Blue Trust Inc. Buys 523 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Blue Trust Inc. grew its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 25.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,568 shares of the financial services provider’s stock after purchasing an additional 523 shares during the quarter. Blue Trust Inc.’s holdings in Arthur J. Gallagher & Co. were worth $723,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new stake in Arthur J. Gallagher & Co. in the second quarter worth about $26,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 87 shares during the period. Quarry LP bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $29,000. Rakuten Securities Inc. grew its stake in Arthur J. Gallagher & Co. by 580.0% in the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 87 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Arthur J. Gallagher & Co. in the fourth quarter worth $35,000. Institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AJG shares. Bank of America upped their target price on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a report on Monday, November 25th. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Finally, Jefferies Financial Group boosted their target price on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. 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. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average price target of $304.07.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $294.47 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $291.81 and a 200-day moving average price of $288.34. Arthur J. Gallagher & Co. has a 52 week low of $227.43 and a 52 week high of $316.72. The firm has a market capitalization of $73.56 billion, a PE ratio of 56.09 and a beta of 0.76.

Arthur J. Gallagher & Co. Increases Dividend

The business 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 $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.88%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

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.