Douglass Winthrop Advisors LLC Sells 853 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Douglass Winthrop Advisors LLC trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,393 shares of the financial services provider's stock after selling 853 shares during the period. Douglass Winthrop Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $8,343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AJG. Whittier Trust Co. raised its holdings in Arthur J. Gallagher & Co. by 0.4% in the fourth quarter. Whittier Trust Co. now owns 11,665 shares of the financial services provider's stock worth $3,311,000 after purchasing an additional 49 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Arthur J. Gallagher & Co. by 11.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,116 shares of the financial services provider's stock worth $15,077,000 after buying an additional 5,420 shares during the period. Teacher Retirement System of Texas lifted its holdings in Arthur J. Gallagher & Co. by 546.9% during the fourth quarter. Teacher Retirement System of Texas now owns 54,389 shares of the financial services provider's stock worth $15,438,000 after acquiring an additional 45,981 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in Arthur J. Gallagher & Co. by 11.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 139,641 shares of the financial services provider's stock valued at $39,637,000 after acquiring an additional 13,997 shares during the period. Finally, Maryland State Retirement & Pension System increased its holdings in shares of Arthur J. Gallagher & Co. by 7.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 13,228 shares of the financial services provider's stock worth $3,755,000 after acquiring an additional 873 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Truist Financial upped their price target 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 raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. TD Cowen upgraded Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and increased their target price for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Finally, 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 report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $313.20.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded down $0.12 during mid-day trading on Tuesday, reaching $337.55. 1,426,982 shares of the company's stock were exchanged, compared to its average volume of 1,147,627. 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 firm has a market capitalization of $85.97 billion, a PE ratio of 51.77 and a beta of 0.75. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $345.43. The business's fifty day simple moving average is $318.01 and its two-hundred day simple moving average is $299.81.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share 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%. Analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were 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 was Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.77%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 39.88%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction on 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 sale, the vice president now owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the business'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 sale, the chief accounting officer now owns 69,774 shares in the company, valued at $22,536,304.26. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,235 shares of company stock valued at $7,478,224. Corporate insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. 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.