CreativeOne Wealth LLC Buys 453 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

CreativeOne Wealth LLC boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 24.2% during the first quarter, Holdings Channel reports. The fund owned 2,323 shares of the financial services provider’s stock after purchasing an additional 453 shares during the period. CreativeOne Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $31,000. Ruedi Wealth Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $33,000. Security National Bank acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $33,000. Finally, DSM Capital Partners LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $37,000. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Argus upped their price objective on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Bank Of America (Bofa) upped their price objective on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research report on Friday. The Goldman Sachs Group upped their price objective on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday. BMO Capital Markets upped their price objective on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $273.27.

Arthur J. Gallagher & Co. Trading Up 3.1 %

NYSE AJG traded up $8.45 during trading hours on Friday, hitting $282.42. 532,219 shares of the company’s stock were exchanged, compared to its average volume of 846,346. The stock has a 50-day simple moving average of $260.82 and a 200 day simple moving average of $248.07. Arthur J. Gallagher & Co. has a 1-year low of $214.13 and a 1-year high of $282.94. The firm has a market cap of $61.71 billion, a price-to-earnings ratio of 56.89, a PEG ratio of 2.45 and a beta of 0.72. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the firm posted $1.90 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 10.1 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, September 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.85%. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Insider Buying and Selling

In related news, Director David S. Johnson sold 850 shares of Arthur J. Gallagher & Co. stock in a transaction 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 $11,630,646.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Scott R. Hudson sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total value of $2,634,500.00. Following the transaction, the vice president now owns 93,730 shares in the company, valued at approximately $24,693,168.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David S. Johnson sold 850 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $257.84, for a total transaction of $219,164.00. Following the completion of the transaction, the director now owns 45,108 shares in the company, valued at approximately $11,630,646.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,165 shares of company stock worth $13,629,049. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Company 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.