2 weeks Ago By ABMN Staff
Federated Hermes Inc. trimmed its position in shares of Arthur J. Gallagher & Co.
( NYSE:AJG – Free Report ) by 33.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 739 shares of the financial services provider’s stock after selling 378 shares during the period.
Federated Hermes Inc.’s holdings in Arthur J. Gallagher & Co.
were worth $210,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc.
raised its position in Arthur J. Gallagher & Co. by 14.
9% in the 4th quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider’s stock worth $8,422,435,000 after purchasing an additional 3,851,661 shares during the period.
Geode Capital Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 14.
3% during the 4th quarter. Geode Capital Management LLC now owns 6,277,993 shares of the financial services provider’s stock valued at $1,779,248,000 after acquiring an additional 787,265 shares during the period. Norges Bank bought a new stake in Arthur J.
Gallagher & Co. in the fourth quarter valued at approximately $1,421,591,000. Wellington Management Group LLP grew its holdings in shares of Arthur J.
Gallagher & Co. by 162.0% in the fourth quarter.
Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider’s stock worth $801,115,000 after purchasing an additional 1,745,283 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Arthur J.
Gallagher & Co. by 10.0% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 2,029,256 shares of the financial services provider’s stock valued at $576,004,000 after buying an additional 184,960 shares during the last quarter. 85.
53% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In A number of equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Arthur J.
Gallagher & Co. from $370.00 to $372.
00 and gave the company an “overweight” rating in a research report on Thursday, April 10th. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co.
in a research report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 price target for the company.
Truist Financial lifted their price objective on Arthur J. Gallagher & Co. from $275.
00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Barclays upped their target price on Arthur J.
Gallagher & Co. from $308.00 to $346.
00 and gave the company an “equal weight” rating in a report on Friday, April 11th. Finally, Jefferies Financial Group cut their price target on shares of Arthur J. Gallagher & Co.
from $266.00 to $265.00 and set a “hold” rating on the stock in a report on Friday, April 11th.
Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $315.27.
Insider Activity In other news, Director David S. Johnson sold 325 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $322.
06, for a total transaction of $104,669.50. Following the sale, the director now directly owns 44,783 shares of the company’s stock, valued at $14,422,812.
98. This represents a 0.72 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, VP Christopher E. Mead sold 2,900 shares of Arthur J.
Gallagher & Co. 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. This represents a 16.50 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 23,235 shares of company stock worth $7,478,224 in the last three months. Company insiders own 1.
30% of the company’s stock. Arthur J. Gallagher & Co.
Trading Down 1.0 % NYSE:AJG opened at $329.29 on Friday.
The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.
51. The company’s 50-day simple moving average is $330.37 and its 200 day simple moving average is $305.
82. Arthur J. Gallagher & Co.
has a one year low of $232.27 and a one year high of $350.70.
The firm has a market capitalization of $84.21 billion, a P/E ratio of 50.50 and a beta of 0.
64. Arthur J. Gallagher & Co.
( NYSE:AJG – Get Free Report ) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.
03 by $0.10. Arthur J.
Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.
70%. As a group, analysts forecast that Arthur J. Gallagher & Co.
will post 11.54 EPS for the current fiscal year. Arthur J.
Gallagher & Co. Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.
65 dividend. This is a boost from Arthur J. Gallagher & Co.
’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 7th.
This represents a $2.60 dividend on an annualized basis and a yield of 0.79%.
Arthur J. Gallagher & Co.’s dividend payout ratio is presently 39.
88%. Arthur J. Gallagher & Co.
Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J.
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