Boston Partners Cuts Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Boston Partners trimmed its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,572,413 shares of the financial services provider's stock after selling 464,844 shares during the quarter. Boston Partners owned 0.73% of Arthur J. Gallagher & Co. worth $354,142,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Greenleaf Trust increased its stake in Arthur J. Gallagher & Co. by 1.4% in the 3rd quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider's stock worth $676,000 after acquiring an additional 42 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider's stock worth $77,000 after purchasing an additional 43 shares during the last quarter. Forte Capital LLC ADV lifted its position in Arthur J. Gallagher & Co. by 1.9% during the fourth quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider's stock valued at $539,000 after purchasing an additional 44 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in Arthur J. Gallagher & Co. by 3.9% in the 3rd quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider's stock worth $280,000 after buying an additional 46 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 3.7% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider's stock worth $302,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

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

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the transaction, the vice president now owns 96,709 shares in the company, valued at $24,666,597.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares in the company, valued at $24,666,597.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the sale, the vice president now owns 2,023 shares in the company, valued at approximately $516,269.60. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AJG shares. TD Cowen upped their target price on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a "hold" rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an "underperform" rating on the stock in a report on Wednesday, April 10th. Piper Sandler cut their target price on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a "neutral" rating for the company in a research note on Monday, April 29th. Royal Bank of Canada lifted their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Finally, Truist Financial reaffirmed a "hold" rating and issued a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $255.31.

Arthur J. Gallagher & Co. Trading Up 1.3 %

AJG traded up $3.26 during midday trading on Friday, reaching $250.82. 582,177 shares of the company's stock traded hands, compared to its average volume of 805,371. The stock has a market capitalization of $54.80 billion, a price-to-earnings ratio of 50.77, a P/E/G ratio of 2.34 and a beta of 0.69. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $256.10. The firm has a fifty day moving average of $243.92 and a two-hundred day moving average of $239.59. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05.

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

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.'s payout ratio is currently 48.58%.

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.