Stock Yards Bank & Trust Co. Sells 82 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Stock Yards Bank & Trust Co. reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,183 shares of the financial services provider’s stock after selling 82 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Arthur J. Gallagher & Co. were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Quarry LP purchased a new stake in Arthur J. Gallagher & Co. during the second quarter valued at approximately $29,000. Czech National Bank raised its holdings in Arthur J. Gallagher & Co. by 7.2% during the 3rd quarter. Czech National Bank now owns 44,633 shares of the financial services provider’s stock valued at $12,558,000 after buying an additional 2,996 shares during the period. Miracle Mile Advisors LLC lifted its position in Arthur J. Gallagher & Co. by 0.8% in the third quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock worth $1,289,000 after buying an additional 38 shares during the last quarter. Bath Savings Trust Co boosted its stake in Arthur J. Gallagher & Co. by 129.6% during the third quarter. Bath Savings Trust Co now owns 12,304 shares of the financial services provider’s stock worth $3,462,000 after buying an additional 6,946 shares during the period. Finally, Callan Family Office LLC raised its stake in shares of Arthur J. Gallagher & Co. by 3.3% in the third quarter. Callan Family Office LLC now owns 7,514 shares of the financial services provider’s stock valued at $2,114,000 after acquiring an additional 243 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $309.05 on Tuesday. The company has a market cap of $77.20 billion, a PE ratio of 47.40 and a beta of 0.77. The firm’s 50 day moving average price is $291.66 and its 200-day moving average price is $288.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Arthur J. Gallagher & Co. will post 11.53 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed 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. This represents a $2.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 36.81%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AJG. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price target for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. BMO Capital Markets increased their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Truist Financial boosted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a research note on Monday, November 25th. Finally, Bank of America upped their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $307.00.

Arthur J. Gallagher & Co. Company 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.