Spirepoint Private Client LLC Has $6.22 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Spirepoint Private Client LLC lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,022 shares of the financial services provider's stock after acquiring an additional 2,049 shares during the period. Spirepoint Private Client LLC's holdings in Arthur J. Gallagher & Co. were worth $6,222,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its position in shares of Arthur J. Gallagher & Co. by 10.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 108,134 shares of the financial services provider's stock worth $37,332,000 after purchasing an additional 10,216 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Arthur J. Gallagher & Co. by 1.6% in the first quarter. Oppenheimer & Co. Inc. now owns 7,154 shares of the financial services provider's stock valued at $2,470,000 after buying an additional 113 shares during the last quarter. HWG Holdings LP acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at $25,000. Wolff Wiese Magana LLC grew its position in shares of Arthur J. Gallagher & Co. by 2,895.5% during the first quarter. Wolff Wiese Magana LLC now owns 1,318 shares of the financial services provider's stock worth $455,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Avantra Family Wealth Inc. bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at about $287,000. 85.53% of the stock is currently owned by institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In related news, insider Susan E. Pietrucha sold 13,500 shares of the business's stock in a transaction that occurred on 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 approximately $4,109,256.33. The trade was a 53.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Scott R. Hudson sold 10,500 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $30,741,474.75. This represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $8,528,080. Insiders own 1.30% of the company's stock.

Arthur J. Gallagher & Co. Stock Up 0.6%

NYSE:AJG traded up $2.06 during trading hours on Tuesday, hitting $326.18. 1,024,893 shares of the company's stock traded hands, compared to its average volume of 1,537,680. The stock's fifty day moving average price is $330.50 and its two-hundred day moving average price is $317.76. The firm has a market cap of $83.53 billion, a P/E ratio of 47.20 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44. Arthur J. Gallagher & Co. has a twelve month low of $251.42 and a twelve month high of $351.23.

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

Arthur J. Gallagher & Co. Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.80%. Arthur J. Gallagher & Co.'s dividend payout ratio is 37.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on 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 decreased their target price 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. Barclays upped their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Wells Fargo & Company dropped 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. Finally, Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price target for the company. Two equities research 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. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus 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.