Curi RMB Capital LLC Boosts Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Curi RMB Capital LLC increased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 12.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,923 shares of the financial services provider’s stock after acquiring an additional 422 shares during the period. Curi RMB Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,114,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AJG. Dimensional Fund Advisors LP lifted its position in shares of Arthur J. Gallagher & Co. by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 728,910 shares of the financial services provider’s stock worth $206,906,000 after purchasing an additional 48,431 shares during the period. Capital International Ltd. CA lifted its holdings in Arthur J. Gallagher & Co. by 5.3% in the fourth quarter. Capital International Ltd. CA now owns 62,895 shares of the financial services provider’s stock worth $17,853,000 after buying an additional 3,141 shares during the period. Commerce Bank boosted its position in Arthur J. Gallagher & Co. by 3.4% during the 4th quarter. Commerce Bank now owns 24,006 shares of the financial services provider’s stock valued at $6,814,000 after acquiring an additional 794 shares in the last quarter. Capital Group Investment Management PTE. LTD. grew its holdings in shares of Arthur J. Gallagher & Co. by 2.5% during the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 13,564 shares of the financial services provider’s stock worth $3,850,000 after acquiring an additional 334 shares during the period. Finally, Capital International Investors raised its position in shares of Arthur J. Gallagher & Co. by 3.1% in the 4th quarter. Capital International Investors now owns 10,067,647 shares of the financial services provider’s stock worth $2,857,737,000 after acquiring an additional 305,876 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In other news, 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 owns 14,674 shares in the company, valued at $4,440,499.14. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Richard C. Cary sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the sale, the chief accounting officer now owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock worth $7,478,224 over the last quarter. Company insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $329.29 on Monday. Arthur J. Gallagher & Co. has a 12 month low of $232.27 and a 12 month high of $350.70. The business’s fifty day simple moving average is $330.37 and its two-hundred day simple moving average is $306.10. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a market cap of $84.21 billion, a price-to-earnings ratio of 50.50 and a beta of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last released 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%. Research analysts anticipate 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. Stockholders of record on Friday, March 7th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.’s payout ratio is presently 39.88%.

Wall Street Analysts Forecast Growth

AJG has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research report on Friday, March 21st. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 price target for the company. Royal Bank of Canada boosted their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company raised their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $315.27.

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.