Austin Private Wealth LLC Has $614,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Austin Private Wealth LLC boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 16.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,162 shares of the financial services provider’s stock after purchasing an additional 308 shares during the period. Austin Private Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $614,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AJG. Principal Financial Group Inc. lifted its holdings in Arthur J. Gallagher & Co. by 231.2% during the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after acquiring an additional 618,362 shares in the last quarter. FMR LLC lifted its holdings in Arthur J. Gallagher & Co. by 4.9% during the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock worth $3,462,392,000 after acquiring an additional 580,134 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Arthur J. Gallagher & Co. by 6,581.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider’s stock worth $124,174,000 after acquiring an additional 430,917 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Arthur J. Gallagher & Co. by 13.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider’s stock valued at $899,538,000 after purchasing an additional 383,130 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Arthur J. Gallagher & Co. by 431.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 323,880 shares of the financial services provider’s stock valued at $91,130,000 after purchasing an additional 262,987 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $302.20 on Friday. The business’s 50 day moving average price is $291.70 and its two-hundred day moving average price is $288.46. The company has a market cap of $75.49 billion, a PE ratio of 57.56 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a twelve month low of $227.43 and a twelve month high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. On average, analysts predict that Arthur J. Gallagher & Co. will post 10.04 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.65 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.86%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.71%.

Analysts Set New Price Targets

A number of brokerages have recently commented on AJG. Jefferies Financial Group boosted their price target on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America boosted their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. BMO Capital Markets boosted their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company dropped their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Barclays upped their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and a consensus target price 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.