UMB Bank n.a. Has $3.19 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

UMB Bank n.a. boosted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,249 shares of the financial services provider’s stock after purchasing an additional 119 shares during the quarter. UMB Bank n.a.’s holdings in Arthur J. Gallagher & Co. were worth $3,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AJG. Allred Capital Management LLC raised its holdings in shares of 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 worth $960,000 after buying an additional 34 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Arthur J. Gallagher & Co. by 3.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock valued at $333,000 after buying an additional 36 shares in the last quarter. RFG Advisory LLC boosted its stake in Arthur J. Gallagher & Co. by 0.5% in the first quarter. RFG Advisory LLC now owns 7,195 shares of the financial services provider’s stock valued at $2,484,000 after buying an additional 36 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Arthur J. Gallagher & Co. by 3.6% in the first quarter. Sivia Capital Partners LLC now owns 1,059 shares of the financial services provider’s stock valued at $366,000 after buying an additional 37 shares in the last quarter. Finally, Tucker Asset Management LLC boosted its stake in Arthur J. Gallagher & Co. by 3.0% in the fourth quarter. Tucker Asset Management LLC now owns 1,419 shares of the financial services provider’s stock valued at $403,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

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

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.10. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.45 earnings per share. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 37.63%.

Analysts Set New Price Targets

Several research firms recently weighed in on AJG. Jefferies Financial Group reduced their price objective on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company raised their price objective 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 raised their price objective on Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a “market perform” rating in a research note on Thursday. Redburn Atlantic initiated coverage on 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. Finally, Barclays increased their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $319.36.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 1,000 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $342.04, for a total value of $342,040.00. Following the completion of the sale, the director now directly owns 45,323 shares in the company, valued at approximately $15,502,278.92. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. This represents a 7.70% decrease in their position. The disclosure for this sale can be found here. Insiders have 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 owned by company insiders.

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.