Mawer Investment Management Ltd. Has $216.28 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Mawer Investment Management Ltd. trimmed 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 and Exchange Commission. The fund owned 761,948 shares of the financial services provider’s stock after selling 38,507 shares during the period. Arthur J. Gallagher & Co. accounts for approximately 1.0% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 27th biggest position. Mawer Investment Management Ltd. owned approximately 0.31% of Arthur J. Gallagher & Co. worth $216,279,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AJG. Catalina Capital Group LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 35 shares during the period. Greenleaf Trust lifted its position in shares of Arthur J. Gallagher & Co. by 1.1% in the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock valued at $940,000 after buying an additional 36 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 36 shares during the period. Brendel Financial Advisors LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 0.5% during the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock worth $2,054,000 after acquiring an additional 38 shares during the last quarter. Finally, Encompass More Asset Management raised its stake in Arthur J. Gallagher & Co. by 4.4% in the 3rd quarter. Encompass More Asset Management now owns 969 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AJG. Truist Financial lifted their price objective on shares of 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. Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research note on Friday, March 21st. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Finally, Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They set a “neutral” rating and a $352.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $313.20.

Arthur J. Gallagher & Co. Stock Down 0.1 %

AJG stock opened at $340.59 on Friday. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $345.43. The business has a 50-day simple moving average of $321.73 and a 200 day simple moving average of $300.96. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a market cap of $87.10 billion, a PE ratio of 52.24 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results 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 net margin of 12.70% and a return on equity of 16.47%. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.65 dividend. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the transaction, the vice president now owns 90,020 shares of the company’s stock, valued at approximately $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,235 shares of company stock valued at $7,478,224. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. 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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.