Charles Schwab Investment Management Inc. Has $409.47 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Charles Schwab Investment Management Inc. decreased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,848,879 shares of the financial services provider’s stock after selling 8,681 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $409,465,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AJG. Greenleaf Trust lifted its stake in shares of Arthur J. Gallagher & Co. by 1.4% in the 3rd quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 42 shares during the period. Pinnacle Bancorp Inc. increased its position in shares of Arthur J. Gallagher & Co. by 14.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock valued at $77,000 after buying an additional 43 shares in the last quarter. Forte Capital LLC ADV increased its position in shares of Arthur J. Gallagher & Co. by 1.9% in the 4th quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock valued at $539,000 after buying an additional 44 shares in the last quarter. HBK Sorce Advisory LLC increased its position in shares of Arthur J. Gallagher & Co. by 3.9% in the 3rd quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after buying an additional 46 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its position in shares of Arthur J. Gallagher & Co. by 3.7% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AJG. Jefferies Financial Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. TD Cowen increased their target price on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Royal Bank of Canada increased their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Truist Financial reiterated a “hold” rating and set a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods lowered their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $255.31.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the sale, the vice president now directly owns 2,023 shares in the company, valued at $516,269.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the transaction, the vice president now directly owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now directly owns 2,023 shares in the company, valued at $516,269.60. The disclosure for this sale can be found here. Insiders sold 28,516 shares of company stock worth $7,059,160 over the last three months. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

AJG stock traded up $0.67 during mid-day trading on Wednesday, hitting $245.69. 123,285 shares of the company were exchanged, compared to its average volume of 852,695. The business has a 50 day simple moving average of $243.71 and a 200-day simple moving average of $239.27. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $53.68 billion, a PE ratio of 49.60, a price-to-earnings-growth ratio of 2.23 and a beta of 0.69. Arthur J. Gallagher & Co. has a 1-year low of $198.52 and a 1-year high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.08. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $3.03 earnings per share. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 0.98%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Arthur J. Gallagher & Co. Company Profile

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.