Triasima Portfolio Management inc. Sells 1,312 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Triasima Portfolio Management inc. reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,842 shares of the financial services provider's stock after selling 1,312 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Arthur J. Gallagher & Co. were worth $4,497,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC lifted its holdings in Arthur J. Gallagher & Co. by 4.9% during the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider's stock worth $3,462,392,000 after buying an additional 580,134 shares during the period. State Street Corp boosted its holdings in Arthur J. Gallagher & Co. by 0.5% in the third quarter. State Street Corp now owns 8,932,007 shares of the financial services provider's stock valued at $2,513,199,000 after acquiring an additional 47,656 shares during the last quarter. Geode Capital Management LLC raised its holdings in Arthur J. Gallagher & Co. by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider's stock worth $1,541,044,000 after purchasing an additional 79,429 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Arthur J. Gallagher & Co. by 13.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider's stock valued at $899,538,000 after purchasing an additional 383,130 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Arthur J. Gallagher & Co. by 2.4% during the third quarter. Janus Henderson Group PLC now owns 1,330,703 shares of the financial services provider's stock worth $374,408,000 after buying an additional 31,181 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Activity at Arthur J. Gallagher & Co.

In other news, Director Sherry S. Barrat sold 2,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the sale, the director now directly owns 16,533 shares of the company's stock, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares of the company's stock, valued at approximately $4,440,499.14. The trade was a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a "market perform" rating in a research note on Friday, January 31st. Barclays increased their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Wells Fargo & Company dropped their price objective on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 target price for the company. in a research report on Monday, November 25th. Finally, TD Cowen upgraded Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and increased their price target for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $307.00.

Arthur J. Gallagher & Co. Stock Down 0.7 %

NYSE:AJG traded down $2.21 on Tuesday, hitting $322.09. The stock had a trading volume of 674,715 shares, compared to its average volume of 1,859,262. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $324.79. The firm's fifty day simple moving average is $292.35 and its two-hundred day simple moving average is $290.85. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. The stock has a market cap of $80.46 billion, a P/E ratio of 49.40 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results 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 return on equity of 16.47% and a net margin of 12.70%. Analysts predict that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.65 per share. 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 dividend yield of 0.81%. The ex-dividend date is Friday, March 7th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 36.81%.

Arthur J. Gallagher & Co. Company 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.