Boston Partners Trims Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Boston Partners cut its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 677,113 shares of the financial services provider's stock after selling 208,978 shares during the quarter. Boston Partners owned 0.27% of Arthur J. Gallagher & Co. worth $192,541,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Arthur J. Gallagher & Co. by 21.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider's stock worth $18,893,000 after buying an additional 11,752 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Arthur J. Gallagher & Co. by 231.2% during the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider's stock worth $249,237,000 after buying an additional 618,362 shares in the last quarter. Running Oak Capital LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock valued at $13,830,000 after purchasing an additional 3,983 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 1.2% in the 3rd quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider's stock valued at $51,732,000 after purchasing an additional 2,092 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Arthur J. Gallagher & Co. by 16.7% in the 4th quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider's stock valued at $6,381,000 after purchasing an additional 3,217 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the sale, the director now owns 44,783 shares in the company, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher E. Mead sold 2,900 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the sale, the vice president now owns 14,674 shares of the company's stock, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock worth $7,478,224 over the last 90 days. Company insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AJG shares. Truist Financial raised their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a report on Friday, January 31st. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Royal Bank of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods increased their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a "market perform" rating in a research report on Friday. Finally, TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and increased their target price for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $310.43.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock traded down $2.42 during midday trading on Friday, hitting $332.02. 2,675,702 shares of the company's stock were exchanged, compared to its average volume of 1,147,473. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $345.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $84.57 billion, a price-to-earnings ratio of 50.92 and a beta of 0.75. The firm's 50 day simple moving average is $316.96 and its 200 day simple moving average is $299.50.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released 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 net margin of 12.70% and a return on equity of 16.47%. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.78%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) 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.