Nicolet Advisory Services LLC Has $340,000 Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Nicolet Advisory Services LLC increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 18.7% during the fourth quarter, Holdings Channel reports. The fund owned 1,183 shares of the financial services provider’s stock after acquiring an additional 186 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Arthur J. Gallagher & Co. were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AJG. Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 purchasing an additional 11,752 shares during the last quarter. Principal Financial Group Inc. grew its stake in 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 valued at $249,237,000 after buying an additional 618,362 shares during the last quarter. Running Oak Capital LLC raised its holdings in Arthur J. Gallagher & Co. by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock valued at $13,830,000 after acquiring an additional 3,983 shares during the period. MML Investors Services LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.2% during the third quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock worth $51,732,000 after acquiring an additional 2,092 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of 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 purchasing an additional 3,217 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $318.97 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $350.70. The stock has a market capitalization of $81.57 billion, a P/E ratio of 48.92 and a beta of 0.75. The stock has a fifty day moving average of $326.40 and a 200-day moving average of $302.40.

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%. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

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

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sherry S. Barrat sold 2,500 shares of the firm’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 of the company’s stock, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,235 shares of company stock worth $7,478,224. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Royal Bank of Canada upped their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. TD Cowen upgraded 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 research note on Friday, January 10th. Keefe, Bruyette & Woods increased their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a research report on Friday, March 21st. Finally, Wells Fargo & Company raised their target price on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus price target of $313.20.

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