Proathlete Wealth Management LLC Invests $161,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

Proathlete Wealth Management LLC acquired a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 467 shares of the financial services provider’s stock, valued at approximately $161,000.

Other institutional investors have also made changes to their positions in the company. MRP Capital Investments LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $28,000. New Age Alpha Advisors LLC lifted its position 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 worth $31,000 after purchasing an additional 49 shares in the last quarter. Johnson Financial Group Inc. lifted its position 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 worth $34,000 after purchasing an additional 76 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $35,000. Finally, CVA Family Office LLC lifted its position in shares of Arthur J. Gallagher & Co. by 34.3% in the first quarter. CVA Family Office LLC now owns 133 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $317.20 on Friday. Arthur J. Gallagher & Co. has a one year low of $251.42 and a one year high of $351.23. The company has a market cap of $81.24 billion, a P/E ratio of 45.90 and a beta of 0.74. The firm’s fifty day moving average price is $331.16 and its two-hundred day moving average price is $317.32. 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 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. 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 the consensus estimate of $3.85 billion. During the same period in the previous year, the company earned $3.45 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.82%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 37.63%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, insider Susan E. Pietrucha sold 13,500 shares of the company’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 transaction, the insider now directly owns 11,941 shares in the company, valued at approximately $4,109,256.33. This represents a 53.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Scott R. Hudson sold 10,500 shares of the company’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 transaction, the vice president now owns 91,175 shares in the company, valued at $30,741,474.75. This trade represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock worth $8,528,080. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 price target on the stock. Jefferies Financial Group dropped their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Barclays upped their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods upped their price target 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, June 5th. Finally, Wells Fargo & Company dropped their price target on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an “overweight” rating on the stock in a research report on Monday, June 9th. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.