price of $255.31.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the transaction, the vice president now directly owns 2,023 shares of the company's stock, valued at approximately $516,269.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. 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 transaction, the vice president now directly owns 96,709 shares in the company, valued at $24,666,597.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction 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 completion of the transaction, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock valued at $7,176,180 in the last ninety days. 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.