Arete Wealth Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,982 shares of the financial services provider’s stock, valued at approximately $953,000.
Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Arthur J. Gallagher & Co. by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 280,001 shares of the financial services provider’s stock worth $53,567,000 after purchasing an additional 6,290 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth $29,000. Trust Co. of Vermont increased its stake in shares of Arthur J. Gallagher & Co. by 52.4% in the first quarter. Trust Co. of Vermont now owns 1,448 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 498 shares during the period. Townsquare Capital LLC increased its stake in shares of Arthur J. Gallagher & Co. by 17.8% in the fourth quarter. Townsquare Capital LLC now owns 6,702 shares of the financial services provider’s stock worth $1,263,000 after acquiring an additional 1,012 shares during the period. Finally, Wrapmanager Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 7.5% in the first quarter. Wrapmanager Inc. now owns 4,305 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 302 shares during the period. Hedge funds and other institutional investors own 81.15% of the company’s stock.
Insider Activity
In related news, CFO Douglas K. Howell sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $225.99, for a total transaction of $6,779,700.00. Following the completion of the sale, the chief financial officer now directly owns 164,371 shares in the company, valued at $37,146,202.29. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Douglas K. Howell sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $225.99, for a total transaction of $6,779,700.00. Following the completion of the sale, the chief financial officer now directly owns 164,371 shares in the company, valued at $37,146,202.29. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher E. Mead sold 3,300 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $226.14, for a total transaction of $746,262.00. Following the sale, the vice president now owns 10,816 shares of the company’s stock, valued at $2,445,930.24. The disclosure for this sale can be found here. Insiders sold 37,888 shares of company stock worth $8,576,247 over the last three months. Insiders own 1.60% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Analysis on AJG
Arthur J. Gallagher & Co. Price Performance
Shares of NYSE AJG opened at $231.45 on Friday. The firm has a 50-day simple moving average of $222.60 and a 200-day simple moving average of $209.36. The stock has a market capitalization of $49.88 billion, a price-to-earnings ratio of 45.12, a price-to-earnings-growth ratio of 2.16 and a beta of 0.69. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. Arthur J. Gallagher & Co. has a 52 week low of $167.93 and a 52 week high of $232.41.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.04. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Arthur J. Gallagher & Co. had a net margin of 12.11% and a return on equity of 18.65%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 earnings per share. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 8.75 earnings per share for the current fiscal year.
Arthur J. Gallagher & Co. Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, August 31st. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 42.88%.
About Arthur J. Gallagher & Co.
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 businesses and organizations 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.
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