Baldwin Wealth Partners LLC MA Buys 155 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Baldwin Wealth Partners LLC MA raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,824 shares of the financial services provider’s stock after purchasing an additional 155 shares during the period. Arthur J. Gallagher & Co. makes up approximately 1.9% of Baldwin Wealth Partners LLC MA’s investment portfolio, making the stock its 12th biggest position. Baldwin Wealth Partners LLC MA’s holdings in Arthur J. Gallagher & Co. were worth $27,558,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Arthur J. Gallagher & Co. during the 4th quarter worth $1,421,591,000. Vanguard Group Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 14.9% during the 4th quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider’s stock worth $8,422,435,000 after purchasing an additional 3,851,661 shares in the last quarter. Winslow Capital Management LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $719,489,000. Capital World Investors boosted its position in shares of Arthur J. Gallagher & Co. by 30.4% during the 4th quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider’s stock worth $2,327,403,000 after purchasing an additional 1,910,471 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Arthur J. Gallagher & Co. by 162.0% in the 4th quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider’s stock valued at $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.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $328.90 on Monday. The company has a market cap of $84.23 billion, a PE ratio of 50.44 and a beta of 0.74. Arthur J. Gallagher & Co. has a twelve month low of $251.42 and a twelve month high of $351.23. The company’s 50-day moving average price is $332.45 and its 200-day moving average price is $317.04. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (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 analysts’ expectations of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.45 EPS. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.65 per share. 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 0.79%. Arthur J. Gallagher & Co.’s payout ratio is 37.63%.

Analyst Upgrades and Downgrades

AJG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted 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 research report on Thursday. 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. Jefferies Financial Group reduced 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 note on Friday, April 11th. Wells Fargo & Company boosted their price target 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. 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 given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $319.36.

Insider Activity at Arthur J. Gallagher & Co.

In other news, insider Susan E. Pietrucha sold 13,500 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the sale, the insider now directly owns 11,941 shares of the company’s stock, valued at $4,109,256.33. This represents a 53.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 10,500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $337.17, for a total transaction of $3,540,285.00. Following the sale, the vice president now directly owns 91,175 shares in the company, valued at approximately $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. Insiders sold 32,510 shares of company stock valued at $11,033,341 over the last 90 days. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. 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.