Chevy Chase Trust Holdings LLC Has $46.07 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Chevy Chase Trust Holdings LLC grew its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,448 shares of the financial services provider's stock after acquiring an additional 2,319 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Arthur J. Gallagher & Co. worth $46,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. HWG Holdings LP acquired a new position in Arthur J. Gallagher & Co. during the 1st quarter worth $25,000. MRP Capital Investments LLC bought a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $28,000. New Age Alpha Advisors LLC grew its stake in Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock worth $31,000 after purchasing an additional 49 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in Arthur J. Gallagher & Co. by 205.4% in the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock valued at $34,000 after buying an additional 76 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $35,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AJG has been the subject of a number of research analyst reports. Barclays boosted their price target 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 lifted their price target on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a "market perform" rating in a report on Thursday, June 5th. Jefferies Financial Group dropped their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company decreased their target price 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, 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 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $319.29.

Insider Activity

In related news, Director David S. Johnson sold 1,000 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $342.04, for a total transaction of $342,040.00. Following the completion of the transaction, the director now owns 45,323 shares of the company's stock, valued at $15,502,278.92. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott R. Hudson sold 10,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were 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 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 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. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

AJG stock traded up $1.33 during trading on Thursday, reaching $318.76. 1,397,262 shares of the company's stock were exchanged, compared to its average volume of 1,351,554. Arthur J. Gallagher & Co. has a 1-year low of $251.42 and a 1-year high of $351.23. The firm has a market cap of $81.63 billion, a PE ratio of 46.13 and a beta of 0.74. The company's fifty day moving average price is $330.01 and its 200-day moving average price is $317.81. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.56.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its earnings results 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. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 14.39% and a return on equity of 14.83%. Arthur J. Gallagher & Co.'s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.45 EPS. On average, research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a yield of 0.82%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 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.