Banque Cantonale Vaudoise Sells 3,700 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Banque Cantonale Vaudoise lowered its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) by 54.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,066 shares of the financial services provider’s stock after selling 3,700 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Arthur J. Gallagher & Co. were worth $578,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AJG. U.S. Capital Wealth Advisors LLC grew its holdings in Arthur J. Gallagher & Co. by 7.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,287 shares of the financial services provider’s stock worth $225,000 after buying an additional 90 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Arthur J. Gallagher & Co. by 49.0% during the first quarter. Canada Pension Plan Investment Board now owns 5,300 shares of the financial services provider’s stock worth $925,000 after buying an additional 1,744 shares in the last quarter. Prudential PLC bought a new stake in Arthur J. Gallagher & Co. during the first quarter worth $838,000. Sequoia Financial Advisors LLC grew its holdings in Arthur J. Gallagher & Co. by 37.7% during the first quarter. Sequoia Financial Advisors LLC now owns 2,532 shares of the financial services provider’s stock worth $442,000 after buying an additional 693 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. grew its holdings in Arthur J. Gallagher & Co. by 25.0% during the first quarter. Candriam Luxembourg S.C.A. now owns 11,184 shares of the financial services provider’s stock worth $1,953,000 after buying an additional 2,235 shares in the last quarter. Institutional investors own 82.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Piper Sandler upped their price objective on Arthur J. Gallagher & Co. from $215.00 to $220.00 in a research note on Friday, April 28th. StockNews.com assumed coverage on Arthur J. Gallagher & Co. in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $225.00 to $230.00 in a research note on Friday, April 28th. Raymond James upped their price objective on Arthur J. Gallagher & Co. from $215.00 to $240.00 in a research note on Monday, May 1st. Finally, Truist Financial upped their price objective on Arthur J. Gallagher & Co. from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, January 30th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.71.

Arthur J. Gallagher & Co. Stock Down 0.4 %

Shares of NYSE AJG opened at $204.32 on Friday. Arthur J. Gallagher & Co. has a one year low of $148.24 and a one year high of $219.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 1.06. The business’s fifty day moving average price is $202.48 and its 200-day moving average price is $195.22. The stock has a market capitalization of $43.78 billion, a PE ratio of 37.91, a P/E/G ratio of 2.23 and a beta of 0.69.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be paid a $0.55 dividend. The ex-dividend date is Thursday, June 1st. This represents a $2.20 annualized dividend and a yield of 1.08%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 40.82%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 2,850 shares of the firm’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $180.98, for a total value of $515,793.00. Following the completion of the transaction, the chief financial officer now owns 90,715 shares in the company, valued at approximately $16,417,600.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Patrick Murphy Gallagher sold 5,051 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $189.34, for a total transaction of $956,356.34. Following the completion of the sale, the vice president now owns 34,134 shares in the company, valued at approximately $6,462,931.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas K. Howell sold 2,850 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $180.98, for a total value of $515,793.00. Following the sale, the chief financial officer now owns 90,715 shares of the company’s stock, valued at approximately $16,417,600.70. The disclosure for this sale can be found here. Insiders sold a total of 125,354 shares of company stock worth $25,882,434 in the last quarter. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Profile

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Arthur J. Gallagher & Co engages in the provision of insurance 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.