Gunderson Capital Management Inc. Buys 13,621 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Gunderson Capital Management Inc. lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 103.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,800 shares of the financial services provider's stock after buying an additional 13,621 shares during the quarter. Arthur J. Gallagher & Co. makes up 6.0% of Gunderson Capital Management Inc.'s investment portfolio, making the stock its 10th largest holding. Gunderson Capital Management Inc.'s holdings in Arthur J. Gallagher & Co. were worth $9,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $25,000. MRP Capital Investments LLC purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth about $28,000. New Age Alpha Advisors LLC raised 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 purchasing an additional 49 shares in the last quarter. Johnson Financial Group Inc. boosted 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 valued at $34,000 after buying an additional 76 shares during the period. Finally, Parvin Asset Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Trading Down 0.9%

Shares of AJG traded down $3.16 on Tuesday, hitting $345.61. 1,035,784 shares of the stock traded hands, compared to its average volume of 1,326,977. The firm has a market capitalization of $88.51 billion, a P/E ratio of 53.01 and a beta of 0.78. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 1 year low of $250.51 and a 1 year high of $351.31. The stock's 50 day moving average is $333.10 and its two-hundred day moving average is $315.97.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.10. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.45 earnings per share. As a group, sell-side analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. 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 owns 11,941 shares in the company, valued at approximately $4,109,256.33. The trade was a 53.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott R. Hudson sold 10,500 shares of the firm's 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 owns 91,175 shares in the company, valued at $30,741,474.75. This trade represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,510 shares of company stock valued at $11,033,341. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

AJG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a "market perform" rating in a research report on Friday, May 2nd. Redburn Atlantic initiated 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 price objective for the company. Wells Fargo & Company boosted their price target on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a research note on Thursday, April 10th. Jefferies Financial Group reduced their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a report on Friday, April 11th. Finally, Barclays increased their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $318.57.

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.