Fort Sheridan Advisors LLC Has $255,000 Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Fort Sheridan Advisors LLC raised its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the financial services provider’s stock after buying an additional 100 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AJG. Wealth Enhancement Advisory Services LLC grew its position in Arthur J. Gallagher & Co. by 21.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock valued at $18,893,000 after acquiring an additional 11,752 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 231.2% in the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after purchasing an additional 618,362 shares during the last quarter. Running Oak Capital LLC increased its position in shares of Arthur J. Gallagher & Co. by 8.9% during the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock worth $13,830,000 after purchasing an additional 3,983 shares in the last quarter. MML Investors Services LLC lifted its holdings in Arthur J. Gallagher & Co. by 1.2% during the 3rd quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock valued at $51,732,000 after purchasing an additional 2,092 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Arthur J. Gallagher & Co. by 16.7% in the fourth quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider’s stock valued at $6,381,000 after buying an additional 3,217 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

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

In related news, Director Sherry S. Barrat sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 16,533 shares in the company, valued at approximately $5,031,487.89. The trade was a 13.14 % 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, CAO Richard C. Cary sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the sale, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,725 shares of company stock valued at $4,972,964. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AJG has been the subject of several recent analyst reports. Truist Financial raised their price objective 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, January 31st. Barclays raised their price target on 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. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $377.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $337.61 on Friday. The company has a market cap of $85.99 billion, a PE ratio of 51.78 and a beta of 0.77. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $338.43. The company’s 50-day moving average is $302.93 and its two-hundred day moving average is $295.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. 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 is currently 39.88%.

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.