Brown Miller Wealth Management LLC Takes $388,000 Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Brown Miller Wealth Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,123 shares of the financial services provider's stock, valued at approximately $388,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allred Capital Management LLC grew its position in shares of Arthur J. Gallagher & Co. by 1.0% in the fourth 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. boosted its stake in Arthur J. Gallagher & Co. by 3.1% in 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 period. CVA Family Office LLC grew its holdings in Arthur J. Gallagher & Co. by 34.3% in 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 increased its position in 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 worth $333,000 after buying an additional 36 shares during the period. Finally, RFG Advisory LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 0.5% during the first quarter. RFG Advisory LLC now owns 7,195 shares of the financial services provider's stock worth $2,484,000 after buying an additional 36 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Jefferies Financial Group decreased 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 research report on Friday, April 11th. Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a 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 target on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Finally, Keefe, Bruyette & Woods increased 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. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $319.29.

Arthur J. Gallagher & Co. Stock Down 1.2%

NYSE AJG opened at $316.38 on Monday. The business has a fifty day moving average price of $331.51 and a two-hundred day moving average price of $317.24. The stock has a market capitalization of $81.02 billion, a PE ratio of 48.52 and a beta of 0.74. Arthur J. Gallagher & Co. has a fifty-two week low of $251.42 and a fifty-two week high of $351.23. 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 announced its quarterly earnings data 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. 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 the consensus estimate of $3.85 billion. During the same period in the prior year, the company earned $3.45 EPS. Arthur J. Gallagher & Co.'s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts expect 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 declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.82%. Arthur J. Gallagher & Co.'s payout ratio is currently 37.63%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 7,510 shares of the firm's stock in a transaction on 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David S. Johnson sold 1,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $342.04, for a total value of $342,040.00. Following the sale, the director now owns 45,323 shares in the company, valued at $15,502,278.92. This represents a 2.16% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,510 shares of company stock valued at $11,033,341. 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.

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