Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Fosun International Ltd

Fosun International Ltd lowered its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 61.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,234 shares of the financial services provider's stock after selling 5,202 shares during the period. Arthur J. Gallagher & Co. makes up 0.3% of Fosun International Ltd's portfolio, making the stock its 15th biggest position. Fosun International Ltd's holdings in Arthur J. Gallagher & Co. were worth $918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 21.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider's stock worth $18,893,000 after purchasing an additional 11,752 shares in the last quarter. Principal Financial Group Inc. lifted its position in Arthur J. Gallagher & Co. by 231.2% during the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider's stock worth $249,237,000 after acquiring an additional 618,362 shares in the last quarter. Running Oak Capital LLC boosted its holdings in Arthur J. Gallagher & Co. by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock worth $13,830,000 after acquiring an additional 3,983 shares during the period. Nordea Investment Management AB raised its stake in shares of Arthur J. Gallagher & Co. by 16.7% during the fourth quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider's stock valued at $6,381,000 after purchasing an additional 3,217 shares during the period. Finally, Campbell Newman Asset Management Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 13.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 141,163 shares of the financial services provider's stock worth $40,069,000 after purchasing an additional 17,196 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the transaction, the vice president now directly owns 90,020 shares of the company's stock, valued at $30,029,771.80. The trade was a 7.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David S. Johnson sold 325 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 44,783 shares in the company, valued at $14,422,812.98. The trade was a 0.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,835 shares of company stock worth $5,839,830. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

AJG has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a "market perform" rating in a research note on Friday, May 2nd. Truist Financial lifted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They set a "neutral" rating and a $352.00 target price for the company. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and lifted their price target for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of "Hold" and a consensus price target of $315.33.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $338.67 on Friday. The company has a market cap of $86.61 billion, a PE ratio of 51.94 and a beta of 0.78. Arthur J. Gallagher & Co. has a fifty-two week low of $244.60 and a fifty-two week high of $350.70. The firm has a 50-day simple moving average of $330.37 and a 200 day simple moving average of $309.99. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, beating the consensus estimate of $3.57 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The business's revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.45 earnings per share. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders 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 0.77%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s payout ratio is 37.63%.

Arthur J. Gallagher & Co. 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.

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