Romano Brothers AND Company Has $5.51 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Romano Brothers AND Company grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,966 shares of the financial services provider’s stock after purchasing an additional 201 shares during the period. Romano Brothers AND Company’s holdings in Arthur J. Gallagher & Co. were worth $5,512,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $1,421,591,000. Vanguard Group Inc. increased its position in shares of Arthur J. Gallagher & Co. by 14.9% during the fourth quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider’s stock worth $8,422,435,000 after acquiring an additional 3,851,661 shares in the last quarter. Winslow Capital Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $719,489,000. Capital World Investors increased its position in shares of Arthur J. Gallagher & Co. by 30.4% during the fourth quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider’s stock worth $2,327,403,000 after acquiring an additional 1,910,471 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Arthur J. Gallagher & Co. by 162.0% during the fourth quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider’s stock worth $801,115,000 after acquiring an additional 1,745,283 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the 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 sale, the insider now directly owns 11,941 shares of the company’s stock, valued at approximately $4,109,256.33. This represents a 53.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $30,029,771.80. The trade was a 7.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,510 shares of company stock valued at $11,033,341. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.4%

Shares of NYSE:AJG opened at $348.68 on Tuesday. The stock has a 50 day moving average of $333.10 and a 200 day moving average of $315.97. The company has a market cap of $89.30 billion, a PE ratio of 53.48 and a beta of 0.78. 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 12-month low of $250.51 and a 12-month high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.10. The business had revenue of $3.69 billion for 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% compared to the same quarter last year. During the same period last year, the company posted $3.45 earnings per share. As a group, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a yield of 0.75%. Arthur J. Gallagher & Co.’s payout ratio is 37.63%.

Analyst Ratings Changes

Several brokerages have recently issued reports on AJG. Jefferies Financial Group lowered 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 raised their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, April 10th. Barclays raised their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a “market perform” rating in a research report on Friday, May 2nd. Finally, Redburn Atlantic started coverage on shares of 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. 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 data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus price target of $318.57.

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.