Chung Wu Investment Group LLC Buys Shares of 1,032 Arthur J. Gallagher & Co. (NYSE:AJG)

Chung Wu Investment Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,032 shares of the financial services provider’s stock, valued at approximately $356,000.

Several other institutional investors and hedge funds have also modified their holdings of AJG. HWG Holdings LP acquired a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $25,000. MRP Capital Investments LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $28,000. New Age Alpha Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 81.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 49 shares during the period. Johnson Financial Group Inc. lifted its position in Arthur J. Gallagher & Co. by 205.4% in the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 76 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Arthur J. Gallagher & Co. by 2,750.0% in the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 110 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Down 2.6%

Shares of AJG opened at $317.49 on Thursday. The firm has a market cap of $81.31 billion, a P/E ratio of 45.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44. Arthur J. Gallagher & Co. has a 52 week low of $251.42 and a 52 week high of $351.23. The firm’s 50-day simple moving average is $330.01 and its 200 day simple moving average is $317.81.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, beating the consensus estimate of $3.57 by $0.10. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.45 earnings per share. On average, analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, June 6th. Arthur J. Gallagher & Co.’s payout ratio is 37.63%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the completion of the transaction, the insider now directly owns 11,941 shares in the company, valued at $4,109,256.33. The trade was a 53.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott R. Hudson sold 10,500 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $337.17, for a total value of $3,540,285.00. Following the completion of the sale, the vice president now directly owns 91,175 shares in the company, valued at approximately $30,741,474.75. This represents a 10.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $8,528,080. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price target 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, June 5th. 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 on the stock. Jefferies Financial Group reduced their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an “overweight” rating for the company in a research note on Monday, June 9th. Finally, Barclays boosted their price objective on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $319.29.

Arthur J. Gallagher & Co. Company Profile

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.