Appleton Partners Inc. MA grew its position in Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,472 shares of the financial services provider’s stock after purchasing an additional 128 shares during the quarter. Arthur J. Gallagher & Co. comprises approximately 1.3% of Appleton Partners Inc. MA’s investment portfolio, making the stock its 18th biggest holding. Appleton Partners Inc. MA’s holdings in Arthur J. Gallagher & Co. were worth $16,734,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Two Sigma Investments LP purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $382,000. Jones Financial Companies Lllp grew its holdings in shares of Arthur J. Gallagher & Co. by 337.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,243 shares of the financial services provider’s stock valued at $921,000 after buying an additional 2,502 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 19.7% during the fourth quarter. Proficio Capital Partners LLC now owns 948 shares of the financial services provider’s stock valued at $269,000 after buying an additional 156 shares during the last quarter. Seven Grand Managers LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $7,096,000. Finally, Factory Mutual Insurance Co. purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at $2,417,000. 85.53% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, 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 represents a 10.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David S. Johnson sold 1,000 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $342.04, for a total transaction of $342,040.00. Following the transaction, the director now owns 45,323 shares of the company’s stock, valued at approximately $15,502,278.92. This trade represents a 2.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $8,528,080 in the last 90 days. Insiders own 1.60% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on AJG
Arthur J. Gallagher & Co. Trading Up 1.2%
Shares of Arthur J. Gallagher & Co. stock opened at $320.84 on Friday. The firm has a 50-day simple moving average of $330.89 and a two-hundred day simple moving average of $317.40. The company has a market cap of $82.17 billion, a P/E ratio of 46.43 and a beta of 0.74. Arthur J. Gallagher & Co. has a fifty-two week low of $251.42 and a fifty-two week high of $351.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.10. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 14.39% and a return on equity of 14.83%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.45 earnings per share. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.
Arthur J. Gallagher & Co. Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 37.63%.
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.
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