Arthur J Gallagher & Co (AJG) Shares Bought by Nelson Van Denburg & Campbell Wealth Management Group LLC

Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 26.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,810 shares of the financial services provider’s stock after purchasing an additional 1,210 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Arthur J Gallagher & Co were worth $453,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AJG. Destination Wealth Management boosted its stake in Arthur J Gallagher & Co by 308.2% during the 4th quarter. Destination Wealth Management now owns 396 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 299 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Arthur J Gallagher & Co by 6,202.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,656,369 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 2,614,218 shares during the period. Quadrant Capital Group LLC boosted its stake in Arthur J Gallagher & Co by 156.9% during the 1st quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 309 shares during the period. Private Ocean LLC acquired a new stake in Arthur J Gallagher & Co during the 1st quarter worth $39,000. Finally, Lindbrook Capital LLC acquired a new stake in Arthur J Gallagher & Co during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 81.93% of the company’s stock.

AJG stock opened at $84.79 on Thursday. Arthur J Gallagher & Co has a one year low of $64.54 and a one year high of $84.81. The firm has a market capitalization of $15.53 billion, a PE ratio of 24.58, a PEG ratio of 2.28 and a beta of 0.92. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.74.

Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, April 25th. The financial services provider reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.02. Arthur J Gallagher & Co had a net margin of 9.79% and a return on equity of 14.33%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business earned $1.52 EPS. The business’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts expect that Arthur J Gallagher & Co will post 3.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, June 6th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

In other news, Director Frank E. Jr. English sold 800 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $83.08, for a total value of $66,464.00. Following the completion of the transaction, the director now owns 6,500 shares in the company, valued at approximately $540,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 10,200 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $78.99, for a total transaction of $805,698.00. Following the completion of the transaction, the vice president now owns 31,612 shares of the company’s stock, valued at approximately $2,497,031.88. The disclosure for this sale can be found here. Insiders sold a total of 30,734 shares of company stock valued at $2,462,300 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Several research firms have recently commented on AJG. Barclays raised their target price on shares of Arthur J Gallagher & Co from $93.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday. SunTrust Banks raised their target price on shares of Arthur J Gallagher & Co to $95.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Morgan Stanley raised their target price on shares of Arthur J Gallagher & Co from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Monday, April 29th. Wells Fargo & Co restated a “buy” rating and issued a $93.00 target price on shares of Arthur J Gallagher & Co in a research note on Friday, April 26th. Finally, Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Arthur J Gallagher & Co currently has an average rating of “Buy” and a consensus target price of $84.67.

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About Arthur J Gallagher & Co

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.

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

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