Burney Co. Has $710,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Burney Co. trimmed its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,840 shares of the financial services provider’s stock after selling 45 shares during the quarter. Burney Co.’s holdings in Arthur J. Gallagher & Co. were worth $710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AJG. UBS Group AG lifted its stake in shares of Arthur J. Gallagher & Co. by 8.5% in the fourth quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock valued at $81,281,000 after buying an additional 28,359 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $3,841,000. Brookstone Capital Management raised its holdings in shares of Arthur J. Gallagher & Co. by 70.4% in the 1st quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock worth $3,213,000 after purchasing an additional 5,308 shares during the period. Mackenzie Financial Corp lifted its stake in Arthur J. Gallagher & Co. by 16.1% in the fourth quarter. Mackenzie Financial Corp now owns 112,087 shares of the financial services provider’s stock valued at $25,206,000 after purchasing an additional 15,528 shares during the last quarter. Finally, Sei Investments Co. increased its position in Arthur J. Gallagher & Co. by 11.7% in the first quarter. Sei Investments Co. now owns 194,568 shares of the financial services provider’s stock worth $48,649,000 after buying an additional 20,302 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,710 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $285.07, for a total value of $2,482,959.70. Following the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,654,772.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 16,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the completion of the sale, the chief financial officer now directly owns 80,952 shares of the company’s stock, valued at approximately $20,109,286.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Douglas K. Howell sold 8,710 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $285.07, for a total value of $2,482,959.70. Following the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at $21,654,772.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,210 shares of company stock worth $17,911,529. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG traded up $0.02 on Friday, reaching $287.14. 917,328 shares of the company’s stock traded hands, compared to its average volume of 759,536. Arthur J. Gallagher & Co. has a 12 month low of $215.37 and a 12 month high of $290.31. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.05. The stock has a 50-day simple moving average of $264.28 and a 200 day simple moving average of $250.28. The stock has a market cap of $62.91 billion, a PE ratio of 58.13, a P/E/G ratio of 2.41 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the firm posted $1.90 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 10.15 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Analyst Upgrades and Downgrades

AJG has been the topic of several recent research reports. Bank of America upped their price objective on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a report on Wednesday, May 22nd. Bank Of America (Bofa) raised their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a report on Friday, July 26th. Jefferies Financial Group increased their target price on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. Royal Bank of Canada lifted their price target on Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $274.44.

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.