Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC decreased its holdings in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,368 shares of the financial services provider’s stock after selling 318 shares during the quarter. Oak Ridge Investments LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,207,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AJG. Beaird Harris Wealth Management LLC grew its stake in shares of Arthur J. Gallagher & Co. by 175.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. in the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 460.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 106 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth about $30,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AJG. Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $279.00 to $233.00 in a report on Tuesday, January 9th. TD Cowen began coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, January 10th. They set a “market perform” rating and a $249.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating on the stock in a report on Friday, January 26th. Finally, Raymond James lowered shares of Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $256.54.

Read Our Latest Research Report on AJG

Arthur J. Gallagher & Co. Stock Down 1.5 %

Shares of NYSE:AJG opened at $246.53 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $241.91 and a 200 day simple moving average of $237.33. The firm has a market cap of $53.45 billion, a PE ratio of 55.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.68. Arthur J. Gallagher & Co. has a 12-month low of $179.97 and a 12-month high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. During the same quarter in the previous year, the firm earned $1.54 earnings per share. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.1 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.60 per share. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.40 annualized dividend and a yield of 0.97%. Arthur J. Gallagher & Co.’s payout ratio is presently 54.05%.

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

In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the sale, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director David S. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the transaction, the director now owns 45,038 shares in the company, valued at $10,540,693.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joel D. Cavaness sold 1,207 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The disclosure for this sale can be found here. Insiders sold a total of 29,016 shares of company stock worth $7,176,180 over the last 90 days. Insiders own 1.40% of the company’s stock.

About Arthur J. Gallagher & Co.

(Free Report)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.

Read More

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJGFree Report).

Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.