Arthur J. Gallagher & Co. $AJG Shares Sold by Fiera Capital Corp

Fiera Capital Corp lessened its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 8.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 160,603 shares of the financial services provider’s stock after selling 15,342 shares during the quarter. Fiera Capital Corp’s holdings in Arthur J. Gallagher & Co. were worth $41,562,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Rakuten Securities Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Financial Life Planners purchased a new position in Arthur J. Gallagher & Co. in the 3rd quarter worth about $39,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Arthur J. Gallagher & Co. by 668.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after buying an additional 147 shares during the period. CVA Family Office LLC lifted its stake in Arthur J. Gallagher & Co. by 84.8% during the fourth quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock valued at $47,000 after buying an additional 84 shares in the last quarter. Finally, Entrust Financial LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth about $51,000. 85.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AJG. Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Piper Sandler decreased their price objective on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and cut their target price for the company from $280.00 to $250.00 in a research note on Wednesday, May 6th. UBS Group upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a report on Monday. Finally, Mizuho lowered their price target on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.59.

Arthur J. Gallagher & Co. Stock Performance

AJG stock opened at $212.45 on Tuesday. The company has a market capitalization of $54.58 billion, a price-to-earnings ratio of 34.38, a P/E/G ratio of 1.09 and a beta of 0.53. The firm has a 50 day moving average of $210.54 and a two-hundred day moving average of $228.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $327.83.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. The business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. Arthur J. Gallagher & Co.’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.67 EPS. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 13.27 EPS 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 19th. Shareholders of record on Friday, June 5th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

Insider Activity

In other news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the completion of the sale, the chief accounting officer owned 47,819 shares in the company, valued at approximately $9,850,714. This represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.