Flinton Capital Management LLC lowered its position in shares of Arthur J Gallagher & Co (NYSE:AJG) by 18.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,504 shares of the financial services provider’s stock after selling 1,736 shares during the period. Flinton Capital Management LLC’s holdings in Arthur J Gallagher & Co were worth $553,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Destination Wealth Management increased its holdings in shares of Arthur J Gallagher & Co by 308.2% in the 4th quarter. Destination Wealth Management now owns 396 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 299 shares in the last quarter. Lindbrook Capital LLC purchased a new position in shares of Arthur J Gallagher & Co in the 4th quarter valued at about $47,000. Synovus Financial Corp increased its holdings in shares of Arthur J Gallagher & Co by 32.2% in the 4th quarter. Synovus Financial Corp now owns 863 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 210 shares in the last quarter. Tributary Capital Management LLC purchased a new position in shares of Arthur J Gallagher & Co in the 4th quarter valued at about $77,000. Finally, Doyle Wealth Management purchased a new position in shares of Arthur J Gallagher & Co in the 4th quarter valued at about $103,000. Institutional investors own 82.31% of the company’s stock.

In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 13,800 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $80.00, for a total transaction of $1,104,000.00. Following the completion of the transaction, the general counsel now directly owns 26,084 shares in the company, valued at approximately $2,086,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank E. Jr. English sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $77.66, for a total transaction of $85,426.00. Following the transaction, the director now owns 7,300 shares of the company’s stock, valued at $566,918. The disclosure for this sale can be found here. Insiders have sold a total of 30,100 shares of company stock valued at $2,391,974 over the last 90 days. 1.60% of the stock is currently owned by insiders.

AJG has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Tuesday, December 11th. Wells Fargo & Co reiterated a “buy” rating and issued a $85.00 price target on shares of Arthur J Gallagher & Co in a report on Tuesday, December 11th. Finally, Keefe, Bruyette & Woods downgraded shares of Arthur J Gallagher & Co to a “market perform” rating in a report on Thursday, December 13th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $79.56.

NYSE:AJG opened at $79.59 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Arthur J Gallagher & Co has a twelve month low of $64.54 and a twelve month high of $81.09. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91.

Arthur J Gallagher & Co (NYSE:AJG) last posted its earnings results on Thursday, January 31st. The financial services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Arthur J Gallagher & Co had a net margin of 9.14% and a return on equity of 14.03%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, research analysts forecast that Arthur J Gallagher & Co will post 3.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.43 per share. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, February 28th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 49.86%.

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About Arthur J Gallagher & Co

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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Institutional Ownership by Quarter for Arthur J Gallagher & Co (NYSE:AJG)

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