Sendero Wealth Management LLC Makes New $3.58 Million Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Sendero Wealth Management LLC purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,379 shares of the financial services provider's stock, valued at approximately $3,583,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Arthur J. Gallagher & Co. by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock valued at $8,422,435,000 after purchasing an additional 3,851,661 shares during the last quarter. Capital International Investors boosted its position in Arthur J. Gallagher & Co. by 3.1% during the fourth quarter. Capital International Investors now owns 10,067,647 shares of the financial services provider's stock worth $2,857,737,000 after acquiring an additional 305,876 shares during the last quarter. Capital World Investors grew its stake in Arthur J. Gallagher & Co. by 30.4% during the 4th quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider's stock valued at $2,327,403,000 after acquiring an additional 1,910,471 shares in the last quarter. Geode Capital Management LLC raised its holdings in Arthur J. Gallagher & Co. by 14.3% in the 4th quarter. Geode Capital Management LLC now owns 6,277,993 shares of the financial services provider's stock valued at $1,779,248,000 after acquiring an additional 787,265 shares during the last quarter. Finally, Norges Bank purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $1,421,591,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AJG shares. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price target for the company. Barclays raised their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Jefferies Financial Group reduced their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a 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 company a "market perform" rating in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $319.36.

Insider Activity at Arthur J. Gallagher & Co.

In other news, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $344.13, for a total value of $4,645,755.00. Following the completion of the transaction, the insider now owns 11,941 shares in the company, valued at approximately $4,109,256.33. This trade represents a 53.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Scott R. Hudson sold 10,500 shares of the business'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 now directly owns 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. Over the last three months, insiders sold 32,510 shares of company stock worth $11,033,341. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Trading Up 0.4%

AJG traded up $1.46 during mid-day trading on Friday, hitting $328.91. 416,115 shares of the stock were exchanged, compared to its average volume of 1,331,629. The company has a market cap of $84.23 billion, a PE ratio of 50.48 and a beta of 0.74. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The firm's fifty day moving average is $332.75 and its two-hundred day moving average is $316.55. Arthur J. Gallagher & Co. has a 1-year low of $250.72 and a 1-year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.85 billion. During the same quarter in the prior year, the company earned $3.45 earnings per share. The business's quarterly revenue was up 14.5% on a year-over-year basis. Equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s payout ratio is currently 37.63%.

Arthur J. Gallagher & Co. Company 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.