Arthur J. Gallagher & Co. (NYSE:AJG) Stake Lessened by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 43.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,833 shares of the financial services provider's stock after selling 1,384 shares during the period. Raleigh Capital Management Inc.'s holdings in Arthur J. Gallagher & Co. were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AJG. HWG Holdings LP purchased a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at about $25,000. MRP Capital Investments LLC purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $28,000. New Age Alpha Advisors LLC boosted its position in Arthur J. Gallagher & Co. by 81.7% in the 4th 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 last quarter. Johnson Financial Group Inc. boosted its position in 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 valued at $34,000 after buying an additional 76 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $35,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Performance

AJG traded down $2.56 on Tuesday, hitting $313.51. 180,454 shares of the company's stock were exchanged, compared to its average volume of 1,375,481. The firm has a market cap of $80.29 billion, a PE ratio of 45.29 and a beta of 0.71. Arthur J. Gallagher & Co. has a twelve month low of $263.22 and a twelve month high of $351.23. The stock has a fifty day moving average of $328.44 and a two-hundred day moving average of $320.20. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.56.

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

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a $0.65 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.83%. Arthur J. Gallagher & Co.'s payout ratio is currently 37.63%.

Analysts Set New Price Targets

AJG has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective 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 decreased their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a research report on Monday. Keefe, Bruyette & Woods upped 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 note on Thursday, June 5th. Redburn Atlantic initiated coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price on the stock. Finally, Jefferies Financial Group cut their target price on shares of 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $317.93.

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 that occurred on Wednesday, May 21st. The shares were sold at an average price of $337.17, for a total value of $3,540,285.00. Following the sale, the vice president owned 91,175 shares in the company, valued at approximately $30,741,474.75. This trade represents a 10.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David S. Johnson sold 1,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $342.04, for a total transaction of $342,040.00. Following the completion of the transaction, the director owned 45,323 shares of the company's stock, valued at $15,502,278.92. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $8,528,080. 1.60% of the stock is owned by company insiders.

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.