AssuredPartners Investment Advisors LLC Invests $344,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

AssuredPartners Investment Advisors LLC purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,213 shares of the financial services provider’s stock, valued at approximately $344,000.

Other large investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at $25,000. MRP Capital Investments LLC bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $35,000. Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $36,000. Finally, OFI Invest Asset Management bought a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AJG. Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday. They set a “neutral” rating and a $352.00 price target for the company. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their target price for the company from $295.00 to $377.00 in a report on Friday, January 10th. Royal Bank of Canada boosted their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Wells Fargo & Company raised their price objective on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Finally, Truist Financial increased their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average target price of $313.20.

Insider Activity at Arthur J. Gallagher & Co.

In related news, Director Sherry S. Barrat sold 2,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the sale, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This represents a 13.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,440,499.14. This represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,235 shares of company stock worth $7,478,224 over the last ninety days. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.1 %

AJG opened at $340.59 on Friday. 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 fifty-two week low of $230.08 and a fifty-two week high of $345.43. The company’s 50 day moving average price is $321.73 and its two-hundred day moving average price is $300.95. The firm has a market capitalization of $87.10 billion, a price-to-earnings ratio of 52.24 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data 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%. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was 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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.