Simon Quick Advisors LLC Has $553,000 Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Simon Quick Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 99.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,603 shares of the financial services provider's stock after acquiring an additional 798 shares during the period. Simon Quick Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $553,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Arthur J. Gallagher & Co. by 14.9% during the 4th quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock valued at $8,422,435,000 after purchasing an additional 3,851,661 shares during the period. Capital International Investors increased its position in shares of Arthur J. Gallagher & Co. by 3.1% during the 4th quarter. Capital International Investors now owns 10,067,647 shares of the financial services provider's stock valued at $2,857,737,000 after purchasing an additional 305,876 shares during the period. Capital World Investors increased its position in shares of Arthur J. Gallagher & Co. by 30.4% during the 4th 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 period. Geode Capital Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 14.3% during the 4th quarter. Geode Capital Management LLC now owns 6,277,993 shares of the financial services provider's stock valued at $1,779,248,000 after purchasing an additional 787,265 shares during the period. Finally, Norges Bank acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $1,421,591,000. Institutional investors own 85.53% of the company's stock.

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

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $344.13, for a total value of $4,645,755.00. Following the completion of the sale, the insider now owns 11,941 shares of the company's stock, valued at $4,109,256.33. The trade was a 53.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction dated 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 completion of the sale, the vice president now directly owns 90,020 shares of the company's stock, valued at $30,029,771.80. This represents 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 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Down 1.2%

Shares of AJG stock traded down $3.77 on Friday, reaching $316.38. 1,038,988 shares of the company's stock traded hands, compared to its average volume of 1,341,506. Arthur J. Gallagher & Co. has a 12-month low of $251.42 and a 12-month high of $351.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $81.02 billion, a P/E ratio of 48.52 and a beta of 0.74. The business's 50 day moving average price is $331.51 and its two-hundred day moving average price is $317.21.

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 for the quarter, beating analysts' consensus estimates of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the company posted $3.45 earnings per share. Arthur J. Gallagher & Co.'s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.65 dividend. The ex-dividend date is 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 currently 37.63%.

Wall Street Analysts Forecast Growth

AJG has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Jefferies Financial Group decreased their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Barclays lifted their target price 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. Keefe, Bruyette & Woods lifted their target price 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. Finally, Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $319.29.

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.