Envestnet Portfolio Solutions Inc. Sells 1,430 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 81,711 shares of the financial services provider’s stock after selling 1,430 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Arthur J. Gallagher & Co. were worth $23,194,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 543.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after buying an additional 87 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $35,000. Financial Life Planners purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $36,000. Finally, OFI Invest Asset Management bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, Director David S. Johnson sold 325 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total value of $104,669.50. Following the transaction, the director now directly owns 44,783 shares of the company’s stock, valued at approximately $14,422,812.98. This represents a 0.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the sale, the director now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 15,725 shares of company stock worth $4,972,964 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AJG. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a report on Monday, November 25th. Wells Fargo & Company dropped their price objective on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a report on Friday, January 31st. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their target price for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods raised their price target on Arthur J. Gallagher & Co. from $295.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Finally, Barclays boosted their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $307.93.

Arthur J. Gallagher & Co. Trading Up 0.8 %

Shares of NYSE AJG opened at $325.35 on Friday. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $345.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a 50-day moving average of $312.16 and a 200 day moving average of $298.17. The stock has a market cap of $82.87 billion, a P/E ratio of 49.90 and a beta of 0.75.

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, topping 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, sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.80%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

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.