Alpine Woods Capital Investors LLC Sells 1,100 Shares of Arthur J. Gallagher & Co. (AJG)

Alpine Woods Capital Investors LLC trimmed its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 15.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,900 shares of the financial services provider’s stock after selling 1,100 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Arthur J. Gallagher & Co. were worth $406,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $108,000. Captrust Financial Advisors acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth approximately $109,000. Cerebellum GP LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth approximately $154,000. Oakworth Capital Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 49.6% in the fourth quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 806 shares during the period. Finally, Barings LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth approximately $202,000. 83.39% of the stock is currently owned by hedge funds and other institutional investors.

AJG has been the topic of a number of recent analyst reports. Wells Fargo reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 11th. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Thursday, March 29th. Barclays reaffirmed an “overweight” rating and issued a $82.00 price objective (up from $70.00) on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, February 20th. ValuEngine raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, William Blair raised Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 8th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $72.70.

Shares of AJG stock opened at $67.53 on Friday. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.64 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.61. Arthur J. Gallagher & Co. has a fifty-two week low of $55.27 and a fifty-two week high of $72.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Tuesday, May 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.01. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.78 billion. Arthur J. Gallagher & Co. had a return on equity of 18.19% and a net margin of 10.34%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. research analysts anticipate that Arthur J. Gallagher & Co. will post 3.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.41 dividend. The ex-dividend date is Thursday, May 31st. This represents a $1.64 dividend on an annualized basis and a yield of 2.43%. Arthur J. Gallagher & Co.’s payout ratio is currently 53.59%.

In other Arthur J. Gallagher & Co. news, Director Frank E. Jr. English sold 2,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $69.03, for a total value of $138,060.00. Following the completion of the sale, the director now directly owns 8,000 shares in the company, valued at $552,240. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Susan E. Pietrucha sold 15,672 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $69.23, for a total value of $1,084,972.56. Following the completion of the sale, the insider now owns 8,639 shares of the company’s stock, valued at $598,077.97. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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

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