Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Advisor OS LLC

Advisor OS LLC cut its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,473 shares of the financial services provider’s stock after selling 604 shares during the quarter. Advisor OS LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,270,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lake Street Advisors Group LLC raised its stake in Arthur J. Gallagher & Co. by 6.5% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,123 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 69 shares during the last quarter. LGL Partners LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 11.9% in the fourth quarter. LGL Partners LLC now owns 892 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 95 shares during the period. FFT Wealth Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 99.6% during the fourth quarter. FFT Wealth Management LLC now owns 1,569 shares of the financial services provider’s stock worth $445,000 after purchasing an additional 783 shares during the period. Amalgamated Bank grew its position in Arthur J. Gallagher & Co. by 12.2% in the 4th quarter. Amalgamated Bank now owns 48,372 shares of the financial services provider’s stock valued at $13,730,000 after buying an additional 5,274 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Arthur J. Gallagher & Co. by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,455,254 shares of the financial services provider’s stock valued at $413,074,000 after buying an additional 47,585 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AJG. Barclays lifted their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods increased their target price on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a report on Monday, November 25th. Finally, Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Stock Up 1.1 %

AJG stock opened at $332.06 on Wednesday. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $332.69. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $84.57 billion, a P/E ratio of 50.93 and a beta of 0.77. The firm has a 50-day moving average price of $299.78 and a 200-day moving average price of $294.16.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 30th. The financial services provider reported $2.13 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%. As a group, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company 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 $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 36.81%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Richard C. Cary sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction 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 sale, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This represents a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,725 shares of company stock worth $4,972,964. 1.60% of the stock is owned by corporate insiders.

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.