Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. grew its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 47.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,476 shares of the financial services provider's stock after buying an additional 800 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Arthur J. Gallagher & Co. were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Curated Wealth Partners LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at $473,000. Yousif Capital Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 1.6% in the first quarter. Yousif Capital Management LLC now owns 33,523 shares of the financial services provider's stock valued at $11,573,000 after purchasing an additional 527 shares during the period. City Holding Co. boosted its holdings in Arthur J. Gallagher & Co. by 3.1% in the first 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. Daymark Wealth Partners LLC purchased a new position in Arthur J. Gallagher & Co. in the first quarter valued at $257,000. Finally, Portside Wealth Group LLC boosted its holdings in Arthur J. Gallagher & Co. by 24.8% in the first quarter. Portside Wealth Group LLC now owns 1,162 shares of the financial services provider's stock valued at $401,000 after purchasing an additional 231 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Performance

AJG stock traded down $3.77 during trading on Friday, hitting $316.38. The company had a trading volume of 1,038,988 shares, compared to its average volume of 1,341,506. The firm has a market cap of $81.02 billion, a PE ratio of 48.52 and a beta of 0.74. Arthur J. Gallagher & Co. has a 1-year low of $251.42 and a 1-year high of $351.23. The firm has a 50-day moving average price of $331.51 and a 200-day moving average price of $317.21. 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, beating the consensus estimate of $3.57 by $0.10. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.45 EPS. On average, analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 1,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $342.04, for a total transaction of $342,040.00. Following the transaction, the director now owns 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 is accessible through the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the transaction, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. The trade was a 7.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,510 shares of company stock worth $11,033,341 in the last quarter. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods lifted 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. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price target for the company. Wells Fargo & Company decreased their price target on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Barclays lifted their price target on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Finally, Jefferies Financial Group decreased their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $319.29.

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.