OMERS ADMINISTRATION Corp Has $2.56 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

OMERS ADMINISTRATION Corp raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,012 shares of the financial services provider's stock after acquiring an additional 1,534 shares during the period. OMERS ADMINISTRATION Corp's holdings in Arthur J. Gallagher & Co. were worth $2,558,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Running Oak Capital LLC lifted its position in Arthur J. Gallagher & Co. by 8.9% during the fourth quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock worth $13,830,000 after purchasing an additional 3,983 shares during the period. Campbell Newman Asset Management Inc. raised its position in shares of Arthur J. Gallagher & Co. by 13.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 141,163 shares of the financial services provider's stock valued at $40,069,000 after buying an additional 17,196 shares in the last quarter. Red Spruce Capital LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $298,000. Hartford Investment Management Co. boosted its position in shares of Arthur J. Gallagher & Co. by 11.1% during the 4th quarter. Hartford Investment Management Co. now owns 15,434 shares of the financial services provider's stock worth $4,381,000 after acquiring an additional 1,537 shares in the last quarter. Finally, Iams Wealth Management LLC increased its stake in Arthur J. Gallagher & Co. by 65.0% in the fourth quarter. Iams Wealth Management LLC now owns 7,962 shares of the financial services provider's stock valued at $2,260,000 after acquiring an additional 3,138 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Scott R. Hudson sold 7,510 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the transaction, the vice president now directly owns 90,020 shares in the company, valued at $30,029,771.80. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial upped their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price objective for the company. Royal Bank of Canada raised their price objective 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. Barclays boosted their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a "market perform" rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and a consensus target price of $318.57.

Arthur J. Gallagher & Co. Trading Up 1.1%

Shares of Arthur J. Gallagher & Co. stock traded up $3.84 on Friday, hitting $342.12. The stock had a trading volume of 973,172 shares, compared to its average volume of 1,317,578. The stock has a 50 day moving average of $330.80 and a 200 day moving average of $311.86. The firm has a market capitalization of $87.62 billion, a P/E ratio of 52.47 and a beta of 0.78. Arthur J. Gallagher & Co. has a twelve month low of $244.60 and a twelve month high of $350.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.10. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The company's revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.45 EPS. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

Arthur J. Gallagher & Co. Company Profile

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.