King Luther Capital Management Corp Grows Stock Position in Arthur J. Gallagher & Co. $AJG

King Luther Capital Management Corp grew its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,064 shares of the financial services provider’s stock after purchasing an additional 7,718 shares during the quarter. King Luther Capital Management Corp’s holdings in Arthur J. Gallagher & Co. were worth $50,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AJG. Physician Wealth Advisors Inc. increased its position in shares of Arthur J. Gallagher & Co. by 870.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at approximately $39,000. Westside Investment Management Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 68 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 668.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AJG shares. UBS Group set a $240.00 price objective on Arthur J. Gallagher & Co. in a research note on Thursday, May 21st. Cantor Fitzgerald reiterated a “neutral” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, January 30th. Keefe, Bruyette & Woods cut their price objective on Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating for the company in a research note on Friday, May 1st. Citigroup upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and cut their price objective for the company from $280.00 to $250.00 in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group cut their price objective on Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating for the company in a research note on Monday, February 2nd. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $264.00.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the transaction, the vice president directly owned 85,920 shares in the company, valued at $19,552,814.40. This represents a 4.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total value of $908,480.00. Following the completion of the transaction, the vice president owned 19,306 shares of the company’s stock, valued at $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.3%

AJG stock opened at $204.21 on Wednesday. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $351.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $52.46 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 1.04 and a beta of 0.54. The business has a 50 day simple moving average of $211.59 and a two-hundred day simple moving average of $231.78.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the company posted $3.67 EPS. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. Research analysts anticipate that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.31%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.