Greenleaf Trust Buys 36 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Greenleaf Trust increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,310 shares of the financial services provider’s stock after purchasing an additional 36 shares during the quarter. Greenleaf Trust’s holdings in Arthur J. Gallagher & Co. were worth $940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AJG. Spire Wealth Management lifted its position in shares of Arthur J. Gallagher & Co. by 13.9% during the 4th quarter. Spire Wealth Management now owns 2,374 shares of the financial services provider’s stock valued at $674,000 after buying an additional 289 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in Arthur J. Gallagher & Co. by 142.3% during the fourth quarter. DAVENPORT & Co LLC now owns 16,150 shares of the financial services provider’s stock valued at $4,584,000 after purchasing an additional 9,485 shares during the last quarter. Tritonpoint Wealth LLC boosted its position in Arthur J. Gallagher & Co. by 6.5% during the fourth quarter. Tritonpoint Wealth LLC now owns 3,146 shares of the financial services provider’s stock worth $893,000 after purchasing an additional 193 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of Arthur J. Gallagher & Co. by 0.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 10,899 shares of the financial services provider’s stock valued at $3,112,000 after purchasing an additional 64 shares during the period. Finally, Everett Harris & Co. CA lifted its stake in shares of Arthur J. Gallagher & Co. by 13.4% during the 4th quarter. Everett Harris & Co. CA now owns 4,403 shares of the financial services provider’s stock valued at $1,250,000 after buying an additional 520 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AJG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a report on Friday. Truist Financial increased their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets lifted their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays increased their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus price target of $307.00.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $309.05 on Tuesday. The stock has a market capitalization of $77.20 billion, a P/E 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. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $316.72. The stock has a 50-day moving average price of $291.66 and a 200-day moving average price of $288.94.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts predict that Arthur J. Gallagher & Co. will post 11.53 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

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

Arthur J. Gallagher & Co. 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.