Arthur J. Gallagher & Co. $AJG Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,222 shares of the financial services provider’s stock after purchasing an additional 2,767 shares during the period. ProShare Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $14,032,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc grew its holdings in Arthur J. Gallagher & Co. by 1.4% during the third quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 41 shares during the period. AMG National Trust Bank lifted its holdings in Arthur J. Gallagher & Co. by 2.7% in the third quarter. AMG National Trust Bank now owns 1,616 shares of the financial services provider’s stock valued at $501,000 after acquiring an additional 42 shares during the period. Journey Strategic Wealth LLC boosted its position in shares of Arthur J. Gallagher & Co. by 2.9% during the 3rd quarter. Journey Strategic Wealth LLC now owns 1,551 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 43 shares in the last quarter. KCM Investment Advisors LLC grew its stake in shares of Arthur J. Gallagher & Co. by 4.1% during the 3rd quarter. KCM Investment Advisors LLC now owns 1,127 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 44 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in shares of Arthur J. Gallagher & Co. by 0.4% in the 4th quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock valued at $2,604,000 after purchasing an additional 45 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $203.36 on Thursday. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $351.23. The stock has a market cap of $52.24 billion, a P/E ratio of 32.91, a PEG ratio of 1.03 and a beta of 0.54. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $211.82 and a two-hundred day moving average of $232.98.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the business earned $3.67 earnings per share. The company’s quarterly revenue was up 29.0% on a year-over-year basis. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.80 annualized dividend and a yield of 1.4%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.31%.

Analyst Ratings Changes

A number of analysts recently commented on AJG shares. Royal Bank Of Canada assumed coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 17th. They set an “outperform” rating and a $260.00 price objective on the stock. Barclays lifted their price target on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. UBS Group lowered their price target on Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Keefe, Bruyette & Woods dropped their price objective on Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating for the company in a research note on Friday, May 1st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $268.00.

Insiders Place Their Bets

In related news, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $227.57, for a total transaction of $864,766.00. Following the completion of the sale, the vice president owned 85,920 shares in the company, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the transaction, the vice president directly owned 19,306 shares of the company’s stock, valued at $4,384,778.72. The trade was a 17.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

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.