CIBC Private Wealth Group LLC Decreases Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

CIBC Private Wealth Group LLC lessened its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,991 shares of the financial services provider’s stock after selling 2,424 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $33,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. California Public Employees Retirement System raised its holdings in Arthur J. Gallagher & Co. by 1.6% during the 4th quarter. California Public Employees Retirement System now owns 1,011,224 shares of the financial services provider’s stock valued at $287,036,000 after buying an additional 16,173 shares during the last quarter. RWA Wealth Partners LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $803,000. Schroder Investment Management Group raised its stake in shares of Arthur J. Gallagher & Co. by 48.1% during the fourth quarter. Schroder Investment Management Group now owns 160,500 shares of the financial services provider’s stock valued at $45,656,000 after acquiring an additional 52,091 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $6,173,000. Finally, Tucker Asset Management LLC grew its stake in shares of Arthur J. Gallagher & Co. by 3.0% in the fourth quarter. Tucker Asset Management LLC now owns 1,419 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AJG shares. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price objective for the company. Truist Financial raised their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a report on Friday, March 21st. Wells Fargo & Company upped their price objective on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Finally, TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company 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 issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $313.20.

Arthur J. Gallagher & Co. Trading Down 0.1 %

NYSE AJG opened at $340.59 on Monday. The stock’s fifty day moving average price is $321.73 and its 200-day moving average price is $301.01. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a market cap of $87.10 billion, a P/E ratio of 52.24 and a beta of 0.75. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.65 dividend. The ex-dividend date was Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio is 39.88%.

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

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the completion of the transaction, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. The trade was a 16.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the sale, the director now directly owns 16,533 shares in the company, valued at approximately $5,031,487.89. The trade was a 13.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,235 shares of company stock worth $7,478,224. 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.