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

Mawer Investment Management Ltd. reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.8% in the 4th quarter, HoldingsChannel reports. 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. comprises approximately 1.0% of Mawer Investment Management Ltd.’s holdings, making the stock its 27th biggest position. Mawer Investment Management Ltd.’s holdings in Arthur J. Gallagher & Co. were worth $216,279,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Kingsview Wealth Management LLC bought a new position in Arthur J. Gallagher & Co. during the 3rd quarter worth $243,000. Townsquare Capital LLC raised its position in shares of Arthur J. Gallagher & Co. by 35.9% during the third quarter. Townsquare Capital LLC now owns 8,281 shares of the financial services provider’s stock worth $2,330,000 after acquiring an additional 2,186 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 11.2% in the third quarter. CreativeOne Wealth LLC now owns 1,969 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 199 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Arthur J. Gallagher & Co. by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,224 shares of the financial services provider’s stock valued at $12,162,000 after acquiring an additional 4,212 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Arthur J. Gallagher & Co. by 18.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 17,750 shares of the financial services provider’s stock valued at $4,990,000 after purchasing an additional 2,819 shares during the period. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Truist Financial increased their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price objective for the company. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their target price for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $313.20.

Arthur J. Gallagher & Co. Trading Down 0.1 %

AJG opened at $340.59 on Friday. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $345.43. The firm has a market capitalization of $87.10 billion, a PE ratio of 52.24 and a beta of 0.75. 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 moving average is $321.73 and its 200 day moving average is $300.96.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping 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, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the transaction, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. The trade was a 16.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the sale, the vice president now directly owns 90,020 shares of the company’s stock, valued at $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,235 shares of company stock worth $7,478,224 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

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.