Strategic Wealth Partners Ltd. Has $441,000 Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Strategic Wealth Partners Ltd. grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,765 shares of the financial services provider’s stock after purchasing an additional 107 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Arthur J. Gallagher & Co. were worth $441,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $27,000. Creekmur Asset Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $27,000. Transcendent Capital Group LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $31,000. Ruedi Wealth Management Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $33,000. Finally, Security National Bank bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth $33,000. 85.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Douglas K. Howell sold 8,710 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the completion of the sale, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,654,772.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Douglas K. Howell sold 8,710 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the completion of the sale, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,654,772.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas K. Howell sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the sale, the chief financial officer now owns 80,952 shares of the company’s stock, valued at approximately $20,109,286.32. The disclosure for this sale can be found here. Insiders have sold a total of 68,210 shares of company stock valued at $17,911,529 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on AJG. UBS Group upped their target price on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock a “neutral” rating in a research note on Wednesday. Bank of America upped their target price on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an “underperform” rating in a research note on Friday, July 26th. Bank Of America (Bofa) upped their target price on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada increased their price target on Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $274.44.

Arthur J. Gallagher & Co. Stock Up 0.0 %

Shares of AJG stock traded up $0.02 on Friday, reaching $287.14. 912,128 shares of the company were exchanged, compared to its average volume of 848,106. Arthur J. Gallagher & Co. has a one year low of $215.37 and a one year high of $290.31. The company has a market cap of $62.91 billion, a price-to-earnings ratio of 58.08, a PEG ratio of 2.38 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.05. The company has a 50-day moving average of $263.57 and a 200-day moving average of $249.92.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the firm earned $1.90 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts anticipate that Arthur J. Gallagher & Co. will post 10.15 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, September 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.