Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 48,712 shares of the financial services provider’s stock after selling 1,300 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Arthur J. Gallagher & Co. were worth $12,180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AJG. Norges Bank acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $1,308,316,000. Brown Advisory Inc. boosted its stake in Arthur J. Gallagher & Co. by 1,210.9% in the 4th quarter. Brown Advisory Inc. now owns 1,383,480 shares of the financial services provider’s stock worth $311,117,000 after purchasing an additional 1,277,945 shares during the period. Capital World Investors boosted its stake in Arthur J. Gallagher & Co. by 24.9% in the 4th quarter. Capital World Investors now owns 4,433,710 shares of the financial services provider’s stock worth $997,053,000 after purchasing an additional 884,394 shares during the period. Capital International Investors boosted its stake in Arthur J. Gallagher & Co. by 7.0% in the 1st quarter. Capital International Investors now owns 11,050,941 shares of the financial services provider’s stock worth $2,763,177,000 after purchasing an additional 727,325 shares during the period. Finally, Chilton Investment Co. Inc. boosted its stake in Arthur J. Gallagher & Co. by 476.2% in the 4th quarter. Chilton Investment Co. Inc. now owns 484,548 shares of the financial services provider’s stock worth $108,965,000 after purchasing an additional 400,453 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

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

In other news, VP Scott R. Hudson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total value of $2,634,500.00. Following the completion of the transaction, the vice president now owns 93,730 shares in the company, valued at $24,693,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Scott R. Hudson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total value of $2,634,500.00. Following the completion of the transaction, the vice president now owns 93,730 shares in the company, valued at $24,693,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Walter D. Bay sold 8,303 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $262.74, for a total transaction of $2,181,530.22. Following the completion of the transaction, the general counsel now owns 36,388 shares of the company’s stock, valued at approximately $9,560,583.12. The disclosure for this sale can be found here. Insiders have sold a total of 53,165 shares of company stock worth $13,629,049 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AJG. The Goldman Sachs Group lifted their target price on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an “underperform” rating in a research report on Friday. Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial boosted their price target on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $273.27.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $283.58 on Monday. The company has a 50-day moving average of $261.33 and a 200-day moving average of $248.74. The company has a market capitalization of $61.96 billion, a price-to-earnings ratio of 57.40, a PEG ratio of 2.52 and a beta of 0.72. Arthur J. Gallagher & Co. has a 52 week low of $214.13 and a 52 week high of $283.90. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 earnings per share. As a group, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.13 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.85%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Arthur J. Gallagher & Co. Profile

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.