Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 10.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,134 shares of the financial services provider's stock after buying an additional 10,216 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Arthur J. Gallagher & Co. were worth $37,332,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth approximately $25,000. MRP Capital Investments LLC acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at $28,000. New Age Alpha Advisors LLC raised its position in Arthur J. Gallagher & Co. by 81.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock worth $31,000 after buying an additional 49 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 205.4% in the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock worth $34,000 after acquiring an additional 76 shares during the period. Finally, Parvin Asset Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 85.53% of the company's stock.

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

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $337.17, for a total value of $3,540,285.00. Following the sale, the vice president now directly owns 91,175 shares of the company's stock, valued at approximately $30,741,474.75. This trade represents a 10.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan E. Pietrucha sold 13,500 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the transaction, the insider now directly owns 11,941 shares of the company's stock, valued at approximately $4,109,256.33. This represents a 53.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock worth $8,528,080. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AJG. Keefe, Bruyette & Woods raised their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a "market perform" rating in a research report on Thursday, June 5th. Wells Fargo & Company reduced their price target on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Jefferies Financial Group decreased their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective for the company. Finally, Barclays boosted their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and a consensus price target of $319.29.

Arthur J. Gallagher & Co. Stock Up 0.6%

Shares of NYSE AJG opened at $326.18 on Wednesday. The firm's 50-day moving average is $330.32 and its two-hundred day moving average is $317.82. The company has a market capitalization of $83.53 billion, a PE ratio of 47.20 and a beta of 0.74. Arthur J. Gallagher & Co. has a 12-month low of $251.42 and a 12-month high of $351.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.44.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.10. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. Arthur J. Gallagher & Co.'s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.45 EPS. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.

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