Mountain Pacific Investment Advisers LLC Trims Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Mountain Pacific Investment Advisers LLC cut its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,173 shares of the financial services provider’s stock after selling 2,284 shares during the period. Arthur J. Gallagher & Co. makes up 3.8% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 4th largest position. Mountain Pacific Investment Advisers LLC’s holdings in Arthur J. Gallagher & Co. were worth $53,981,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AJG. Brighton Jones LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at about $210,000. Canada Pension Plan Investment Board lifted its position in Arthur J. Gallagher & Co. by 3.2% in the second quarter. Canada Pension Plan Investment Board now owns 63,539 shares of the financial services provider’s stock valued at $16,476,000 after purchasing an additional 1,972 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 439.7% during the second quarter. AE Wealth Management LLC now owns 9,100 shares of the financial services provider’s stock valued at $2,360,000 after purchasing an additional 7,414 shares during the period. Sei Investments Co. increased its stake in shares of Arthur J. Gallagher & Co. by 3.1% in the second quarter. Sei Investments Co. now owns 200,571 shares of the financial services provider’s stock worth $52,012,000 after buying an additional 6,003 shares during the period. Finally, Summit Trail Advisors LLC bought a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at $208,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AJG. BMO Capital Markets boosted their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Wells Fargo & Company boosted their target price on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Bank of America raised their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $295.22 on Tuesday. Arthur J. Gallagher & Co. has a twelve month low of $227.08 and a twelve month high of $316.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $73.75 billion, a P/E ratio of 56.23 and a beta of 0.76. The stock’s 50 day moving average is $291.99 and its 200 day moving average is $287.02.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting the consensus estimate of $2.26. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned $2.00 earnings per share. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, December 6th. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the sale, the vice president now directly owns 14,674 shares in the company, valued at approximately $4,211,438. This trade represents a 16.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at $21,626,666.10. This represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Company 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.