Bfsg LLC Boosts Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Bfsg LLC grew its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,067 shares of the financial services provider's stock after acquiring an additional 2,003 shares during the quarter. Bfsg LLC's holdings in Arthur J. Gallagher & Co. were worth $6,237,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Arthur J. Gallagher & Co. by 9.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,198 shares of the financial services provider's stock worth $3,089,000 after buying an additional 982 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its stake in Arthur J. Gallagher & Co. by 2.3% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,911 shares of the financial services provider's stock worth $542,000 after purchasing an additional 43 shares during the period. Principal Securities Inc. grew its stake in Arthur J. Gallagher & Co. by 29.5% in the fourth quarter. Principal Securities Inc. now owns 11,317 shares of the financial services provider's stock worth $3,212,000 after purchasing an additional 2,576 shares during the period. Allworth Financial LP grew its stake in Arthur J. Gallagher & Co. by 25.9% in the fourth quarter. Allworth Financial LP now owns 3,710 shares of the financial services provider's stock worth $1,089,000 after purchasing an additional 763 shares during the period. Finally, Csenge Advisory Group boosted its holdings in Arthur J. Gallagher & Co. by 5.4% in the fourth quarter. Csenge Advisory Group now owns 2,714 shares of the financial services provider's stock worth $770,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $316.29 on Tuesday. The firm has a market capitalization of $81.00 billion, a price-to-earnings ratio of 48.51 and a beta of 0.74. Arthur J. Gallagher & Co. has a 1 year low of $251.42 and a 1 year high of $351.23. The business has a 50 day simple moving average of $331.62 and a 200-day simple moving average of $317.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51.

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

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.82%. Arthur J. Gallagher & Co.'s payout ratio is currently 37.63%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AJG. Jefferies Financial Group dropped their target price 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. Barclays increased their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods upped their price target 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. Wells Fargo & Company reduced their price target on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Finally, Redburn Atlantic assumed 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 for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of "Hold" and a consensus target price of $319.29.

Insiders Place Their Bets

In related news, VP Scott R. Hudson sold 7,510 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares of the company's stock, valued at $30,029,771.80. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David S. Johnson sold 1,000 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $342.04, for a total value of $342,040.00. Following the sale, the director now directly owns 45,323 shares in the company, valued at approximately $15,502,278.92. The trade was a 2.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,510 shares of company stock worth $11,033,341 in the last ninety days. 1.60% of the stock is owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.