Douglass Winthrop Advisors LLC Sells 489 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Douglass Winthrop Advisors LLC reduced its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,246 shares of the financial services provider’s stock after selling 489 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $8,510,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in Arthur J. Gallagher & Co. in the second quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Arthur J. Gallagher & Co. during the 2nd quarter worth $26,000. Rakuten Securities Inc. lifted its holdings in Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 87 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in Arthur J. Gallagher & Co. in the first quarter valued at about $27,000. Finally, DiNuzzo Private Wealth Inc. raised its position in shares of Arthur J. Gallagher & Co. by 89.7% during the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 52 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $296.20, for a total value of $2,103,020.00. Following the completion of the sale, the president now directly owns 33,267 shares in the company, valued at $9,853,685.40. The trade was a 17.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher E. Mead sold 2,800 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $287.00, for a total value of $803,600.00. Following the transaction, the vice president now owns 14,674 shares in the company, valued at $4,211,438. The trade was a 16.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,900 shares of company stock worth $6,892,280 over the last ninety days. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AJG. Jefferies Financial Group boosted their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays boosted their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday. UBS Group increased their price objective on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Piper Sandler boosted their target price on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, BMO Capital Markets raised their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $289.71.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $304.29 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $288.55 and a 200-day moving average of $277.18. The company has a market cap of $66.76 billion, a PE ratio of 57.96, a price-to-earnings-growth ratio of 2.58 and a beta of 0.72. Arthur J. Gallagher & Co. has a one year low of $218.63 and a one year high of $308.00.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.26. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.00 earnings per share. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 10.12 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.79%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.71%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.