O Shaughnessy Asset Management LLC Has $10 Million Holdings in Arthur J. Gallagher & Co. $AJG

O Shaughnessy Asset Management LLC lessened its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,636 shares of the financial services provider’s stock after selling 4,431 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $9,999,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caprock Group LLC bought a new stake in Arthur J. Gallagher & Co. in the third quarter valued at $9,877,000. JPMorgan Chase & Co. increased its stake in Arthur J. Gallagher & Co. by 19.6% in the third quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider’s stock valued at $6,299,674,000 after purchasing an additional 3,330,205 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Arthur J. Gallagher & Co. by 10.2% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 65,889 shares of the financial services provider’s stock valued at $20,398,000 after purchasing an additional 6,090 shares in the last quarter. Dearborn Partners LLC increased its stake in Arthur J. Gallagher & Co. by 6.3% in the fourth quarter. Dearborn Partners LLC now owns 133,936 shares of the financial services provider’s stock valued at $34,661,000 after purchasing an additional 7,946 shares in the last quarter. Finally, Factory Mutual Insurance Co. increased its stake in Arthur J. Gallagher & Co. by 241.4% in the third quarter. Factory Mutual Insurance Co. now owns 49,500 shares of the financial services provider’s stock valued at $15,332,000 after purchasing an additional 35,000 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 1.5%

NYSE:AJG opened at $220.25 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $210.83 and a 200-day moving average of $228.34. The company has a market cap of $56.58 billion, a PE ratio of 35.64, a PEG ratio of 1.10 and a beta of 0.52. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $327.34.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.67 earnings per share. As a group, equities research analysts expect that Arthur J. Gallagher & Co. will post 13.27 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, June 5th. This represents a $2.80 annualized dividend and a yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is 45.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AJG shares. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Piper Sandler decreased their price target on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and decreased their price target for the company from $280.00 to $250.00 in a research note on Wednesday, May 6th. Barclays lifted their price target on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating for the company in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $264.59.

Insiders Place Their Bets

In related news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the transaction, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.