Invesco LLC Boosts Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Invesco LLC lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,915 shares of the financial services provider’s stock after purchasing an additional 56 shares during the quarter. Invesco LLC’s holdings in Arthur J. Gallagher & Co. were worth $661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. D.A. Davidson & CO. increased its stake in shares of Arthur J. Gallagher & Co. by 3.3% in the fourth quarter. D.A. Davidson & CO. now owns 2,940 shares of the financial services provider’s stock worth $835,000 after acquiring an additional 95 shares during the period. Pinnacle Financial Partners Inc lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.5% in the 4th quarter. Pinnacle Financial Partners Inc now owns 2,340 shares of the financial services provider’s stock valued at $664,000 after buying an additional 80 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 16.0% in the fourth quarter. Wealthspire Advisors LLC now owns 4,209 shares of the financial services provider’s stock worth $1,195,000 after buying an additional 582 shares during the last quarter. Howard Capital Management Inc. raised its position in Arthur J. Gallagher & Co. by 58.1% during the fourth quarter. Howard Capital Management Inc. now owns 2,193 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 806 shares in the last quarter. Finally, C WorldWide Group Holding A S lifted its holdings in Arthur J. Gallagher & Co. by 14.2% in the fourth quarter. C WorldWide Group Holding A S now owns 6,549 shares of the financial services provider’s stock valued at $1,859,000 after acquiring an additional 812 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AJG. Jefferies Financial Group lowered their target price on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price objective for the company. Barclays increased their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods upped their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the stock a “market perform” rating in a research report on Thursday, June 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an “overweight” rating on the stock in a report on Monday, June 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued 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 price target of $319.29.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 1,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $342.04, for a total value of $342,040.00. Following the sale, the director now directly owns 45,323 shares of the company’s stock, valued at approximately $15,502,278.92. This represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, May 19th. The stock was sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the sale, the insider now directly owns 11,941 shares of the company’s stock, valued at approximately $4,109,256.33. This trade represents a 53.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $8,528,080 in the last quarter. 1.30% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $324.31 on Tuesday. Arthur J. Gallagher & Co. has a 1-year low of $251.42 and a 1-year high of $351.23. The firm has a 50 day simple moving average of $330.50 and a 200-day simple moving average of $317.76. The stock has a market cap of $83.06 billion, a price-to-earnings ratio of 46.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.44.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.10. Arthur J. Gallagher & Co. had a net margin of 14.39% and a return on equity of 14.83%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter last year, the company posted $3.45 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.65 per share. The ex-dividend date was Friday, June 6th. This represents a $2.60 annualized dividend and a yield of 0.80%. Arthur J. Gallagher & Co.’s payout ratio is 37.63%.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.