Robeco Institutional Asset Management B.V. Sells 2,788 Shares of Arthur J. Gallagher & Co. $AJG

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Arthur J. Gallagher & Co. by 22.0%, selling 2,788 shares and now holding 9,903 shares valued at $3,170,000.
• The company announced a quarterly dividend of $0.65, translating to a 0.8% dividend yield, with a payout ratio of 36.93%.
• While analysts have mixed ratings on the stock, it currently holds an average rating of "Hold" with a consensus target price of $328.80.

Robeco Institutional Asset Management B.V. decreased its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 22.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,903 shares of the financial services provider's stock after selling 2,788 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Arthur J. Gallagher & Co. were worth $3,170,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AJG. HWG Holdings LP purchased a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $25,000. AlphaQuest LLC bought a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter worth about $33,000. Saudi Central Bank bought a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter worth about $34,000. Centennial Bank AR bought a new stake in Arthur J. Gallagher & Co. during the 1st quarter valued at about $38,000. Finally, Golden State Wealth Management LLC increased its stake in Arthur J. Gallagher & Co. by 2,750.0% during the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AJG. Keefe, Bruyette & Woods lifted their price target on shares of Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the stock a "market perform" rating in a research note on Friday, September 19th. Wells Fargo & Company lowered their target price on shares of Arthur J. Gallagher & Co. from $369.00 to $365.00 and set an "overweight" rating on the stock in a report on Friday, September 19th. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a "sell" rating to a "hold" rating in a report on Friday, September 5th. The Goldman Sachs Group began coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, September 3rd. They issued a "buy" rating and a $344.00 price target on the stock. Finally, Barclays cut their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $328.80.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 12,855 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $297.60, for a total value of $3,825,648.00. Following the transaction, the vice president owned 85,920 shares in the company, valued at approximately $25,569,792. This represents a 13.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas K. Howell sold 8,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the completion of the transaction, the chief financial officer owned 100,777 shares in the company, valued at approximately $30,186,742.58. This trade represents a 7.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,855 shares of company stock worth $8,916,928. 1.30% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $309.30 on Tuesday. Arthur J. Gallagher & Co. has a 52-week low of $275.56 and a 52-week high of $351.23. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The company has a market cap of $79.30 billion, a P/E ratio of 43.93 and a beta of 0.73. The firm's 50-day moving average price is $297.60 and its 200-day moving average price is $316.39.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the company earned $2.29 EPS. The business's revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, September 5th. Arthur J. Gallagher & Co.'s dividend payout ratio is 36.93%.

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.

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