Cigna Investments Inc. New Purchases 290 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Cigna Investments Inc. New lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,527 shares of the financial services provider’s stock after buying an additional 290 shares during the quarter. Cigna Investments Inc. New’s holdings in Arthur J. Gallagher & Co. were worth $718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $25,000. Rakuten Securities Inc. raised 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 valued at $29,000 after buying an additional 87 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its stake in Arthur J. Gallagher & Co. by 543.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after buying an additional 87 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at about $35,000. Finally, Financial Life Planners purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth about $36,000. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the subject of several research analyst reports. Truist Financial raised their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a report on Monday, November 25th. Barclays lifted their price target on 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. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their price objective on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $307.00.

Arthur J. Gallagher & Co. Trading Up 0.6 %

Shares of NYSE AJG opened at $324.25 on Tuesday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $324.79. The stock has a market capitalization of $81.00 billion, a PE ratio of 49.73 and a beta of 0.77. The company has a current ratio of 1.51, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $292.02 and a 200-day simple moving average of $290.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data 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 return on equity of 16.47% and a net margin of 12.70%. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 11.4 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. Shareholders of record on Friday, March 7th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.80%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 36.81%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the sale, the director now owns 16,533 shares in the company, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction 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 in the company, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. 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.