Gotham Asset Management LLC Sells 4,849 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Gotham Asset Management LLC cut its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 13.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,373 shares of the financial services provider's stock after selling 4,849 shares during the quarter. Gotham Asset Management LLC's holdings in Arthur J. Gallagher & Co. were worth $8,621,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AJG. Valley National Advisers Inc. acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth $25,000. MRP Capital Investments LLC acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth $28,000. New Age Alpha Advisors LLC increased its position in Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock worth $31,000 after buying an additional 49 shares during the period. Johnson Financial Group Inc. increased its position in Arthur J. Gallagher & Co. by 205.4% in the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock worth $34,000 after buying an additional 76 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth $35,000. 85.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on AJG. Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a report on Thursday, April 10th. 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. Redburn Atlantic initiated coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price for the company. Truist Financial boosted their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group lowered their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $318.57.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock traded up $3.84 on Friday, reaching $342.12. The stock had a trading volume of 973,172 shares, compared to its average volume of 1,317,578. The business's 50-day moving average price is $330.80 and its two-hundred day moving average price is $312.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a fifty-two week low of $244.60 and a fifty-two week high of $350.70. The stock has a market cap of $87.62 billion, a P/E ratio of 52.47 and a beta of 0.78.

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

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s payout ratio is currently 37.63%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 7,510 shares of the company's stock in a transaction on 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 in the company, valued at $30,029,771.80. This represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company's stock.

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.