Arthur J. Gallagher & Co. (NYSE:AJG) Stock Holdings Decreased by Mackay Shields LLC

Mackay Shields LLC lowered its stake in Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,890 shares of the financial services provider’s stock after selling 380 shares during the period. Mackay Shields LLC’s holdings in Arthur J. Gallagher & Co. were worth $5,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its position in shares of Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. Baillie Gifford & Co. now owns 8,120,836 shares of the financial services provider’s stock worth $1,377,862,000 after purchasing an additional 43,307 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,906,825 shares of the financial services provider’s stock worth $579,646,000 after purchasing an additional 177,645 shares during the last quarter. Findlay Park Partners LLP increased its position in shares of Arthur J. Gallagher & Co. by 12.6% in the 3rd quarter. Findlay Park Partners LLP now owns 2,463,110 shares of the financial services provider’s stock worth $366,141,000 after purchasing an additional 275,780 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Arthur J. Gallagher & Co. by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,443,532 shares of the financial services provider’s stock worth $363,230,000 after purchasing an additional 19,102 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Arthur J. Gallagher & Co. by 2.9% in the 3rd quarter. Invesco Ltd. now owns 2,303,305 shares of the financial services provider’s stock valued at $342,387,000 after buying an additional 63,891 shares during the period. 80.78% of the stock is owned by institutional investors.

Several research firms have recently commented on AJG. UBS Group began coverage on shares of Arthur J. Gallagher & Co. in a report on Monday. They issued a “neutral” rating and a $192.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $193.00 to $209.00 and gave the company an “overweight” rating in a report on Tuesday, April 12th. William Blair reaffirmed an “outperform” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, January 27th. Royal Bank of Canada decreased their price target on shares of Arthur J. Gallagher & Co. from $170.00 to $160.00 in a report on Friday, January 28th. Finally, Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $173.59.

Shares of NYSE:AJG opened at $180.61 on Monday. The company has a 50 day moving average of $164.27 and a 200-day moving average of $162.88. The firm has a market cap of $37.86 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.25 and a beta of 0.71. Arthur J. Gallagher & Co. has a twelve month low of $133.44 and a twelve month high of $184.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last issued its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. Arthur J. Gallagher & Co. had a net margin of 11.10% and a return on equity of 14.07%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 7.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Friday, March 4th were issued a $0.51 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, March 3rd. Arthur J. Gallagher & Co.’s payout ratio is presently 46.26%.

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $162.00, for a total value of $1,215,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Scott R. Hudson sold 42,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $158.03, for a total transaction of $6,732,078.00. The disclosure for this sale can be found here. Insiders sold a total of 131,217 shares of company stock worth $20,447,149 over the last quarter. Insiders own 1.40% of the company’s stock.

About Arthur J. Gallagher & Co. (Get Rating)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

Featured Articles

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJGGet Rating).

Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.