Baader Bank Aktiengesellschaft Lowers Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Baader Bank Aktiengesellschaft lessened its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 721 shares of the financial services provider’s stock after selling 108 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Arthur J. Gallagher & Co. were worth $204,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ibex Wealth Advisors purchased a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $1,163,000. Invesco LLC raised its holdings in Arthur J. Gallagher & Co. by 3.3% in the fourth quarter. Invesco LLC now owns 1,859 shares of the financial services provider’s stock worth $528,000 after buying an additional 59 shares during the last quarter. Swedbank AB grew its holdings in shares of Arthur J. Gallagher & Co. by 9.3% during the fourth quarter. Swedbank AB now owns 13,790 shares of the financial services provider’s stock valued at $3,914,000 after buying an additional 1,173 shares during the last quarter. Allen Capital Group LLC increased its position in shares of Arthur J. Gallagher & Co. by 17.6% during the fourth quarter. Allen Capital Group LLC now owns 1,570 shares of the financial services provider’s stock valued at $446,000 after acquiring an additional 235 shares in the last quarter. Finally, Iams Wealth Management LLC raised its holdings in Arthur J. Gallagher & Co. by 65.0% in the 4th quarter. Iams Wealth Management LLC now owns 7,962 shares of the financial services provider’s stock worth $2,260,000 after acquiring an additional 3,138 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on AJG shares. BMO Capital Markets lifted their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a report on Friday. Keefe, Bruyette & Woods upped their target price on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a research note on Friday. Jefferies Financial Group lifted their price target on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a research report on Monday, November 25th. Two investment 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, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $307.00.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $302.20 on Friday. The stock has a market cap of $75.49 billion, a P/E ratio of 57.56 and a beta of 0.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average is $291.70 and its 200 day moving average is $288.46. Arthur J. Gallagher & Co. has a one year low of $227.43 and a one year high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.04 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.65 dividend. The ex-dividend date is Friday, March 7th. This is a boost 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 0.86%. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.71%.

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.