Portfolio Design Labs LLC Has $2.04 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Portfolio Design Labs LLC cut its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,187 shares of the financial services provider’s stock after selling 362 shares during the quarter. Portfolio Design Labs LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,040,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $25,000. Rakuten Securities Inc. grew its position in Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after buying an additional 87 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its position in Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after buying an additional 87 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $35,000. Finally, Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $36,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AJG has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a report on Monday, November 25th. Truist Financial lifted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. Barclays lifted their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Finally, TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average price target of $307.00.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at $4,440,499.14. The trade was a 16.50 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

AJG stock opened at $322.03 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06. The company has a 50 day moving average price of $292.35 and a 200 day moving average price of $290.85. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $324.79. The stock has a market capitalization of $80.44 billion, a PE ratio of 49.39 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate 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%. Analysts forecast that Arthur J. Gallagher & Co. will post 11.4 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is 36.81%.

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