CenterBook Partners LP Lowers Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

CenterBook Partners LP trimmed its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 42.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,904 shares of the financial services provider's stock after selling 3,672 shares during the quarter. CenterBook Partners LP's holdings in Arthur J. Gallagher & Co. were worth $1,392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. DRW Securities LLC grew its position in shares of Arthur J. Gallagher & Co. by 27.9% in the 4th quarter. DRW Securities LLC now owns 13,228 shares of the financial services provider's stock worth $3,755,000 after buying an additional 2,882 shares during the last quarter. Winslow Capital Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $719,489,000. APG Asset Management N.V. boosted its stake in Arthur J. Gallagher & Co. by 223.5% in the 4th quarter. APG Asset Management N.V. now owns 348,034 shares of the financial services provider's stock worth $95,403,000 after purchasing an additional 240,447 shares in the last quarter. Advisory Services Network LLC increased its stake in Arthur J. Gallagher & Co. by 1.8% during the 4th quarter. Advisory Services Network LLC now owns 8,353 shares of the financial services provider's stock valued at $2,371,000 after purchasing an additional 149 shares in the last quarter. Finally, RiverGlades Family Offices LLC increased its position in shares of Arthur J. Gallagher & Co. by 5.1% in the 4th quarter. RiverGlades Family Offices LLC now owns 1,863 shares of the financial services provider's stock valued at $529,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have commented on AJG shares. Jefferies Financial Group decreased their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday. 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 report on Friday, January 31st. Truist Financial lifted their target price 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. Barclays increased their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and lifted their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $315.27.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the firm's 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 directly owns 69,774 shares of the company's stock, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott R. Hudson sold 7,510 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the sale, the vice president now directly owns 90,020 shares of the company's stock, valued at $30,029,771.80. This represents a 7.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,235 shares of company stock worth $7,478,224. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG traded down $7.72 during mid-day trading on Tuesday, hitting $335.20. The stock had a trading volume of 1,312,856 shares, compared to its average volume of 1,695,441. The firm's 50 day moving average is $329.61 and its 200 day moving average is $304.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $85.72 billion, a price-to-earnings ratio of 51.41 and a beta of 0.64. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS 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 research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.65 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.78%. Arthur J. Gallagher & Co.'s dividend 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.