Moran Wealth Management LLC Has $273,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Moran Wealth Management LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 11.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 790 shares of the financial services provider’s stock after purchasing an additional 80 shares during the period. Moran Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HWG Holdings LP acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $25,000. MRP Capital Investments LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $28,000. New Age Alpha Advisors LLC raised its holdings 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 purchasing an additional 49 shares during the last quarter. Johnson Financial Group Inc. raised its holdings 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 purchasing an additional 76 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $35,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Susan E. Pietrucha sold 13,500 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 11,941 shares of the company’s stock, valued at approximately $4,109,256.33. The trade was a 53.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Scott R. Hudson sold 10,500 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $337.17, for a total transaction of $3,540,285.00. Following the completion of the sale, the vice president now directly owns 91,175 shares of the company’s stock, valued at approximately $30,741,474.75. The trade was a 10.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $8,528,080. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $317.70 on Friday. Arthur J. Gallagher & Co. has a one year low of $257.58 and a one year high of $351.23. The company has a market cap of $81.36 billion, a P/E ratio of 45.98 and a beta of 0.74. The firm’s fifty day moving average price is $329.57 and its two-hundred day moving average price is $318.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.44.

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, beating analysts’ consensus estimates of $3.57 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 14.39% and a return on equity of 14.83%. Arthur J. Gallagher & Co.’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. Dividend Announcement

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

Analyst Upgrades and Downgrades

AJG has been the topic of a number of recent analyst reports. Redburn Atlantic initiated coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the stock a “market perform” rating in a report on Thursday, June 5th. Barclays boosted their target price on shares of 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. Jefferies Financial Group lowered their target price on shares of 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, Wells Fargo & Company lowered their target price on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an “overweight” rating on the stock in a report on Monday, June 9th. 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’s stock. According to MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus price target 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.