Dakota Wealth Management Acquires 3,583 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Dakota Wealth Management boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,196 shares of the financial services provider's stock after acquiring an additional 3,583 shares during the period. Arthur J. Gallagher & Co. accounts for 0.8% of Dakota Wealth Management's portfolio, making the stock its 25th largest holding. Dakota Wealth Management's holdings in Arthur J. Gallagher & Co. were worth $32,520,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AJG. Norges Bank purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $1,421,591,000. Vanguard Group Inc. grew its stake in Arthur J. Gallagher & Co. by 14.9% during the fourth quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock valued at $8,422,435,000 after acquiring an additional 3,851,661 shares in the last quarter. Winslow Capital Management LLC purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $719,489,000. Capital World Investors lifted its position in Arthur J. Gallagher & Co. by 30.4% during the fourth quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider's stock valued at $2,327,403,000 after purchasing an additional 1,910,471 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Arthur J. Gallagher & Co. by 162.0% during the fourth quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider's stock valued at $801,115,000 after purchasing an additional 1,745,283 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In other news, Director David S. Johnson sold 1,000 shares of the business'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 completion of the sale, the director owned 45,323 shares in the company, valued at approximately $15,502,278.92. The trade was a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott R. Hudson sold 10,500 shares of the business'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 owned 91,175 shares of the company's stock, valued at approximately $30,741,474.75. This represents a 10.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $8,528,080 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Trading Up 0.5%

Shares of Arthur J. Gallagher & Co. stock traded up $1.64 during trading on Wednesday, hitting $309.70. The stock had a trading volume of 1,567,870 shares, compared to its average volume of 1,391,428. Arthur J. Gallagher & Co. has a 12 month low of $267.00 and a 12 month high of $351.23. The firm's fifty day simple moving average is $326.78 and its 200-day simple moving average is $321.04. The stock has a market cap of $79.31 billion, a PE ratio of 44.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick 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 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 analyst estimates of $3.85 billion. During the same quarter last year, the business posted $3.45 EPS. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS 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 issued a dividend of $0.65 per share. The ex-dividend date was Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a yield of 0.84%. Arthur J. Gallagher & Co.'s payout ratio is 37.63%.

Wall Street Analyst Weigh In

Several research firms have commented on AJG. Wells Fargo & Company lowered their price objective on shares of 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. Barclays lowered their price objective on shares of 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, July 7th. Jefferies Financial Group lowered their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective on shares of Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. Finally, Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $318.21.

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.