Natixis Advisors LLC Has $81.03 Million Stock Position in Arthur J. Gallagher & Co. $AJG

Natixis Advisors LLC decreased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 6.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 313,122 shares of the financial services provider’s stock after selling 22,126 shares during the period. Natixis Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $81,033,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Arthur J. Gallagher & Co. by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 31,390,446 shares of the financial services provider’s stock valued at $8,123,534,000 after purchasing an additional 217,136 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Arthur J. Gallagher & Co. by 19.6% during the third quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider’s stock valued at $6,299,674,000 after buying an additional 3,330,205 shares in the last quarter. Capital World Investors raised its holdings in Arthur J. Gallagher & Co. by 0.9% during the third quarter. Capital World Investors now owns 11,783,119 shares of the financial services provider’s stock valued at $3,649,477,000 after buying an additional 101,298 shares in the last quarter. State Street Corp raised its holdings in Arthur J. Gallagher & Co. by 1.4% during the third quarter. State Street Corp now owns 10,891,080 shares of the financial services provider’s stock valued at $3,373,403,000 after buying an additional 147,587 shares in the last quarter. Finally, Norges Bank bought a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at about $1,925,062,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 3,800 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the sale, the vice president owned 85,920 shares in the company, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the sale, the vice president owned 19,306 shares in the company, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 10,800 shares of company stock worth $2,391,246. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $205.79 on Wednesday. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $351.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $52.87 billion, a PE ratio of 33.30, a P/E/G ratio of 1.04 and a beta of 0.52. The stock has a 50-day simple moving average of $211.03 and a 200 day simple moving average of $230.45.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The firm’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.67 EPS. Research analysts anticipate that Arthur J. Gallagher & Co. will post 13.26 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be paid a $0.70 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.4%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.31%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AJG shares. UBS Group set a $240.00 target price on Arthur J. Gallagher & Co. in a report on Thursday, May 21st. Keefe, Bruyette & Woods cut their target price on Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating on the stock in a report on Friday, May 1st. Wells Fargo & Company cut their target price on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Piper Sandler cut their target price on Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, BMO Capital Markets upgraded Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and raised their target price for the company from $275.00 to $278.00 in a report on Tuesday, March 24th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $264.00.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.