Yousif Capital Management LLC Has $9.37 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Yousif Capital Management LLC grew its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,996 shares of the financial services provider’s stock after buying an additional 2,017 shares during the period. Yousif Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $9,366,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Retirement Systems of Alabama lifted its holdings in Arthur J. Gallagher & Co. by 4.0% in the 4th quarter. Retirement Systems of Alabama now owns 181,269 shares of the financial services provider’s stock worth $51,453,000 after purchasing an additional 6,905 shares during the last quarter. Old North State Wealth Management LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 7.1% in the fourth quarter. Old North State Wealth Management LLC now owns 1,090 shares of the financial services provider’s stock worth $311,000 after buying an additional 72 shares during the last quarter. E. Ohman J or Asset Management AB boosted its holdings in shares of Arthur J. Gallagher & Co. by 33.4% during the 4th quarter. E. Ohman J or Asset Management AB now owns 11,610 shares of the financial services provider’s stock worth $3,295,000 after buying an additional 2,910 shares during the period. Robbins Farley grew its stake in Arthur J. Gallagher & Co. by 14.5% in the 4th quarter. Robbins Farley now owns 13,821 shares of the financial services provider’s stock valued at $3,923,000 after buying an additional 1,747 shares during the last quarter. Finally, Longboard Asset Management LP bought a new position in Arthur J. Gallagher & Co. in the 4th quarter worth $262,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $316.14 on Thursday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $316.72. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a market cap of $78.97 billion, a P/E ratio of 48.49 and a beta of 0.77. The company’s 50-day simple moving average is $291.70 and its 200 day simple moving average is $289.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating 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 forecast that Arthur J. Gallagher & Co. will post 11.53 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is currently 39.88%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AJG. Royal Bank of Canada raised their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their target price for the company from $295.00 to $377.00 in a report on Friday, January 10th. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a report on Monday, November 25th. Wells Fargo & Company lowered their price objective on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods upped their target price on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $307.00.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the transaction, the director now directly owns 16,533 shares of the company’s stock, valued at $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.