Thrivent Financial for Lutherans Has $15.85 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Thrivent Financial for Lutherans trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,646 shares of the financial services provider's stock after selling 9,892 shares during the period. Thrivent Financial for Lutherans' holdings in Arthur J. Gallagher & Co. were worth $15,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AJG. Catalina Capital Group LLC raised its position in shares of 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 worth $959,000 after buying an additional 35 shares in the last quarter. Greenleaf Trust increased its stake 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 acquiring an additional 36 shares during the period. HBK Sorce Advisory LLC lifted its position in Arthur J. Gallagher & Co. by 3.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock worth $333,000 after purchasing an additional 36 shares during the period. Brendel Financial Advisors LLC boosted its stake in Arthur J. Gallagher & Co. by 0.5% during the 4th 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 in the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of Arthur J. Gallagher & Co. by 4.4% during the 3rd quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider's stock valued at $261,000 after purchasing an additional 39 shares during the period. 85.53% of the stock is currently owned by institutional investors.

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Arthur J. Gallagher & Co. Stock Down 0.2 %

NYSE AJG traded down $0.80 during trading on Wednesday, reaching $336.56. 1,351,202 shares of the company's stock were exchanged, compared to its average volume of 1,150,451. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $345.43. The company's fifty day simple moving average is $318.98 and its 200-day simple moving average is $300.11. The firm has a market capitalization of $85.72 billion, a PE ratio of 51.62 and a beta of 0.75.

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 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%. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.77%. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 7th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 39.88%.

Analyst Ratings Changes

Several brokerages recently weighed in on AJG. Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a report on Friday, March 21st. Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday. They issued a "neutral" rating and a $352.00 price objective on the stock. TD Cowen raised shares of 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 research note on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, Truist Financial increased their price objective on 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $313.20.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, February 10th. The shares were 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 in the company, valued at $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,235 shares of company stock valued at $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.