Clear Creek Financial Management LLC Invests $240,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

Clear Creek Financial Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 694 shares of the financial services provider’s stock, valued at approximately $240,000.

A number of other large investors also recently added to or reduced their stakes in the stock. HWG Holdings LP acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $25,000. MRP Capital Investments LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $28,000. New Age Alpha Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock valued at $31,000 after buying an additional 49 shares during the last quarter. Johnson Financial Group Inc. raised its position in shares of Arthur J. Gallagher & Co. by 205.4% in the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock valued at $34,000 after buying an additional 76 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Arthur J. Gallagher & Co. by 2,750.0% in the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 110 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Trading Up 0.2%

Shares of AJG stock opened at $316.50 on Friday. The company has a 50 day moving average price of $328.71 and a 200 day moving average price of $319.17. The stock has a market capitalization of $81.06 billion, a P/E ratio of 45.80 and a beta of 0.71. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44. Arthur J. Gallagher & Co. has a fifty-two week low of $260.83 and a fifty-two week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping the consensus estimate of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the previous year, the firm posted $3.45 EPS. Arthur J. Gallagher & Co.’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, June 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 37.63%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company cut their price target on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an “overweight” rating for the company in a report on Monday, June 9th. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 target price for the company. Keefe, Bruyette & Woods raised 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. Jefferies Financial Group cut their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Finally, Barclays raised their price objective on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $319.29.

Insiders Place Their Bets

In other news, insider Susan E. Pietrucha sold 13,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 11,941 shares of the company’s stock, valued at approximately $4,109,256.33. This represents a 53.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Scott R. Hudson sold 10,500 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $337.17, for a total value of $3,540,285.00. Following the transaction, the vice president directly owned 91,175 shares of the company’s stock, valued at approximately $30,741,474.75. This represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $8,528,080 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

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.