Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 33,892.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 269,220 shares of the financial services provider’s stock after purchasing an additional 268,428 shares during the quarter. Proficio Capital Partners LLC owned 0.11% of Arthur J. Gallagher & Co. worth $76,418,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AJG. FMR LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 4.9% in the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock worth $3,462,392,000 after acquiring an additional 580,134 shares during the last quarter. State Street Corp grew its holdings in shares of Arthur J. Gallagher & Co. by 0.5% during the third quarter. State Street Corp now owns 8,932,007 shares of the financial services provider’s stock valued at $2,513,199,000 after buying an additional 47,656 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 1.5% during the third quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider’s stock valued at $1,541,044,000 after buying an additional 79,429 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Arthur J. Gallagher & Co. by 13.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider’s stock valued at $899,538,000 after buying an additional 383,130 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 126.2% during the fourth quarter. Principal Financial Group Inc. now owns 2,003,237 shares of the financial services provider’s stock valued at $568,619,000 after buying an additional 1,117,441 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AJG has been the topic of a number of research analyst reports. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their target price 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, January 31st. Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their target price for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $333.19 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $334.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $84.86 billion, a PE ratio of 51.10 and a beta of 0.77. The stock has a 50-day simple moving average of $301.84 and a 200 day simple moving average of $294.66.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted 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 return on equity of 16.47% and a net margin of 12.70%. Research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. Arthur J. Gallagher & Co.’s dividend payout ratio is 39.88%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the transaction, the chief accounting officer now directly owns 69,774 shares in the company, valued at approximately $22,536,304.26. This trade represents a 12.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sherry S. Barrat sold 2,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the transaction, the director now owns 16,533 shares in the company, 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 have sold a total of 15,725 shares of company stock worth $4,972,964 in the last three months. 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.