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

Yousif Capital Management LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama increased its position in Arthur J. Gallagher & Co. by 4.0% in the fourth 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 period. Old North State Wealth Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 7.1% in the 4th quarter. Old North State Wealth Management LLC now owns 1,090 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 72 shares during the last quarter. E. Ohman J or Asset Management AB grew its position 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 raised its stake in shares of Arthur J. Gallagher & Co. by 14.5% during the fourth quarter. Robbins Farley now owns 13,821 shares of the financial services provider’s stock worth $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 fourth quarter valued at approximately $262,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 1.3 %

Shares of NYSE:AJG opened at $316.14 on Thursday. The firm has a market cap of $78.97 billion, a price-to-earnings ratio of 48.49 and a beta of 0.77. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $316.72. The company’s fifty day simple moving average is $291.70 and its 200 day simple moving average is $289.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates 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 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.65 per share. 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 dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 39.88%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the sale, the director now owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. The trade was a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AJG has been the subject of several recent research reports. Jefferies Financial Group upped their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada increased their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target on the stock. in a research report on Monday, November 25th. Finally, 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 report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $307.00.

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.