Capital Management Associates Inc Takes $394,000 Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Capital Management Associates Inc bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,140 shares of the financial services provider's stock, valued at approximately $394,000.

A number of other hedge funds have also recently modified their holdings of AJG. Checchi Capital Advisers LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.1% in the first quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider's stock valued at $1,001,000 after acquiring an additional 31 shares during the period. Allred Capital Management LLC boosted 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 valued at $960,000 after purchasing an additional 34 shares in the last quarter. City Holding Co. increased its position in 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 worth $394,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC lifted its holdings in shares of 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 during the period. Finally, HBK Sorce Advisory LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 3.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock valued at $333,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of 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 lowered their price target 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. Barclays cut their price objective on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a research report on Monday. Redburn Atlantic began coverage on 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. Finally, Keefe, Bruyette & Woods boosted their price target on Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the stock a "market perform" rating in a report on Thursday, June 5th. Two 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 data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $317.93.

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

In related news, Director David S. Johnson sold 1,000 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $342.04, for a total value of $342,040.00. Following the completion of the sale, the director owned 45,323 shares in the company, valued at approximately $15,502,278.92. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Scott R. Hudson sold 10,500 shares of Arthur J. Gallagher & Co. 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 transaction, the vice president directly owned 91,175 shares in the company, valued at approximately $30,741,474.75. This represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock worth $8,528,080. Insiders own 1.30% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG traded down $2.22 during trading on Tuesday, reaching $313.85. The stock had a trading volume of 1,110,061 shares, compared to its average volume of 1,381,683. Arthur J. Gallagher & Co. has a 52 week low of $263.22 and a 52 week high of $351.23. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $80.38 billion, a price-to-earnings ratio of 45.42 and a beta of 0.71. The stock has a fifty day simple moving average of $328.44 and a two-hundred day simple moving average of $320.20.

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 net margin of 14.39% and a return on equity of 14.83%. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.85 billion. During the same quarter in the prior year, the company posted $3.45 EPS. The business's revenue was up 14.5% on a year-over-year basis. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

About Arthur J. Gallagher & Co.

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.