Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Findlay Park Partners LLP

Findlay Park Partners LLP reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) by 19.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,626,209 shares of the financial services provider’s stock after selling 398,113 shares during the quarter. Arthur J. Gallagher & Co. makes up approximately 3.3% of Findlay Park Partners LLP’s portfolio, making the stock its 7th biggest position. Findlay Park Partners LLP’s holdings in Arthur J. Gallagher & Co. were worth $306,605,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AJG. Profund Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 2.4% in the fourth quarter. Profund Advisors LLC now owns 2,379 shares of the financial services provider’s stock valued at $449,000 after buying an additional 55 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. by 1.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 3,061 shares of the financial services provider’s stock worth $577,000 after purchasing an additional 58 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Arthur J. Gallagher & Co. by 0.7% in the 4th quarter. Raymond James Trust N.A. now owns 8,710 shares of the financial services provider’s stock valued at $1,642,000 after buying an additional 58 shares during the period. Cresset Asset Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 3.3% in the 1st quarter. Cresset Asset Management LLC now owns 2,077 shares of the financial services provider’s stock valued at $363,000 after buying an additional 66 shares in the last quarter. Finally, Kentucky Retirement Systems raised its stake in Arthur J. Gallagher & Co. by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 16,537 shares of the financial services provider’s stock worth $3,118,000 after buying an additional 72 shares during the period. 82.07% of the stock is currently owned by institutional investors.

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

In related news, CAO Richard C. Cary sold 3,204 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $217.62, for a total transaction of $697,254.48. Following the completion of the sale, the chief accounting officer now directly owns 37,285 shares of the company’s stock, valued at $8,113,961.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Richard C. Cary sold 3,204 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $217.62, for a total transaction of $697,254.48. Following the sale, the chief accounting officer now directly owns 37,285 shares in the company, valued at $8,113,961.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Douglas K. Howell sold 2,850 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $180.98, for a total transaction of $515,793.00. Following the completion of the transaction, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $16,417,600.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,354 shares of company stock worth $25,882,434. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 3.7 %

Shares of NYSE:AJG opened at $206.61 on Wednesday. Arthur J. Gallagher & Co. has a 52-week low of $148.24 and a 52-week high of $219.23. The firm has a market cap of $44.27 billion, a P/E ratio of 38.33, a PEG ratio of 2.35 and a beta of 0.69. The business’s 50 day simple moving average is $201.51 and its two-hundred day simple moving average is $195.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, June 1st. Arthur J. Gallagher & Co.’s payout ratio is currently 40.82%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Arthur J. Gallagher & Co. from $213.00 to $211.00 and set a “market perform” rating for the company in a research note on Friday, March 17th. Citigroup lifted their price objective on Arthur J. Gallagher & Co. from $228.00 to $232.00 in a report on Tuesday, April 18th. Truist Financial increased their price target on shares of Arthur J. Gallagher & Co. from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, January 30th. Wells Fargo & Company increased their target price on shares of Arthur J. Gallagher & Co. from $215.00 to $233.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Finally, StockNews.com began coverage on Arthur J. Gallagher & Co. in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $217.71.

Arthur J. Gallagher & Co. Company Profile

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Arthur J. Gallagher & Co engages in the provision of insurance 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.