Fjarde AP Fonden Fourth Swedish National Pension Fund Has $17.51 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 19.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,694 shares of the financial services provider’s stock after acquiring an additional 10,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Arthur J. Gallagher & Co. were worth $17,512,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AJG. Valley National Advisers Inc. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. raised its holdings in Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 87 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 87 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $35,000. Finally, Financial Life Planners acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AJG. Keefe, Bruyette & Woods increased their target price on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. Barclays increased their target price on 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. Truist Financial increased 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. Wells Fargo & Company dropped their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $325.28 on Friday. The company has a market capitalization of $82.85 billion, a PE ratio of 49.89 and a beta of 0.77. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $329.60. The company has a current ratio of 1.51, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $297.95 and its 200 day simple moving average is $293.41.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS 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%. On average, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

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

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 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 of the company’s stock, valued at $5,031,487.89. The trade was a 13.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,725 shares of company stock valued at $4,972,964 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Company 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.