Arlington Trust Co LLC Boosts Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Arlington Trust Co LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 46.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,844 shares of the financial services provider's stock after acquiring an additional 1,854 shares during the quarter. Arlington Trust Co LLC's holdings in Arthur J. Gallagher & Co. were worth $2,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allred Capital Management LLC raised its holdings in Arthur J. Gallagher & Co. by 1.0% in the 4th quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider's stock worth $960,000 after purchasing an additional 34 shares during the period. City Holding Co. raised its stake in shares of Arthur J. Gallagher & Co. by 3.1% in the first quarter. City Holding Co. now owns 1,140 shares of the financial services provider's stock worth $394,000 after buying an additional 34 shares during the period. CVA Family Office LLC lifted its position in shares of Arthur J. Gallagher & Co. by 34.3% during the 1st quarter. CVA Family Office LLC now owns 133 shares of the financial services provider's stock valued at $46,000 after buying an additional 34 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock valued at $333,000 after acquiring an additional 36 shares during the period. Finally, RFG Advisory LLC increased its holdings in Arthur J. Gallagher & Co. by 0.5% in the 1st quarter. RFG Advisory LLC now owns 7,195 shares of the financial services provider's stock worth $2,484,000 after acquiring an additional 36 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AJG has been the topic of several analyst reports. Wells Fargo & Company lowered their price target 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. Keefe, Bruyette & Woods raised 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 research report on Thursday, June 5th. Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price for the company. Jefferies Financial Group decreased 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. Finally, Barclays upped their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $319.29.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG stock traded up $0.76 during trading hours on Friday, hitting $316.50. The stock had a trading volume of 639,946 shares, compared to its average volume of 1,380,726. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $81.06 billion, a price-to-earnings ratio of 45.80 and a beta of 0.71. Arthur J. Gallagher & Co. has a one year low of $263.22 and a one year high of $351.23. The stock's 50-day moving average price is $328.60 and its two-hundred day moving average price is $319.69.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. The company's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.45 EPS. Equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared 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. This represents a $2.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, June 6th. Arthur J. Gallagher & Co.'s payout ratio is 37.63%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 10,500 shares of Arthur J. Gallagher & Co. 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 completion of the transaction, the vice president owned 91,175 shares in the company, valued at approximately $30,741,474.75. This trade represents a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan E. Pietrucha sold 13,500 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $344.13, for a total value of $4,645,755.00. Following the sale, the insider owned 11,941 shares in the company, 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 sold 25,000 shares of company stock worth $8,528,080 over the last 90 days. 1.60% of the stock is owned by insiders.

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.