Sculptor Capital LP Buys New Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Sculptor Capital LP purchased 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 SEC. The institutional investor purchased 26,300 shares of the financial services provider's stock, valued at approximately $7,465,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SeaCrest Wealth Management LLC grew its holdings in Arthur J. Gallagher & Co. by 12.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,276 shares of the financial services provider's stock valued at $362,000 after buying an additional 142 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 58.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 543 shares of the financial services provider's stock worth $154,000 after purchasing an additional 200 shares during the last quarter. Carnegie Investment Counsel boosted its stake in shares of Arthur J. Gallagher & Co. by 5.9% during the 4th quarter. Carnegie Investment Counsel now owns 1,194 shares of the financial services provider's stock worth $339,000 after purchasing an additional 66 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $202,000. Finally, Procyon Advisors LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 38.8% during the 4th quarter. Procyon Advisors LLC now owns 3,154 shares of the financial services provider's stock worth $895,000 after purchasing an additional 881 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AJG shares. Truist Financial raised their price target on shares of 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 started coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price target on the stock. Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Barclays raised their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a "market perform" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of "Hold" and a consensus target price of $318.57.

Arthur J. Gallagher & Co. Stock Down 1.0%

Shares of NYSE AJG traded down $3.59 during midday trading on Tuesday, reaching $340.23. 908,691 shares of the company's stock were exchanged, compared to its average volume of 1,315,628. Arthur J. Gallagher & Co. has a 52-week low of $244.60 and a 52-week high of $350.70. The stock has a market capitalization of $87.13 billion, a PE ratio of 52.18 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The business's fifty day moving average price is $331.16 and its two-hundred day moving average price is $312.51.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The business's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.45 earnings per share. Analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

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

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

In other news, Director David S. Johnson sold 1,000 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $342.04, for a total transaction of $342,040.00. Following the completion of the transaction, the director now owns 45,323 shares in the company, valued at approximately $15,502,278.92. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan E. Pietrucha sold 13,500 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the transaction, the insider now owns 11,941 shares of the company's stock, valued at $4,109,256.33. This represents a 53.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,010 shares of company stock worth $7,493,056 over the last 90 days. Insiders own 1.60% of the company's stock.

About Arthur J. Gallagher & Co.

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.