Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 42.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,352 shares of the financial services provider’s stock after selling 25,546 shares during the quarter. Intech Investment Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $9,751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AJG. Catalina Capital Group LLC increased its stake in shares of Arthur J. Gallagher & Co. by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after acquiring an additional 35 shares during the period. Greenleaf Trust boosted its holdings in 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 worth $940,000 after buying an additional 36 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in Arthur J. Gallagher & Co. by 3.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock worth $333,000 after buying an additional 36 shares in the last quarter. Brendel Financial Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 0.5% during the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock worth $2,054,000 after buying an additional 38 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in Arthur J. Gallagher & Co. by 4.4% during the third quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider’s stock worth $261,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

AJG has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $295.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. Wells Fargo & Company reduced their target price on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a report on Friday, January 31st. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Truist Financial raised their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a research note on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $307.93.

Insider Activity

In other news, Director David S. Johnson sold 325 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total transaction of $104,669.50. Following the transaction, the director now owns 44,783 shares in the company, valued at approximately $14,422,812.98. This trade represents a 0.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at $22,536,304.26. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,725 shares of company stock worth $4,972,964. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Up 1.3 %

AJG stock opened at $329.32 on Tuesday. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $345.43. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a market cap of $83.88 billion, a price-to-earnings ratio of 50.51 and a beta of 0.75. The company has a 50 day moving average of $313.21 and a two-hundred day moving average of $298.48.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 39.88%.

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.