Orion Portfolio Solutions LLC Raises Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Orion Portfolio Solutions LLC boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,731 shares of the financial services provider’s stock after purchasing an additional 483 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $1,308,316,000. Brown Advisory Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 1,210.9% during the fourth quarter. Brown Advisory Inc. now owns 1,383,480 shares of the financial services provider’s stock valued at $311,117,000 after buying an additional 1,277,945 shares during the last quarter. FMR LLC increased its holdings in Arthur J. Gallagher & Co. by 8.1% in the 3rd quarter. FMR LLC now owns 9,664,117 shares of the financial services provider’s stock worth $2,202,742,000 after buying an additional 726,485 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Arthur J. Gallagher & Co. by 36,168.9% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 357,974 shares of the financial services provider’s stock worth $81,593,000 after buying an additional 356,987 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Arthur J. Gallagher & Co. by 26.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,340 shares of the financial services provider’s stock valued at $293,879,000 after acquiring an additional 271,225 shares during the period. Institutional investors own 85.53% of the company’s stock.

Insiders Place Their Bets

In other news, Director David S. Johnson sold 850 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $257.84, for a total value of $219,164.00. Following the sale, the director now directly owns 45,108 shares in the company, valued at $11,630,646.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, General Counsel Walter D. Bay sold 800 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $257.24, for a total value of $205,792.00. Following the transaction, the general counsel now owns 44,691 shares in the company, valued at approximately $11,496,312.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David S. Johnson sold 850 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $257.84, for a total transaction of $219,164.00. Following the sale, the director now directly owns 45,108 shares in the company, valued at approximately $11,630,646.72. The disclosure for this sale can be found here. Insiders have sold 51,069 shares of company stock worth $12,946,945 over the last three months. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AJG shares. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Argus increased their price objective on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Bank of America boosted their target price on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a research report on Wednesday, May 22nd. TD Cowen increased their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $255.71.

View Our Latest Stock Analysis on AJG

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $245.32 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.70. The firm has a 50-day simple moving average of $244.18 and a 200-day simple moving average of $240.83. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $259.35. The stock has a market capitalization of $53.60 billion, a price-to-earnings ratio of 49.66, a price-to-earnings-growth ratio of 2.28 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last posted its earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.08. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. Arthur J. Gallagher & Co.’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.03 EPS. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

About Arthur J. Gallagher & Co.

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJGFree Report).

Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.