Exencial Wealth Advisors LLC Sells 1,264 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Exencial Wealth Advisors LLC trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 74,978 shares of the financial services provider's stock after selling 1,264 shares during the period. Arthur J. Gallagher & Co. makes up about 0.8% of Exencial Wealth Advisors LLC's investment portfolio, making the stock its 26th biggest position. Exencial Wealth Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $21,283,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in Arthur J. Gallagher & Co. by 126.2% in the fourth quarter. Principal Financial Group Inc. now owns 2,003,237 shares of the financial services provider's stock valued at $568,619,000 after acquiring an additional 1,117,441 shares during the period. FMR LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 4.9% in the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider's stock worth $3,462,392,000 after purchasing an additional 580,134 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Arthur J. Gallagher & Co. by 6,581.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider's stock worth $124,174,000 after purchasing an additional 430,917 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Arthur J. Gallagher & Co. by 13.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider's stock valued at $899,538,000 after purchasing an additional 383,130 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in Arthur J. Gallagher & Co. by 33,892.4% in the fourth quarter. Proficio Capital Partners LLC now owns 269,220 shares of the financial services provider's stock valued at $76,418,000 after buying an additional 268,428 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, 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 value of $3,229,900.00. Following the completion of the sale, the chief accounting officer now owns 69,774 shares of the company's stock, valued at approximately $22,536,304.26. This trade represents a 12.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherry S. Barrat sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the transaction, the director now directly owns 16,533 shares of the company's stock, valued at $5,031,487.89. The trade was a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,725 shares of company stock worth $4,972,964 over the last quarter. Corporate insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Stock Up 0.2 %

Shares of AJG traded up $0.80 on Thursday, reaching $341.59. The company's stock had a trading volume of 253,123 shares, compared to its average volume of 1,101,092. The stock has a market capitalization of $87.00 billion, a PE ratio of 52.37 and a beta of 0.77. 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. has a twelve month low of $230.08 and a twelve month high of $359.45. The firm has a fifty day moving average of $306.11 and a 200-day moving average of $296.31.

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 earnings per share 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%. Equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.65 dividend. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.76%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 39.88%.

Wall Street Analysts Forecast Growth

AJG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $295.00 to $308.00 and gave the company a "market perform" rating in a report on Wednesday. Wells Fargo & Company reduced their target price 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 boosted their price objective for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price objective for the company. in a report on Monday, November 25th. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and lifted their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $307.93.

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.