Sivia Capital Partners LLC Has $366,000 Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Sivia Capital Partners LLC increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,059 shares of the financial services provider’s stock after buying an additional 37 shares during the period. Sivia Capital Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $366,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Hartford Investment Management Co. lifted its position in Arthur J. Gallagher & Co. by 11.1% during 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 lifted its position in Arthur J. Gallagher & Co. by 23.5% during 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 stake 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 acquiring an additional 2,502 shares during the last quarter. Principal Financial Group Inc. increased its stake 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 acquiring an additional 1,117,441 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its stake 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 acquiring an additional 156 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Trading Up 0.2%

NYSE AJG opened at $328.90 on Friday. The company has a market cap of $84.23 billion, a PE ratio of 50.44 and a beta of 0.74. 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 $251.42 and a 12 month high of $351.23. The stock has a 50 day moving average of $332.45 and a 200-day moving average of $316.95.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data 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 company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.45 EPS. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.’s payout ratio is presently 37.63%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. 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 directly owns 90,020 shares of the company’s stock, valued at $30,029,771.80. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, May 19th. The stock was sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the transaction, the insider now directly owns 11,941 shares of the company’s stock, valued at approximately $4,109,256.33. This trade represents a 53.06% 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 valued at $11,033,341 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on AJG shares. Wells Fargo & Company upped 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 increased their target price on Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the stock a “market perform” rating in a research note on Thursday. Barclays increased their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an “equal weight” rating in a research note on Friday, April 11th. Jefferies Financial Group decreased their price target on shares of 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. Finally, Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They set a “neutral” rating and a $352.00 price target for the company. Two equities research 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.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average target price of $319.36.

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.