Charles Schwab Investment Management Inc. Sells 8,681 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Charles Schwab Investment Management Inc. cut its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,848,879 shares of the financial services provider's stock after selling 8,681 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.86% of Arthur J. Gallagher & Co. worth $409,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AJG. FMR LLC grew its stake in Arthur J. Gallagher & Co. by 8.1% during the 3rd quarter. FMR LLC now owns 9,664,117 shares of the financial services provider's stock valued at $2,202,742,000 after purchasing an additional 726,485 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Arthur J. Gallagher & Co. by 36,168.9% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 357,974 shares of the financial services provider's stock worth $81,593,000 after buying an additional 356,987 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in Arthur J. Gallagher & Co. by 7,923.4% in the third quarter. Congress Asset Management Co. MA now owns 298,871 shares of the financial services provider's stock valued at $68,122,000 after acquiring an additional 295,146 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Arthur J. Gallagher & Co. by 26.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,340 shares of the financial services provider's stock valued at $293,879,000 after acquiring an additional 271,225 shares during the last quarter. Finally, Aviva PLC grew its holdings in Arthur J. Gallagher & Co. by 432.5% during the 3rd quarter. Aviva PLC now owns 260,673 shares of the financial services provider's stock worth $59,415,000 after acquiring an additional 211,716 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG traded up $0.06 during trading hours on Wednesday, reaching $245.08. 817,913 shares of the company's stock traded hands, compared to its average volume of 859,065. Arthur J. Gallagher & Co. has a twelve month low of $198.52 and a twelve month high of $256.10. The business's fifty day simple moving average is $243.71 and its two-hundred day simple moving average is $239.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $53.55 billion, a price-to-earnings ratio of 49.60, a P/E/G ratio of 2.23 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.41 by $0.08. The firm had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. Arthur J. Gallagher & Co.'s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $3.03 EPS. Analysts predict that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.'s payout ratio is currently 48.58%.

Insider Activity

In related news, VP Thomas Joseph Gallagher sold 12,309 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the sale, the vice president now directly owns 322,797 shares in the company, valued at approximately $76,712,707.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now owns 2,023 shares of the company's stock, valued at approximately $516,269.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the sale, the vice president now directly owns 322,797 shares of the company's stock, valued at $76,712,707.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,516 shares of company stock worth $7,059,160. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AJG shares. TD Cowen lifted their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a "hold" rating in a research note on Tuesday, April 2nd. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a "buy" rating to a "hold" rating and dropped their price target for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. Royal Bank of Canada lifted their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Piper Sandler dropped their target price on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a "neutral" rating on the stock in a report on Monday, April 29th. Finally, Truist Financial reaffirmed a "hold" rating and issued a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and a consensus price target of $255.31.

About Arthur J. Gallagher & Co.

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 entities and individuals 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.