Accurate Wealth Management LLC Cuts Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Accurate Wealth Management LLC trimmed its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 24.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,453 shares of the financial services provider’s stock after selling 788 shares during the quarter. Accurate Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $819,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allred Capital Management LLC lifted its position in Arthur J. Gallagher & Co. by 1.0% during the fourth quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider’s stock valued at $960,000 after buying an additional 34 shares in the last quarter. City Holding Co. lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.1% during the 1st quarter. City Holding Co. now owns 1,140 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 34 shares in the last quarter. HBK Sorce Advisory LLC boosted its position in Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 36 shares during the period. RFG Advisory LLC increased its holdings in Arthur J. Gallagher & Co. by 0.5% in the 1st quarter. RFG Advisory LLC now owns 7,195 shares of the financial services provider’s stock valued at $2,484,000 after purchasing an additional 36 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in Arthur J. Gallagher & Co. by 3.6% in the first quarter. Sivia Capital Partners LLC now owns 1,059 shares of the financial services provider’s stock valued at $366,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling

In other news, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the transaction, the vice president now owns 90,020 shares in the company, valued at approximately $30,029,771.80. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David S. Johnson sold 1,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, May 16th. The shares were 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 owns 45,323 shares in the company, valued at approximately $15,502,278.92. This represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,510 shares of company stock valued at $11,033,341. Insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $314.29 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. Arthur J. Gallagher & Co. has a 12 month low of $251.42 and a 12 month high of $351.23. The company has a fifty day moving average price of $331.33 and a two-hundred day moving average price of $317.12. The company has a market cap of $80.49 billion, a PE ratio of 48.20 and a beta of 0.74.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, beating the consensus estimate of $3.57 by $0.10. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.45 EPS. Research analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced 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. This represents a $2.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 37.63%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AJG shares. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 target price for the company. Wells Fargo & Company decreased their price target on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an “overweight” rating for the company in a report on Monday. Barclays lifted their price objective on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods upped their target price on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a “market perform” rating in a research note on Thursday, June 5th. Finally, Jefferies Financial Group dropped their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $319.29.

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.