Crossmark Global Holdings Inc. Has $4.90 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Crossmark Global Holdings Inc. lessened its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,191 shares of the financial services provider’s stock after selling 441 shares during the period. Crossmark Global Holdings Inc.’s holdings in Arthur J. Gallagher & Co. were worth $4,899,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AJG. Checchi Capital Advisers LLC increased its stake in Arthur J. Gallagher & Co. by 1.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider’s stock valued at $1,001,000 after purchasing an additional 31 shares in the last quarter. Allred Capital Management LLC increased its stake in Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider’s stock valued at $960,000 after purchasing an additional 34 shares in the last quarter. City Holding Co. increased its stake in Arthur J. Gallagher & Co. by 3.1% during the 1st quarter. City Holding Co. now owns 1,140 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 34 shares in the last quarter. CVA Family Office LLC increased its stake in Arthur J. Gallagher & Co. by 34.3% during the 1st quarter. CVA Family Office LLC now owns 133 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 34 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

AJG stock opened at $313.85 on Wednesday. The firm has a 50 day moving average of $328.38 and a 200-day moving average of $320.16. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.56. Arthur J. Gallagher & Co. has a 12 month low of $263.22 and a 12 month high of $351.23. The firm has a market capitalization of $80.38 billion, a P/E ratio of 45.42 and a beta of 0.71.

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 analysts’ consensus estimates of $3.57 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates 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 revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business earned $3.45 earnings per share. As a group, sell-side analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, June 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 37.63%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on 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 transaction, the insider directly owned 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David S. Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $342.04, for a total transaction of $342,040.00. Following the completion of the transaction, the director owned 45,323 shares in the company, valued at $15,502,278.92. This represents a 2.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $8,528,080 over the last three months. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped 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 note on Thursday, June 5th. Barclays reduced their target price on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating for the company in a research note on Monday. Wells Fargo & Company reduced their target price on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an “overweight” rating for the company in a research note on Monday, June 9th. Jefferies Financial Group reduced their target price 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 report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $317.93.

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.