Baader Bank Aktiengesellschaft Sells 108 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Baader Bank Aktiengesellschaft decreased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 721 shares of the financial services provider’s stock after selling 108 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Arthur J. Gallagher & Co. were worth $204,000 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 stock. Strategic Investment Solutions Inc. IL bought a new position in Arthur J. Gallagher & Co. in the second quarter valued at $26,000. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 87 shares in the last quarter. Quarry LP purchased a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at about $29,000. Rakuten Securities Inc. lifted its position in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after buying an additional 87 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AJG. BMO Capital Markets upped their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Bank of America boosted their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised their price target on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company lowered their price objective on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus price target of $307.00.

Arthur J. Gallagher & Co. Stock Up 1.1 %

Shares of NYSE AJG opened at $302.20 on Friday. The firm has a fifty day simple moving average of $291.70 and a two-hundred day simple moving average of $288.46. The firm has a market capitalization of $75.49 billion, a PE ratio of 57.56 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 12 month low of $227.43 and a 12 month high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. Equities analysts expect that Arthur J. Gallagher & Co. will post 10.04 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.65 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.86%. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.71%.

About Arthur J. Gallagher & Co.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.