Koshinski Asset Management Inc. Invests $213,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

Koshinski Asset Management Inc. bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 852 shares of the financial services provider’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth about $27,000. SJS Investment Consulting Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 106 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $31,000. Ruedi Wealth Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $33,000. Finally, Security National Bank acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 3,395 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $254.00, for a total transaction of $862,330.00. Following the completion of the sale, the chief accounting officer now owns 38,314 shares in the company, valued at $9,731,756. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 8,303 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $262.74, for a total value of $2,181,530.22. Following the completion of the transaction, the general counsel now owns 36,388 shares in the company, valued at $9,560,583.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Richard C. Cary sold 3,395 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $254.00, for a total transaction of $862,330.00. Following the transaction, the chief accounting officer now owns 38,314 shares in the company, valued at $9,731,756. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,165 shares of company stock valued at $13,629,049. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their price target on Arthur J. Gallagher & Co. from $274.00 to $282.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $282.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Argus raised their price objective on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $240.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 26th. Finally, TD Cowen upped their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $263.00.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG traded up $0.06 during trading hours on Friday, hitting $270.59. 74,918 shares of the company’s stock traded hands, compared to its average volume of 844,233. The company has a market capitalization of $59.12 billion, a PE ratio of 54.76, a PEG ratio of 2.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05. Arthur J. Gallagher & Co. has a 52-week low of $213.04 and a 52-week high of $274.97. The firm’s 50-day moving average is $258.71 and its 200-day moving average is $246.42.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the business posted $3.03 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

About Arthur J. Gallagher & Co.

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.