IronOak Wealth LLC. Takes $548,000 Position in Arthur J. Gallagher & Co. (NYSE:AJG)

IronOak Wealth LLC. purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,931 shares of the financial services provider's stock, valued at approximately $548,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual Advisors LLC grew its position in shares of Arthur J. Gallagher & Co. by 12.1% in the 4th quarter. Mutual Advisors LLC now owns 1,790 shares of the financial services provider's stock worth $530,000 after buying an additional 193 shares during the period. Blue Trust Inc. boosted its stake in Arthur J. Gallagher & Co. by 25.6% in the 4th quarter. Blue Trust Inc. now owns 2,568 shares of the financial services provider's stock worth $723,000 after purchasing an additional 523 shares in the last quarter. Parsons Capital Management Inc. RI boosted its stake in Arthur J. Gallagher & Co. by 16.0% in the 4th quarter. Parsons Capital Management Inc. RI now owns 5,082 shares of the financial services provider's stock worth $1,443,000 after purchasing an additional 700 shares in the last quarter. Lebenthal Global Advisors LLC boosted its stake in Arthur J. Gallagher & Co. by 13.4% in the 4th quarter. Lebenthal Global Advisors LLC now owns 4,099 shares of the financial services provider's stock worth $1,164,000 after purchasing an additional 483 shares in the last quarter. Finally, BankPlus Wealth Management LLC bought a new position in Arthur J. Gallagher & Co. in the 4th quarter worth about $945,000. 85.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AJG. Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a "market perform" rating in a research note on Friday, May 2nd. Jefferies Financial Group dropped 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 note on Friday, April 11th. Royal Bank of Canada upped their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Wells Fargo & Company upped their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a research note on Thursday, April 10th. Finally, Barclays upped their target price 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of "Hold" and an average target price of $318.57.

Arthur J. Gallagher & Co. Trading Up 1.7%

AJG traded up $5.74 during trading on Friday, reaching $347.64. The company had a trading volume of 2,545,224 shares, compared to its average volume of 1,330,346. The stock has a market cap of $89.03 billion, a P/E ratio of 53.32 and a beta of 0.78. The business has a 50 day simple moving average of $332.85 and a 200-day simple moving average of $315.32. Arthur J. Gallagher & Co. has a 52 week low of $250.51 and a 52 week high of $350.70. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

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

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.75%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 37.63%.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, 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 completion of the sale, the vice president now directly owns 91,175 shares in the company, valued at approximately $30,741,474.75. This trade represents a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David S. Johnson sold 1,000 shares of Arthur J. Gallagher & Co. 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 of the company's stock, valued at approximately $15,502,278.92. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,510 shares of company stock worth $11,033,341. 1.60% of the stock is currently owned by insiders.

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.