SRS Capital Advisors Inc. Has $136,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

SRS Capital Advisors Inc. grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 700.0% in the 4th quarter, Holdings Channel reports. The firm owned 480 shares of the financial services provider’s stock after acquiring an additional 420 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $136,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Arthur J. Gallagher & Co. by 27.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,987 shares of the financial services provider’s stock valued at $565,000 after buying an additional 433 shares during the period. Duncker Streett & Co. Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 2.6% in the 4th quarter. Duncker Streett & Co. Inc. now owns 20,563 shares of the financial services provider’s stock valued at $5,837,000 after purchasing an additional 513 shares during the period. Nixon Peabody Trust Co. boosted its position in shares of Arthur J. Gallagher & Co. by 7.3% during the 4th quarter. Nixon Peabody Trust Co. now owns 2,575 shares of the financial services provider’s stock valued at $731,000 after purchasing an additional 175 shares in the last quarter. Metis Global Partners LLC increased its holdings in Arthur J. Gallagher & Co. by 6.2% in the fourth quarter. Metis Global Partners LLC now owns 9,968 shares of the financial services provider’s stock worth $2,829,000 after purchasing an additional 579 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $2,501,000. 85.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

AJG has been the subject of several research analyst reports. Barclays lifted their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Royal Bank of Canada raised 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 report on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of 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. Truist Financial boosted their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Two investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $307.93.

Arthur J. Gallagher & Co. Trading Up 1.1 %

NYSE AJG opened at $341.00 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $306.11 and a 200 day simple moving average of $296.31. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $345.43. The firm has a market capitalization of $86.85 billion, a P/E ratio of 52.30 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating 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, analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS 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. Stockholders of record on Friday, March 7th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.76%. 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. Arthur J. Gallagher & Co.’s payout ratio is presently 39.88%.

Insider Activity

In related news, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,725 shares of company stock valued at $4,972,964 over the last three months. Corporate insiders own 1.60% of the company’s stock.

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.