Duncker Streett & Co. Inc. Buys 513 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Duncker Streett & Co. Inc. grew its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,563 shares of the financial services provider’s stock after acquiring an additional 513 shares during the period. Arthur J. Gallagher & Co. accounts for about 1.1% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 24th biggest position. Duncker Streett & Co. Inc.’s holdings in Arthur J. Gallagher & Co. were worth $5,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AJG. FMR LLC raised its stake in shares of Arthur J. Gallagher & Co. by 4.9% during the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock worth $3,462,392,000 after buying an additional 580,134 shares during the last quarter. State Street Corp raised its stake in shares of Arthur J. Gallagher & Co. by 0.5% during the third quarter. State Street Corp now owns 8,932,007 shares of the financial services provider’s stock worth $2,513,199,000 after buying an additional 47,656 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 1.5% during 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 stake in shares of 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 worth $899,538,000 after buying an additional 383,130 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 126.2% during the fourth quarter. Principal Financial Group Inc. now owns 2,003,237 shares of the financial services provider’s stock worth $568,619,000 after buying an additional 1,117,441 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Stock Up 1.3 %

Arthur J. Gallagher & Co. stock opened at $337.61 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $302.93 and a 200-day moving average of $295.15. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $338.43. The stock has a market capitalization of $85.99 billion, a PE ratio of 51.78 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.65 dividend. The ex-dividend date is Friday, March 7th. 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 dividend yield of 0.77%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 39.88%.

Insider Activity

In other news, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $322.99, for a total value of $3,229,900.00. Following the transaction, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This represents a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David S. Johnson sold 325 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total transaction of $104,669.50. Following the completion of the transaction, the director now directly owns 44,783 shares in the company, valued at $14,422,812.98. The trade was a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,725 shares of company stock valued at $4,972,964 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AJG has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price target 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. Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Truist Financial boosted their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. The Goldman Sachs Group cut shares of 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. Finally, Keefe, Bruyette & Woods boosted 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 report on Friday, January 31st. 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 stock. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average price target of $307.00.

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.