Venturi Wealth Management LLC Has $66,000 Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Venturi Wealth Management LLC reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 18.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 234 shares of the financial services provider’s stock after selling 54 shares during the quarter. Venturi Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $66,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 19.1% during the first quarter. Empowered Funds LLC now owns 3,222 shares of the financial services provider’s stock worth $806,000 after buying an additional 516 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in Arthur J. Gallagher & Co. during the 1st quarter valued at $213,000. Orion Portfolio Solutions LLC boosted its holdings in Arthur J. Gallagher & Co. by 16.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 11,306 shares of the financial services provider’s stock valued at $2,827,000 after purchasing an additional 1,575 shares during the period. Great Lakes Retirement Inc. grew its position in Arthur J. Gallagher & Co. by 3.2% in the 1st quarter. Great Lakes Retirement Inc. now owns 3,211 shares of the financial services provider’s stock worth $803,000 after purchasing an additional 99 shares during the last quarter. Finally, M&G Plc acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $30,578,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AJG has been the topic of several research reports. Wells Fargo & Company boosted their price target on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised their target price on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday, July 26th. Royal Bank of Canada lifted their target price on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, Barclays started coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 price target for the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus target price of $289.14.

Arthur J. Gallagher & Co. Stock Down 1.2 %

Shares of NYSE:AJG opened at $294.63 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm has a market cap of $64.64 billion, a P/E ratio of 56.82, a P/E/G ratio of 2.51 and a beta of 0.72. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $301.04. The company’s 50-day moving average price is $288.50 and its two-hundred day moving average price is $274.11.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the business posted $2.00 earnings per share. Arthur J. Gallagher & Co.’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, research analysts forecast that Arthur J. Gallagher & Co. will post 10.11 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, December 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.71%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,211,438. This trade represents a 16.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the sale, the president now owns 33,267 shares of the company’s stock, valued at $9,853,685.40. The trade was a 17.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,900 shares of company stock worth $6,892,280 over the last three months. 1.60% of the stock is currently owned by company insiders.

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.