Avantra Family Wealth Inc. Acquires Shares of 830 Arthur J. Gallagher & Co. (NYSE:AJG)

Avantra Family Wealth Inc. bought 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 disclosure with the Securities & Exchange Commission. The fund bought 830 shares of the financial services provider's stock, valued at approximately $287,000.

Several other hedge funds also recently modified their holdings of AJG. D.A. Davidson & CO. boosted its position in shares of Arthur J. Gallagher & Co. by 3.3% during the fourth quarter. D.A. Davidson & CO. now owns 2,940 shares of the financial services provider's stock valued at $835,000 after buying an additional 95 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $48,000. Wealth Alliance purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $253,000. Concurrent Investment Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. by 4.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 7,979 shares of the financial services provider's stock valued at $2,265,000 after buying an additional 355 shares during the last quarter. Finally, ING Groep NV boosted its position in shares of Arthur J. Gallagher & Co. by 2.2% during the fourth quarter. ING Groep NV now owns 11,290 shares of the financial services provider's stock valued at $3,205,000 after buying an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Trading Up 1.2%

Shares of Arthur J. Gallagher & Co. stock opened at $320.84 on Friday. Arthur J. Gallagher & Co. has a 52-week low of $251.42 and a 52-week high of $351.23. The stock's 50-day simple moving average is $330.89 and its 200 day simple moving average is $317.47. The stock has a market capitalization of $82.17 billion, a P/E ratio of 46.43 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44.

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

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 target price on the stock. 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. Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the stock a "market perform" rating in a research report on Thursday, June 5th. Barclays boosted 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 report on Friday, April 11th. Finally, 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. Two 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $319.29.

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

In other Arthur J. Gallagher & Co. 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 transaction of $4,645,755.00. Following the completion of the transaction, the insider now owns 11,941 shares of the company's stock, valued at $4,109,256.33. The trade was a 53.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Scott R. Hudson sold 10,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, May 21st. The shares were 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 $30,741,474.75. The trade was a 10.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $8,528,080 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

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.

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