Envestnet Asset Management Inc. Grows Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Envestnet Asset Management Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,478,054 shares of the financial services provider’s stock after acquiring an additional 56,804 shares during the quarter. Envestnet Asset Management Inc. owned about 0.59% of Arthur J. Gallagher & Co. worth $419,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Valley National Advisers Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $25,000. MRP Capital Investments LLC acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $28,000. New Age Alpha Advisors LLC increased its stake in Arthur J. Gallagher & Co. by 81.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after buying an additional 49 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $35,000. Finally, Financial Life Planners acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $36,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AJG has been the subject of a number of analyst reports. Truist Financial increased their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research note on Friday, March 21st. Wells Fargo & Company lifted their price target on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Finally, Piper Sandler upgraded shares of 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 report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $313.20.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction on 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 sale, the director now 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 filing with the SEC, which is available at this hyperlink. Also, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock valued at $7,478,224 over the last three months. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Trading Down 7.4 %

Arthur J. Gallagher & Co. stock opened at $318.97 on Friday. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $350.70. 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 firm has a market capitalization of $81.57 billion, a price-to-earnings ratio of 48.92 and a beta of 0.75. The company has a 50 day moving average price of $326.40 and a 200 day moving average price of $302.45.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results 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%. Research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.65 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.82%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 39.88%.

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