International Assets Investment Management LLC Purchases 164 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

International Assets Investment Management LLC increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 18.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,047 shares of the financial services provider’s stock after purchasing an additional 164 shares during the period. International Assets Investment Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $361,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. HWG Holdings LP bought a new position in Arthur J. Gallagher & Co. in the 1st quarter worth approximately $25,000. MRP Capital Investments LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $28,000. New Age Alpha Advisors LLC increased its position in Arthur J. Gallagher & Co. by 81.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 49 shares during the period. Johnson Financial Group Inc. raised its stake in Arthur J. Gallagher & Co. by 205.4% during the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 76 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.2%

Shares of NYSE:AJG opened at $317.70 on Friday. The company’s fifty day moving average is $329.57 and its 200-day moving average is $318.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44. Arthur J. Gallagher & Co. has a 52 week low of $257.58 and a 52 week high of $351.23. The company has a market capitalization of $81.36 billion, a PE ratio of 45.98 and a beta of 0.74.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.10. Arthur J. Gallagher & Co. had a net margin of 14.39% and a return on equity of 14.83%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the firm earned $3.45 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.60 annualized dividend and a yield of 0.82%. Arthur J. Gallagher & Co.’s payout ratio is 37.63%.

Insiders Place Their Bets

In related news, insider Susan E. Pietrucha sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $344.13, for a total value of $4,645,755.00. Following the completion of the transaction, the insider now owns 11,941 shares in the company, valued at $4,109,256.33. The trade was a 53.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Scott R. Hudson sold 10,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $337.17, for a total value of $3,540,285.00. Following the completion of the transaction, the vice president now owns 91,175 shares in the company, valued at $30,741,474.75. The trade was a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $8,528,080. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AJG. Jefferies Financial Group cut their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company lowered their price target on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an “overweight” rating on the stock in a research note on Monday, June 9th. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price objective for the company. Barclays lifted their price objective on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their target price 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, June 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus price target of $319.29.

About Arthur J. Gallagher & Co.

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.