Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by TD Asset Management Inc.

TD Asset Management Inc. raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 892,709 shares of the financial services provider’s stock after acquiring an additional 92,990 shares during the period. TD Asset Management Inc. owned 0.36% of Arthur J. Gallagher & Co. worth $253,395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $25,000. Pin Oak Investment Advisors Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 543.8% in the third 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 period. MRP Capital Investments LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $35,000. Finally, Financial Life Planners bought a new position in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $36,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AJG shares. Keefe, Bruyette & Woods boosted their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a research report on Friday. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their target price for the company from $295.00 to $377.00 in a research report on Friday, January 10th. 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. The Goldman Sachs Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a report on Monday, November 25th. Finally, Truist Financial boosted their target price on 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $310.43.

Arthur J. Gallagher & Co. Stock Up 1.9 %

Shares of Arthur J. Gallagher & Co. stock opened at $338.10 on Tuesday. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $345.43. The firm has a market capitalization of $86.11 billion, a PE ratio of 51.86 and a beta of 0.75. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average is $318.01 and its 200-day moving average is $299.81.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating 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 anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.77%. This is a boost 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 payout ratio is presently 39.88%.

Insider Activity

In related news, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the transaction, the vice president now directly owns 90,020 shares of the company’s stock, valued at approximately $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the sale, the director now owns 16,533 shares of the company’s stock, valued at $5,031,487.89. The trade was a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock worth $7,478,224 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

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