American Century Companies Inc. Sells 101,545 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

American Century Companies Inc. lessened its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 84.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,055 shares of the financial services provider's stock after selling 101,545 shares during the quarter. American Century Companies Inc.'s holdings in Arthur J. Gallagher & Co. were worth $5,409,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AJG. Catalina Capital Group LLC boosted its position in shares of Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock valued at $959,000 after purchasing an additional 35 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.1% during the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock worth $940,000 after purchasing an additional 36 shares during the period. HBK Sorce Advisory LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock valued at $333,000 after acquiring an additional 36 shares in the last quarter. Brendel Financial Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.5% during the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider's stock worth $2,054,000 after acquiring an additional 38 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC increased its position in Arthur J. Gallagher & Co. by 2.3% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,911 shares of the financial services provider's stock worth $542,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have recently weighed in on AJG shares. Royal Bank of Canada lifted their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Wells Fargo & Company boosted their target price on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Keefe, Bruyette & Woods raised their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a "market perform" rating in a report on Friday, March 21st. Finally, Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $313.20.

Insider Buying and Selling

In other news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the sale, the vice president now directly owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. This trade represents a 7.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now directly owns 14,674 shares in the company, valued at $4,440,499.14. The trade was a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,235 shares of company stock valued at $7,478,224 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Down 2.7 %

Shares of Arthur J. Gallagher & Co. stock traded down $8.56 on Monday, reaching $310.69. 3,403,598 shares of the company were exchanged, compared to its average volume of 1,243,013. The company has a market capitalization of $79.45 billion, a price-to-earnings ratio of 47.65 and a beta of 0.64. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $354.45. The company has a 50-day moving average of $326.40 and a 200 day moving average of $302.52. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.65 dividend. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.'s payout ratio is 39.88%.

Arthur J. Gallagher & Co. Company 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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.