GeoWealth Management LLC reduced its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 44.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,086 shares of the financial services provider's stock after selling 1,655 shares during the quarter. GeoWealth Management LLC's holdings in Arthur J. Gallagher & Co. were worth $592,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in AJG. Capital International Ltd. CA increased its holdings in shares of Arthur J. Gallagher & Co. by 5.3% in the fourth quarter. Capital International Ltd. CA now owns 62,895 shares of the financial services provider's stock valued at $17,853,000 after purchasing an additional 3,141 shares during the last quarter. Commerce Bank grew its position in shares of Arthur J. Gallagher & Co. by 3.4% in the fourth quarter. Commerce Bank now owns 24,006 shares of the financial services provider's stock valued at $6,814,000 after purchasing an additional 794 shares during the last quarter. Capital Group Investment Management PTE. LTD. increased its stake in shares of Arthur J. Gallagher & Co. by 2.5% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 13,564 shares of the financial services provider's stock worth $3,850,000 after purchasing an additional 334 shares during the period. Capital International Investors boosted its stake in Arthur J. Gallagher & Co. by 3.1% in the 4th quarter. Capital International Investors now owns 10,067,647 shares of the financial services provider's stock valued at $2,857,737,000 after purchasing an additional 305,876 shares during the period. Finally, Capital International Sarl increased its position in Arthur J. Gallagher & Co. by 9.7% during the 4th quarter. Capital International Sarl now owns 100,731 shares of the financial services provider's stock worth $28,592,000 after buying an additional 8,904 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.
Arthur J. Gallagher & Co. Price Performance
Shares of AJG traded down $9.15 during trading hours on Friday, reaching $322.37. The stock had a trading volume of 2,162,926 shares, compared to its average volume of 1,270,957. The stock has a market capitalization of $82.44 billion, a PE ratio of 49.44 and a beta of 0.64. Arthur J. Gallagher & Co. has a 12 month low of $232.27 and a 12 month high of $350.70. 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 company's 50-day moving average is $330.74 and its two-hundred day moving average is $306.97.
Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced 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 net margin of 12.70% and a return on equity of 16.47%. Research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.
Arthur J. Gallagher & Co. Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.65 dividend. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.'s payout ratio is presently 39.88%.
Insiders Place Their Bets
In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was 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 $30,029,771.80. This trade represents a 7.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,235 shares of company stock worth $7,478,224. 1.60% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
AJG has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a research note on Thursday, April 10th. Truist Financial lifted 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 research report on Friday, January 31st. Keefe, Bruyette & Woods increased their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a research report on Friday, March 21st. Royal Bank of Canada upped their target price 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. Finally, Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $315.27.
Get Our Latest Analysis on AJG
Arthur J. Gallagher & Co. Profile
(
Free Report)
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.
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