Mutual of America Capital Management LLC Decreases Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Mutual of America Capital Management LLC lowered its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,982 shares of the financial services provider’s stock after selling 571 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $7,592,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the second quarter worth $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 89.7% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 52 shares during the period. Finally, Quarry LP bought a new stake in Arthur J. Gallagher & Co. during the second quarter valued at approximately $29,000. Institutional investors own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In related news, President Michael Robert Pesch sold 7,100 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the sale, the president now owns 33,267 shares in the company, valued at approximately $9,853,685.40. This represents a 17.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, October 28th. The stock was 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 directly owns 75,963 shares of the company’s stock, valued at $21,626,666.10. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,900 shares of company stock valued at $6,892,280. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

AJG has been the topic of several recent research reports. BMO Capital Markets increased their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their target price on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Bank Of America (Bofa) upped their price target on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their price objective on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group raised their target price on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $289.14.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $293.53 on Tuesday. The business’s 50-day moving average is $288.38 and its 200 day moving average is $275.60. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $301.04. The company has a market capitalization of $64.40 billion, a P/E ratio of 55.91, a P/E/G ratio of 2.51 and a beta of 0.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the company earned $2.00 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.60 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.82%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.71%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.