Pathstone Holdings LLC Has $9.88 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Pathstone Holdings LLC boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,813 shares of the financial services provider’s stock after acquiring an additional 1,793 shares during the quarter. Pathstone Holdings LLC’s holdings in Arthur J. Gallagher & Co. were worth $9,882,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $25,000. MRP Capital Investments LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $28,000. New Age Alpha Advisors LLC increased its stake in shares of Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock valued at $31,000 after buying an additional 49 shares in the last quarter. Johnson Financial Group Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 205.4% in the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock valued at $34,000 after buying an additional 76 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $35,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 7,510 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares of the company’s stock, valued at $30,029,771.80. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AJG shares. Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a “market perform” rating in a research note on Friday, May 2nd. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price target on the stock. Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Thursday, April 10th. Jefferies Financial Group decreased their price target 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. Finally, Royal Bank of Canada raised their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Two 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. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $318.57.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $338.19 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 1 year low of $244.60 and a 1 year high of $350.70. The stock has a market cap of $86.61 billion, a P/E ratio of 51.87 and a beta of 0.78. The stock’s 50-day moving average price is $330.48 and its two-hundred day moving average price is $311.28.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its 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. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.45 earnings per share. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, June 6th. 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.