Wealthfront Advisers LLC Grows Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Wealthfront Advisers LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,505 shares of the financial services provider's stock after acquiring an additional 1,639 shares during the quarter. Wealthfront Advisers LLC's holdings in Arthur J. Gallagher & Co. were worth $10,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Checchi Capital Advisers LLC increased its position in shares of Arthur J. Gallagher & Co. by 1.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider's stock valued at $1,001,000 after purchasing an additional 31 shares during the last quarter. Allred Capital Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider's stock valued at $960,000 after purchasing an additional 34 shares during the last quarter. City Holding Co. increased its position in shares of Arthur J. Gallagher & Co. by 3.1% during the 1st quarter. City Holding Co. now owns 1,140 shares of the financial services provider's stock valued at $394,000 after purchasing an additional 34 shares during the last quarter. CVA Family Office LLC increased 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 purchasing an additional 34 shares during the last quarter. Finally, RFG Advisory LLC increased its position in shares of Arthur J. Gallagher & Co. by 0.5% during the 1st quarter. RFG Advisory LLC now owns 7,195 shares of the financial services provider's stock valued at $2,484,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Up 0.0%

Shares of AJG stock traded up $0.15 during mid-day trading on Friday, hitting $314.06. The stock had a trading volume of 190,247 shares, compared to its average volume of 1,391,380. Arthur J. Gallagher & Co. has a 12-month low of $267.00 and a 12-month high of $351.23. The firm has a market capitalization of $80.43 billion, a P/E ratio of 45.41 and a beta of 0.71. The firm's 50-day moving average is $325.70 and its two-hundred day moving average is $321.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.44.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.10. The business had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.45 EPS. On average, analysts predict 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 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 dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 37.63%.

Insider Buying and Selling

In related news, VP Scott R. Hudson sold 10,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $337.17, for a total transaction of $3,540,285.00. Following the completion of the sale, the vice president directly owned 91,175 shares in the company, valued at $30,741,474.75. This represents a 10.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Susan E. Pietrucha sold 13,500 shares of the company's stock in a transaction on 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 sale, the insider owned 11,941 shares of the company's stock, valued at $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 in the last three months. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AJG has been the topic of several analyst reports. Barclays cut their target price on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Keefe, Bruyette & Woods upped their price objective on Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. Wells Fargo & Company cut 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, June 9th. Jefferies Financial Group cut their price objective on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Finally, Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $318.21.

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.