Invesco Ltd. Sells 34,252 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Invesco Ltd. trimmed its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,897,042 shares of the financial services provider's stock after selling 34,252 shares during the quarter. Invesco Ltd. owned 0.76% of Arthur J. Gallagher & Co. worth $538,475,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AJG. Catalina Capital Group LLC boosted its stake in Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock valued at $959,000 after purchasing an additional 35 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Arthur J. Gallagher & Co. by 1.1% during the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock valued at $940,000 after purchasing an additional 36 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in Arthur J. Gallagher & Co. by 3.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock worth $333,000 after buying an additional 36 shares in the last quarter. Brendel Financial Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.5% during the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider's stock valued at $2,054,000 after purchasing an additional 38 shares during the last quarter. Finally, Tucker Asset Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.0% during the 4th quarter. Tucker Asset Management LLC now owns 1,419 shares of the financial services provider's stock valued at $403,000 after buying an additional 41 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, CAO Richard C. Cary sold 10,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the sale, the chief accounting officer now owns 69,774 shares of the company's stock, valued at $22,536,304.26. This represents a 12.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Scott R. Hudson sold 7,510 shares of the business'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 completion of the sale, the vice president now owns 90,020 shares in the company, valued at approximately $30,029,771.80. This trade represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,235 shares of company stock worth $7,478,224. Corporate insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AJG shares. TD Cowen raised 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 report on Friday, January 10th. Jefferies Financial Group dropped their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a report on Friday. Wells Fargo & Company upped their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a report on Thursday. Barclays lifted 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 research note on Friday. Finally, Truist Financial upped their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and an average price target of $315.27.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG traded up $8.99 during trading hours on Monday, reaching $343.01. The company's stock had a trading volume of 192,462 shares, compared to its average volume of 1,254,711. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $350.70. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $87.72 billion, a price-to-earnings ratio of 52.61 and a beta of 0.64. The firm's 50-day moving average price is $329.06 and its 200-day moving average price is $304.34.

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%. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.65 per share. 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 dividend on an annualized basis and a dividend yield of 0.76%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 39.88%.

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.