DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Lowers Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 622,916 shares of the financial services provider's stock after selling 305,978 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.25% of Arthur J. Gallagher & Co. worth $176,815,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $25,000. MRP Capital Investments LLC purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth about $28,000. New Age Alpha Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 81.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 49 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 205.4% in the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 76 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 85.53% of the company's stock.

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

In other news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the transaction, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. The trade was a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David S. Johnson sold 325 shares of Arthur J. Gallagher & Co. stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total value 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 represents a 0.72% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

AJG has been the topic of a number of analyst reports. Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price on the stock. Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Truist Financial increased their target price on 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. Jefferies Financial Group cut their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Finally, Royal Bank of Canada raised their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $315.33.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded up $1.53 during mid-day trading on Tuesday, hitting $332.81. The company's stock had a trading volume of 369,920 shares, compared to its average volume of 1,308,259. Arthur J. Gallagher & Co. has a 1 year low of $244.60 and a 1 year high of $350.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $85.23 billion, a price-to-earnings ratio of 51.04 and a beta of 0.78. The business's fifty day moving average is $330.17 and its two-hundred day moving average is $310.63.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping the consensus estimate of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the firm posted $3.45 EPS. The business's quarterly revenue was up 14.5% compared to the same quarter last year. Analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.