Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Family Legacy Inc.

Family Legacy Inc. lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,909 shares of the financial services provider's stock after selling 1,736 shares during the quarter. Arthur J. Gallagher & Co. accounts for approximately 2.5% of Family Legacy Inc.'s investment portfolio, making the stock its 3rd largest position. Family Legacy Inc.'s holdings in Arthur J. Gallagher & Co. were worth $7,219,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their target price 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. Jefferies Financial Group decreased their target price on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company decreased their target price on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Barclays increased their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Finally, Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $319.29.

Insider Buying and Selling

In related news, VP Scott R. Hudson sold 10,500 shares of the stock in a transaction on 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 transaction, the vice president now directly owns 91,175 shares in the company, valued at $30,741,474.75. This trade represents a 10.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan E. Pietrucha sold 13,500 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $344.13, for a total value of $4,645,755.00. Following the completion of the sale, the insider now directly owns 11,941 shares of the company's stock, valued at $4,109,256.33. The trade was a 53.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $8,528,080 in the last ninety days. Corporate insiders own 1.30% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $324.31 on Tuesday. The stock has a market capitalization of $83.06 billion, a price-to-earnings ratio of 46.93 and a beta of 0.74. Arthur J. Gallagher & Co. has a 52-week low of $251.42 and a 52-week high of $351.23. The stock's 50 day moving average price is $330.50 and its two-hundred day moving average price is $317.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.85 billion. During the same period last year, the business earned $3.45 EPS. Arthur J. Gallagher & Co.'s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 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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