Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $93,000 Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 107.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 315 shares of the financial services provider’s stock after acquiring an additional 163 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Arthur J. Gallagher & Co. were worth $93,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AJG. FMR LLC grew its stake in Arthur J. Gallagher & Co. by 4.9% in the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock valued at $3,462,392,000 after purchasing an additional 580,134 shares in the last quarter. State Street Corp lifted its holdings in shares of Arthur J. Gallagher & Co. by 0.5% during the 3rd 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 during the last quarter. Geode Capital Management LLC increased its holdings in Arthur J. Gallagher & Co. by 1.5% in the third quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider’s stock worth $1,541,044,000 after buying an additional 79,429 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in 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 acquiring an additional 383,130 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Arthur J. Gallagher & Co. by 2.4% in the third quarter. Janus Henderson Group PLC now owns 1,330,703 shares of the financial services provider’s stock worth $374,408,000 after acquiring an additional 31,181 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Up 0.8 %

Shares of AJG stock opened at $322.42 on Monday. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $323.55. The stock has a market cap of $80.54 billion, a P/E ratio of 49.45 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06. The stock has a fifty day moving average price of $292.02 and a 200 day moving average price of $290.38.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS 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%. Analysts predict that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business 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 dividend of $0.65 per share. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 39.88%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the transaction, the director now directly owns 16,533 shares of the company’s stock, valued at $5,031,487.89. This trade represents a 13.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now directly owns 14,674 shares in the company, valued at $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

AJG has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of 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. BMO Capital Markets boosted their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price target on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Barclays upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus price target of $307.00.

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.