Spirepoint Private Client LLC Purchases 2,049 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

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

Several other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth $1,421,591,000. Vanguard Group Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 14.9% in 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 acquiring an additional 3,851,661 shares during the last quarter. Winslow Capital Management LLC purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter worth about $719,489,000. Capital World Investors raised 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 period. Finally, Wellington Management Group LLP lifted its stake in shares of Arthur J. Gallagher & Co. by 162.0% in the 4th 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. Institutional investors own 85.53% of the company's stock.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the transaction, the insider now owns 11,941 shares of the company's stock, valued at approximately $4,109,256.33. This trade represents a 53.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David S. Johnson sold 1,000 shares of the company'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 completion of the sale, the director now directly owns 45,323 shares of the company's stock, valued at $15,502,278.92. The trade was a 2.16% 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 over the last three months. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 target price on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a "market perform" rating in a research report on Thursday, June 5th. Barclays raised their target price on shares of 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. Wells Fargo & Company cut their price target on shares of 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, Jefferies Financial Group reduced their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $319.29.

Arthur J. Gallagher & Co. Trading Down 0.2%

Arthur J. Gallagher & Co. stock traded down $0.69 during trading hours on Friday, hitting $317.70. The company had a trading volume of 5,446,954 shares, compared to its average volume of 1,369,728. The firm has a market cap of $81.36 billion, a P/E ratio of 45.98 and a beta of 0.74. The company has a 50-day moving average price of $329.57 and a two-hundred day moving average price of $318.23. Arthur J. Gallagher & Co. has a 1 year low of $257.58 and a 1 year high of $351.23. 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. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.10. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. Arthur J. Gallagher & Co.'s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.45 earnings per share. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid 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 0.82%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

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.