Moody National Bank Trust Division Sells 431 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Moody National Bank Trust Division decreased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,472 shares of the financial services provider’s stock after selling 431 shares during the quarter. Moody National Bank Trust Division’s holdings in Arthur J. Gallagher & Co. were worth $2,121,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Arthur J. Gallagher & Co. by 21.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock worth $18,893,000 after acquiring an additional 11,752 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Arthur J. Gallagher & Co. by 15.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock valued at $30,450,000 after purchasing an additional 14,860 shares during the last quarter. Principal Financial Group Inc. lifted its position in Arthur J. Gallagher & Co. by 231.2% in the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after buying an additional 618,362 shares during the last quarter. MML Investors Services LLC boosted its stake in Arthur J. Gallagher & Co. by 1.2% during the third quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock worth $51,732,000 after buying an additional 2,092 shares during the period. Finally, MQS Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the third quarter valued at $749,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on AJG shares. Wells Fargo & Company boosted their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Barclays raised their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Truist Financial upped their price objective on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a report on Friday, September 20th. 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 report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and reduced their target price for the stock from $292.00 to $286.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $304.07.

Arthur J. Gallagher & Co. Trading Up 0.2 %

NYSE:AJG traded up $0.63 during trading hours on Monday, reaching $287.64. 795,934 shares of the stock were exchanged, compared to its average volume of 2,349,361. Arthur J. Gallagher & Co. has a twelve month low of $227.08 and a twelve month high of $316.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $291.69 and a two-hundred day moving average of $285.94. The company has a market capitalization of $71.85 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 2.41 and a beta of 0.76.

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

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.83%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.71%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

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.