Financial Life Planners Acquires Shares of 128 Arthur J. Gallagher & Co. (NYSE:AJG)

Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 128 shares of the financial services provider’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalina Capital Group LLC raised its stake in shares of Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after buying an additional 35 shares during the last quarter. Chicago Capital LLC raised its position in Arthur J. Gallagher & Co. by 7.0% during the fourth quarter. Chicago Capital LLC now owns 10,555 shares of the financial services provider’s stock valued at $2,996,000 after acquiring an additional 690 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in Arthur J. Gallagher & Co. by 1.0% in the fourth quarter. CENTRAL TRUST Co now owns 21,281 shares of the financial services provider’s stock valued at $6,041,000 after acquiring an additional 208 shares during the period. Valley National Advisers Inc. purchased a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $25,000. Finally, Greenleaf Trust increased its holdings in shares of Arthur J. Gallagher & Co. by 1.1% during the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock valued at $940,000 after purchasing an additional 36 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Bank of America raised their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a research note on Friday. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Barclays boosted their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Truist Financial lifted their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $309.05 on Tuesday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $316.72. The firm has a market capitalization of $77.20 billion, a PE ratio of 47.40 and a beta of 0.77. The company has a current ratio of 1.51, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $291.66 and its 200 day moving average price is $288.94.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.53 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is currently 36.81%.

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.