Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by GAM Holding AG

GAM Holding AG lessened its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,993 shares of the financial services provider’s stock after selling 1,226 shares during the quarter. GAM Holding AG’s holdings in Arthur J. Gallagher & Co. were worth $3,404,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. D.A. Davidson & CO. raised its holdings in shares of Arthur J. Gallagher & Co. by 3.3% during the fourth quarter. D.A. Davidson & CO. now owns 2,940 shares of the financial services provider’s stock worth $835,000 after purchasing an additional 95 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Arthur J. Gallagher & Co. by 12.1% during the fourth quarter. CIBC Asset Management Inc now owns 48,314 shares of the financial services provider’s stock valued at $13,714,000 after buying an additional 5,198 shares during the last quarter. Pittenger & Anderson Inc. raised its stake in Arthur J. Gallagher & Co. by 2.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 18,702 shares of the financial services provider’s stock valued at $5,309,000 after acquiring an additional 478 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Arthur J. Gallagher & Co. by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 54,485 shares of the financial services provider’s stock valued at $16,293,000 after purchasing an additional 1,361 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $103,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David S. Johnson sold 325 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total transaction of $104,669.50. Following the completion of the transaction, the director now directly owns 44,783 shares in the company, valued at approximately $14,422,812.98. This represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,725 shares of company stock valued at $4,972,964. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AJG shares. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price target for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Barclays raised their target price on 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. Wells Fargo & Company dropped their price target on shares of 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. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. Two equities research 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. Based on data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Trading Down 2.1 %

Arthur J. Gallagher & Co. stock opened at $321.59 on Tuesday. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $329.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. The firm has a market capitalization of $80.33 billion, a price-to-earnings ratio of 49.32 and a beta of 0.77. The company has a 50 day moving average price of $293.94 and a 200 day moving average price of $292.01.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates 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%. Research analysts forecast that Arthur J. Gallagher & Co. will post 11.4 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.65 per share. 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 36.81%.

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.