Gilbert & Cook Inc. Purchases 614 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Gilbert & Cook Inc. increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 11.5% during the fourth quarter, Holdings Channel reports. The fund owned 5,970 shares of the financial services provider’s stock after purchasing an additional 614 shares during the period. Gilbert & Cook Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Arthur J. Gallagher & Co. by 21.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock valued at $18,893,000 after buying an additional 11,752 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Arthur J. Gallagher & Co. by 15.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock worth $30,450,000 after acquiring an additional 14,860 shares during the last quarter. Principal Financial Group Inc. increased its position in Arthur J. Gallagher & Co. by 231.2% in the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock valued at $249,237,000 after acquiring an additional 618,362 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Arthur J. Gallagher & Co. by 1.2% in the third quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock worth $51,732,000 after acquiring an additional 2,092 shares during the last quarter. Finally, Running Oak Capital LLC grew its stake in shares of Arthur J. Gallagher & Co. by 8.9% during the fourth quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock valued at $13,830,000 after purchasing an additional 3,983 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AJG. Bank of America boosted their price objective on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price target for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. BMO Capital Markets boosted their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Keefe, Bruyette & Woods raised shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and reduced their target price for the company from $292.00 to $286.00 in a research note on Friday, January 10th. Finally, The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a report on Monday, November 25th. Two equities 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 stock. According to MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $297.26 on Thursday. The company has a market capitalization of $74.25 billion, a price-to-earnings ratio of 56.50 and a beta of 0.76. The stock’s 50 day moving average is $291.81 and its 200-day moving average is $288.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 12 month low of $227.43 and a 12 month high of $316.72.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.65 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.87%. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

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.