Banque Cantonale Vaudoise Sells 275 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Banque Cantonale Vaudoise lowered its stake in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,791 shares of the financial services provider’s stock after selling 275 shares during the period. Banque Cantonale Vaudoise’s holdings in Arthur J. Gallagher & Co. were worth $636,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $1,431,788,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Arthur J. Gallagher & Co. by 670.4% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,302,593 shares of the financial services provider’s stock worth $286,010,000 after acquiring an additional 1,133,502 shares in the last quarter. Morgan Stanley boosted its stake in Arthur J. Gallagher & Co. by 40.6% during the fourth quarter. Morgan Stanley now owns 2,143,144 shares of the financial services provider’s stock worth $404,069,000 after acquiring an additional 619,008 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in Arthur J. Gallagher & Co. by 7,923.4% during the third quarter. Congress Asset Management Co. MA now owns 298,871 shares of the financial services provider’s stock worth $68,122,000 after acquiring an additional 295,146 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Arthur J. Gallagher & Co. by 3.0% during the second quarter. State Street Corp now owns 8,940,318 shares of the financial services provider’s stock valued at $1,963,026,000 after purchasing an additional 262,187 shares in the last quarter. 81.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 15,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $226.59, for a total value of $3,398,850.00. Following the sale, the chief financial officer now directly owns 102,942 shares in the company, valued at $23,325,627.78. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Douglas K. Howell sold 11,800 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $247.22, for a total transaction of $2,917,196.00. Following the completion of the sale, the chief financial officer now owns 117,942 shares of the company’s stock, valued at $29,157,621.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas K. Howell sold 15,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $226.59, for a total value of $3,398,850.00. Following the completion of the transaction, the chief financial officer now directly owns 102,942 shares in the company, valued at approximately $23,325,627.78. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.9 %

Shares of NYSE AJG opened at $234.05 on Wednesday. The stock has a market capitalization of $50.53 billion, a price-to-earnings ratio of 52.71, a P/E/G ratio of 2.14 and a beta of 0.69. Arthur J. Gallagher & Co. has a 12-month low of $174.45 and a 12-month high of $254.00. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $233.02 and its 200-day moving average price is $232.25.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same period last year, the company earned $1.54 EPS. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.1 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $2.40 annualized dividend and a dividend yield of 1.03%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 49.55%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen began coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, January 10th. They issued a “market perform” rating and a $249.00 price objective for the company. Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price target for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Royal Bank of Canada reissued an “outperform” rating and set a $270.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Friday, January 26th. Piper Sandler lifted their price objective on shares of Arthur J. Gallagher & Co. from $238.00 to $251.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Company upped their target price on shares of Arthur J. Gallagher & Co. from $237.00 to $261.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $255.62.

Read Our Latest Stock Analysis on AJG

About Arthur J. Gallagher & Co.

(Free Report)

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 businesses and organizations 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.

See Also

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

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