Quantinno Capital Management LP Has $3.77 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Quantinno Capital Management LP grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 33.0% during the 4th quarter, HoldingsChannel reports. The firm owned 13,282 shares of the financial services provider’s stock after purchasing an additional 3,292 shares during the quarter. Quantinno Capital Management LP’s holdings in Arthur J. Gallagher & Co. were worth $3,770,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AJG. Running Oak Capital LLC lifted its stake in Arthur J. Gallagher & Co. by 8.9% in the 4th 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. Red Spruce Capital LLC bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth $298,000. Hartford Investment Management Co. increased its holdings in Arthur J. Gallagher & Co. by 11.1% in the 4th quarter. Hartford Investment Management Co. now owns 15,434 shares of the financial services provider’s stock worth $4,381,000 after purchasing an additional 1,537 shares in the last quarter. Iams Wealth Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 65.0% during the fourth quarter. Iams Wealth Management LLC now owns 7,962 shares of the financial services provider’s stock valued at $2,260,000 after purchasing an additional 3,138 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in shares of Arthur J. Gallagher & Co. by 4.0% during the fourth quarter. Retirement Systems of Alabama now owns 181,269 shares of the financial services provider’s stock worth $51,453,000 after purchasing an additional 6,905 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the transaction, the vice president now directly owns 90,020 shares in the company, valued at $30,029,771.80. This trade represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AJG. Jefferies Financial Group cut their target price on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Keefe, Bruyette & Woods lifted their price target on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a “market perform” rating in a report on Friday, May 2nd. Royal Bank of Canada boosted their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Truist Financial lifted 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. Finally, Wells Fargo & Company upped their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $318.57.

Arthur J. Gallagher & Co. Stock Up 1.1%

Shares of Arthur J. Gallagher & Co. stock opened at $342.12 on Monday. The firm has a market cap of $87.62 billion, a price-to-earnings ratio of 52.47 and a beta of 0.78. The stock’s 50-day moving average is $330.80 and its 200 day moving average is $312.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. Arthur J. Gallagher & Co. has a one year low of $244.60 and a one year high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping the consensus estimate of $3.57 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the firm posted $3.45 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 37.63%.

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