Settian Capital LP Has $568,000 Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Settian Capital LP lessened its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,000 shares of the financial services provider's stock after selling 1,000 shares during the quarter. Arthur J. Gallagher & Co. accounts for about 0.4% of Settian Capital LP's investment portfolio, making the stock its 29th largest holding. Settian Capital LP's holdings in Arthur J. Gallagher & Co. were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AJG. FMR LLC raised its stake in shares of Arthur J. Gallagher & Co. by 4.9% in the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider's stock valued at $3,462,392,000 after acquiring an additional 580,134 shares during the period. State Street Corp increased its holdings in Arthur J. Gallagher & Co. by 0.5% in the 3rd quarter. State Street Corp now owns 8,932,007 shares of the financial services provider's stock valued at $2,513,199,000 after purchasing an additional 47,656 shares in the last quarter. Geode Capital Management LLC raised its position in Arthur J. Gallagher & Co. by 1.5% in the third quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider's stock valued at $1,541,044,000 after purchasing an additional 79,429 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Arthur J. Gallagher & Co. by 13.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider's stock worth $899,538,000 after purchasing an additional 383,130 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,029,256 shares of the financial services provider's stock worth $576,004,000 after buying an additional 184,960 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

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Arthur J. Gallagher & Co. Stock Up 1.9 %

NYSE:AJG traded up $6.31 during trading hours on Monday, hitting $338.10. 1,226,366 shares of the company's stock traded hands, compared to its average volume of 1,147,788. The stock's fifty day moving average price is $318.01 and its two-hundred day moving average price is $299.81. The firm has a market cap of $86.11 billion, a P/E ratio of 51.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $345.43.

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 earnings per share for the quarter, topping 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%. On average, research analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.77%. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 39.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price objective for the company. in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a report on Friday. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and raised their price target for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an "overweight" rating in a report on Friday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $310.43.

Insider Transactions at Arthur J. Gallagher & Co.

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

About Arthur J. Gallagher & Co.

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.