Arthur J. Gallagher & Co. (NYSE:AJG) Stock Position Increased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 6.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,123 shares of the financial services provider’s stock after buying an additional 69 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AJG. Valley National Advisers Inc. bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $25,000. Pin Oak Investment Advisors Inc. lifted its position in Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 87 shares during the last quarter. Rakuten Securities Inc. lifted its position in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 87 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $35,000. Finally, Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $36,000. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total transaction of $104,669.50. Following the transaction, the director now directly owns 44,783 shares of the company’s stock, valued at approximately $14,422,812.98. The trade was a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the transaction, the chief accounting officer now directly owns 69,774 shares in the company, valued at $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,725 shares of company stock valued at $4,972,964 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AJG shares. Royal Bank of Canada boosted 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 report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a research report on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Truist Financial boosted 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 report on Friday, January 31st. Finally, Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus price target of $307.00.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $337.61 on Friday. The firm’s 50 day moving average is $302.93 and its 200-day moving average is $295.05. The stock has a market capitalization of $85.99 billion, a P/E ratio of 51.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $338.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.65 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.