Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Donor Advised Charitable Giving Inc.

Donor Advised Charitable Giving Inc. lowered its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,030 shares of the financial services provider’s stock after selling 3,450 shares during the period. Arthur J. Gallagher & Co. comprises 0.1% of Donor Advised Charitable Giving Inc.’s holdings, making the stock its 4th biggest holding. Donor Advised Charitable Giving Inc.’s holdings in Arthur J. Gallagher & Co. were worth $4,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at $210,000. Canada Pension Plan Investment Board increased its position in shares of Arthur J. Gallagher & Co. by 3.2% in the second quarter. Canada Pension Plan Investment Board now owns 63,539 shares of the financial services provider’s stock worth $16,476,000 after acquiring an additional 1,972 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 439.7% during the second quarter. AE Wealth Management LLC now owns 9,100 shares of the financial services provider’s stock valued at $2,360,000 after acquiring an additional 7,414 shares during the period. Sei Investments Co. lifted its position in shares of Arthur J. Gallagher & Co. by 3.1% in the 2nd quarter. Sei Investments Co. now owns 200,571 shares of the financial services provider’s stock valued at $52,012,000 after acquiring an additional 6,003 shares in the last quarter. Finally, Summit Trail Advisors LLC acquired a new position in Arthur J. Gallagher & Co. in the 2nd quarter worth approximately $208,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AJG. BMO Capital Markets increased their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Bank of America lifted their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upgraded shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $292.00 to $286.00 in a report on Friday, January 10th. Finally, Barclays upped 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $304.07.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,800 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,211,438. This represents a 16.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,626,666.10. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG opened at $295.22 on Monday. The business’s 50-day simple moving average is $291.99 and its 200-day simple moving average is $287.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 52 week low of $227.08 and a 52 week high of $316.72. The firm has a market cap of $73.75 billion, a price-to-earnings ratio of 56.23 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts’ consensus estimates of $2.26. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 earnings per share. As a group, equities research analysts expect that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, December 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.71%.

About Arthur J. Gallagher & Co.

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.