Curated Wealth Partners LLC Takes Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Curated Wealth Partners LLC purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,370 shares of the financial services provider's stock, valued at approximately $473,000.

A number of other institutional investors also recently bought and sold shares of the stock. MRP Capital Investments LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $28,000. New Age Alpha Advisors LLC increased its stake in shares of Arthur J. Gallagher & Co. by 81.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock worth $31,000 after acquiring an additional 49 shares in the last quarter. Johnson Financial Group Inc. lifted its position in Arthur J. Gallagher & Co. by 205.4% during the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 76 shares during the period. Parvin Asset Management LLC purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth about $35,000. Finally, OFI Invest Asset Management bought a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $42,000. 85.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the stock a "market perform" rating in a research note on Thursday, June 5th. Jefferies Financial Group dropped 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 report on Friday, April 11th. Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Barclays boosted their price objective 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $319.29.

Insider Activity

In related news, insider Susan E. Pietrucha sold 13,500 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the completion of the sale, the insider now owns 11,941 shares of the company's stock, valued at $4,109,256.33. This represents a 53.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott R. Hudson sold 7,510 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the transaction, the vice president now directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. The trade was a 7.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,510 shares of company stock worth $11,033,341. 1.30% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Trading Down 0.5%

AJG traded down $1.44 on Wednesday, hitting $312.96. The company had a trading volume of 1,428,673 shares, compared to its average volume of 1,340,836. The business's fifty day simple moving average is $331.33 and its 200 day simple moving average is $317.12. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 12-month low of $251.42 and a 12-month high of $351.23. The company has a market cap of $80.15 billion, a PE ratio of 48.00 and a beta of 0.74.

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

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a yield of 0.83%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

About Arthur J. Gallagher & Co.

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.