Catalina Capital Group LLC Purchases 35 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Catalina Capital Group LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,380 shares of the financial services provider’s stock after acquiring an additional 35 shares during the quarter. Catalina Capital Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $959,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position 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 worth $3,462,392,000 after purchasing an additional 580,134 shares during the period. 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 worth $2,513,199,000 after acquiring an additional 47,656 shares during the period. Geode Capital Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 1.5% during the 3rd 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 acquiring an additional 79,429 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Arthur J. Gallagher & Co. by 13.6% in 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 during the period. Finally, Janus Henderson Group PLC raised 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 purchasing an additional 31,181 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $302.20 on Monday. The firm has a 50 day simple moving average of $291.66 and a 200 day simple moving average of $288.82. Arthur J. Gallagher & Co. has a fifty-two week low of $227.43 and a fifty-two week high of $316.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $75.49 billion, a P/E ratio of 57.56 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 10.04 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 an increase 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 0.86%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.71%.

Analysts Set New Price Targets

AJG has been the topic of several analyst reports. BMO Capital Markets upped their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods upped their price target on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a research report on Friday. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a report on Monday, November 25th. Truist Financial upped their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday. Finally, Barclays lifted their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average target price of $307.00.

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.