Axecap Investments LLC Sells 7,946 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Axecap Investments LLC reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 90.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 800 shares of the financial services provider's stock after selling 7,946 shares during the period. Axecap Investments LLC's holdings in Arthur J. Gallagher & Co. were worth $227,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AJG. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Arthur J. Gallagher & Co. by 288.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,806 shares of the financial services provider's stock valued at $508,000 after purchasing an additional 1,341 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Arthur J. Gallagher & Co. by 3.6% during the third quarter. Exchange Traded Concepts LLC now owns 2,628 shares of the financial services provider's stock valued at $739,000 after purchasing an additional 92 shares during the period. Procyon Advisors LLC increased its position in shares of Arthur J. Gallagher & Co. by 47.4% during the third quarter. Procyon Advisors LLC now owns 2,273 shares of the financial services provider's stock valued at $639,000 after purchasing an additional 731 shares during the period. Creative Planning increased its position in shares of Arthur J. Gallagher & Co. by 4.4% during the third quarter. Creative Planning now owns 59,653 shares of the financial services provider's stock valued at $16,785,000 after purchasing an additional 2,537 shares during the period. Finally, Occidental Asset Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 3.9% during the third quarter. Occidental Asset Management LLC now owns 2,969 shares of the financial services provider's stock valued at $835,000 after purchasing an additional 112 shares during the period. 85.53% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Sherry S. Barrat sold 2,500 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the transaction, the director now directly owns 16,533 shares of the company's stock, valued at $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the transaction, the vice president now directly owns 14,674 shares of the company's stock, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,725 shares of company stock valued at $4,972,964 over the last 90 days. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock traded down $6.97 on Friday, reaching $321.59. The company's stock had a trading volume of 2,079,535 shares, compared to its average volume of 1,849,208. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. The company has a market cap of $80.33 billion, a price-to-earnings ratio of 49.32 and a beta of 0.77. The business's fifty day moving average price is $293.45 and its 200 day moving average price is $291.61. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $329.60.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio is 36.81%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AJG. Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a "market perform" rating in a research report on Friday, January 31st. Truist Financial boosted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research report on Friday, January 31st. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price target on the stock. in a research note on Monday, November 25th. Piper Sandler raised Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. 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 stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $307.00.

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.