Arthur J. Gallagher & Co. $AJG Shares Sold by Ayrshire Capital Management LLC

Ayrshire Capital Management LLC reduced its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 36.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,617 shares of the financial services provider's stock after selling 8,372 shares during the period. Arthur J. Gallagher & Co. accounts for about 2.1% of Ayrshire Capital Management LLC's investment portfolio, making the stock its 27th biggest holding. Ayrshire Capital Management LLC's holdings in Arthur J. Gallagher & Co. were worth $4,528,000 as of its most recent filing with the Securities & Exchange Commission.Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Arthur J. Gallagher & Co. by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 31,096,542 shares of the financial services provider's stock worth $9,954,625,000 after buying an additional 685,278 shares during the last quarter. State Street Corp grew its position in shares of Arthur J. Gallagher & Co. by 1.1% during the second quarter. State Street Corp now owns 10,743,493 shares of the financial services provider's stock worth $3,439,207,000 after acquiring an additional 117,646 shares during the last quarter. Norges Bank acquired a new stake in shares of Arthur J. Gallagher & Co. in the 2nd quarter worth about $1,536,230,000. WCM Investment Management LLC lifted its position in Arthur J. Gallagher & Co. by 5.5% in the 2nd quarter. WCM Investment Management LLC now owns 2,464,662 shares of the financial services provider's stock valued at $783,097,000 after purchasing an additional 128,071 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Arthur J. Gallagher & Co. by 4.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,381,835 shares of the financial services provider's stock valued at $762,473,000 after purchasing an additional 94,940 shares during the period. Institutional investors own 85.53% of the company's stock. Arthur J. Gallagher & Co. Trading Down 0.5%Shares of AJG stock opened at $261.93 on Wednesday. The stock has a 50-day simple moving average of $254.45 and a 200 day simple moving average of $286.02. The stock has a market capitalization of $67.26 billion, a P/E ratio of 39.15 and a beta of 0.69. Arthur J. Gallagher & Co. has a fifty-two week low of $236.34 and a fifty-two week high of $351.23. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing analysts' consensus estimates of $2.51 by ($0.19). The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.34 billion. Arthur J. Gallagher & Co. had a net margin of 13.58% and a return on equity of 11.98%. Arthur J. Gallagher & Co.'s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.26 earnings per share. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year. Arthur J. Gallagher & Co. Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.65 dividend. The ex-dividend date was Friday, December 5th. This represents a $2.60 annualized dividend and a yield of 1.0%. Arthur J. Gallagher & Co.'s payout ratio is 38.86%. Wall Street Analyst Weigh InSeveral brokerages have commented on AJG. UBS Group dropped their price target on shares of Arthur J. Gallagher & Co. from $329.00 to $285.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 17th. Wells Fargo & Company cut their target price on Arthur J. Gallagher & Co. from $344.00 to $328.00 and set an "overweight" rating on the stock in a research note on Monday, December 22nd. Morgan Stanley set a $300.00 price target on Arthur J. Gallagher & Co. in a research note on Friday, December 19th. Barclays lowered Arthur J. Gallagher & Co. from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $328.00 to $250.00 in a report on Thursday, November 20th. Finally, Citigroup decreased their target price on shares of Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a "neutral" rating for the company in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $302.22.Get Our Latest Analysis on Arthur J. Gallagher & Co.Insider Buying and SellingIn related news, CFO Douglas K. Howell sold 5,000 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $258.05, for a total value of $1,290,250.00. Following the completion of the transaction, the chief financial officer owned 95,777 shares in the company, valued at $24,715,254.85. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Walter D. Bay sold 15,850 shares of the business's stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $255.00, for a total value of $4,041,750.00. Following the sale, the general counsel owned 79,549 shares in the company, valued at approximately $20,284,995. The trade was a 16.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,100 shares of company stock valued at $8,243,865 in the last three months. Insiders own 1.30% of the company's stock. Arthur J. Gallagher & Co. Profile (Free Report)Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients. The company's core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.Featured StoriesFive stocks we like better than Arthur J. Gallagher & Co.Do not delete, read immediatelyThe Crash Has Already Started (Most Just Don’t See It Yet)ALERT: Drop these 5 stocks before January 2026![No Brainer Gold Play]: “Show me a better investment.”INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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