Mountain Pacific Investment Advisers LLC Decreases Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Mountain Pacific Investment Advisers LLC trimmed its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,457 shares of the financial services provider’s stock after selling 1,310 shares during the period. Arthur J. Gallagher & Co. accounts for 3.7% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 5th largest holding. Mountain Pacific Investment Advisers LLC owned 0.09% of Arthur J. Gallagher & Co. worth $54,152,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AJG. Schroder Investment Management Group grew its stake in shares of Arthur J. Gallagher & Co. by 1.3% in the 4th quarter. Schroder Investment Management Group now owns 81,053 shares of the financial services provider’s stock worth $18,227,000 after buying an additional 1,065 shares in the last quarter. Ossiam lifted its position in shares of Arthur J. Gallagher & Co. by 12.9% in the 4th quarter. Ossiam now owns 4,623 shares of the financial services provider’s stock worth $1,040,000 after purchasing an additional 530 shares during the period. Ethic Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 6.8% in the 4th quarter. Ethic Inc. now owns 27,209 shares of the financial services provider’s stock worth $6,119,000 after purchasing an additional 1,725 shares during the period. Washington Trust Bank purchased a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth approximately $200,000. Finally, True Wealth Design LLC purchased a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $45,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AJG shares. Keefe, Bruyette & Woods increased their target price on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a research report on Friday, July 26th. Barclays assumed coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 price objective on the stock. Truist Financial raised their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average target price of $283.86.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total value of $1,799,520.10. Following the completion of the sale, the general counsel now owns 30,053 shares in the company, valued at $8,536,855.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $284.68, for a total value of $1,992,760.00. Following the sale, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,625,146.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the transaction, the general counsel now owns 30,053 shares in the company, valued at approximately $8,536,855.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,145 shares of company stock worth $12,622,660. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $294.95 on Thursday. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $301.04. The stock has a market cap of $64.45 billion, a P/E ratio of 59.71, a PEG ratio of 2.37 and a beta of 0.72. The company has a 50-day moving average price of $288.05 and a 200 day moving average price of $265.79. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the business earned $1.90 earnings per share. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.14 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.60 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.