Eagle Wealth Strategies LLC Has $1.91 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Eagle Wealth Strategies LLC lessened its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 21.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,519 shares of the financial services provider’s stock after selling 1,501 shares during the period. Arthur J. Gallagher & Co. comprises 1.2% of Eagle Wealth Strategies LLC’s investment portfolio, making the stock its 14th largest holding. Eagle Wealth Strategies LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hartford Investment Management Co. increased its holdings in shares of Arthur J. Gallagher & Co. by 11.1% in the 4th quarter. Hartford Investment Management Co. now owns 15,434 shares of the financial services provider’s stock valued at $4,381,000 after purchasing an additional 1,537 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Arthur J. Gallagher & Co. by 23.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,055 shares of the financial services provider’s stock valued at $7,963,000 after purchasing an additional 5,333 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Arthur J. Gallagher & Co. by 337.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,243 shares of the financial services provider’s stock valued at $921,000 after purchasing an additional 2,502 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 126.2% in the 4th quarter. Principal Financial Group Inc. now owns 2,003,237 shares of the financial services provider’s stock valued at $568,619,000 after purchasing an additional 1,117,441 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 19.7% in the 4th quarter. Proficio Capital Partners LLC now owns 948 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, 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 transaction, the director now directly owns 45,323 shares in the company, valued at $15,502,278.92. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the transaction, the vice president now owns 90,020 shares of the company’s stock, valued at approximately $30,029,771.80. This trade represents a 7.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,510 shares of company stock worth $11,033,341 over the last three months. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an “equal weight” rating in a report on Friday, April 11th. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price target for the company. Wells Fargo & Company boosted their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday, April 10th. Keefe, Bruyette & Woods boosted their price target on Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Jefferies Financial Group lowered their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus target price of $319.36.

Arthur J. Gallagher & Co. Stock Up 0.2%

Shares of Arthur J. Gallagher & Co. stock opened at $328.90 on Friday. The stock has a market capitalization of $84.23 billion, a P/E ratio of 50.44 and a beta of 0.74. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $332.45 and a two-hundred day moving average price of $316.95. Arthur J. Gallagher & Co. has a 12-month low of $251.42 and a 12-month high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced 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 during 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.45 earnings per share. Equities analysts expect 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 issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.79%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 37.63%.

Arthur J. Gallagher & Co. Company 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.