Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 23.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,008 shares of the financial services provider's stock after selling 2,492 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $2,765,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AJG. Norges Bank acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth approximately $1,421,591,000. Vanguard Group Inc. grew its position in shares of Arthur J. Gallagher & Co. by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock worth $8,422,435,000 after acquiring an additional 3,851,661 shares in the last quarter. Winslow Capital Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth approximately $719,489,000. Capital World Investors grew its position in shares of Arthur J. Gallagher & Co. by 30.4% in the 4th quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider's stock worth $2,327,403,000 after acquiring an additional 1,910,471 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Arthur J. Gallagher & Co. by 162.0% in the 4th quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider's stock worth $801,115,000 after acquiring an additional 1,745,283 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock traded up $0.76 during mid-day trading on Friday, hitting $316.50. 639,946 shares of the company's stock traded hands, compared to its average volume of 1,380,726. The firm has a 50 day moving average price of $328.60 and a 200 day moving average price of $319.69. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.56. The company has a market cap of $81.06 billion, a PE ratio of 45.80 and a beta of 0.71. Arthur J. Gallagher & Co. has a one year low of $263.22 and a one year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 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 the consensus estimate of $3.85 billion. During the same quarter in the previous year, the business earned $3.45 EPS. The company's quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AJG. Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the stock a "market perform" rating in a research report on Thursday, June 5th. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price target on the stock. Jefferies Financial Group cut their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their price target on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Finally, Barclays raised their price target on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $319.29.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, insider Susan E. Pietrucha sold 13,500 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $344.13, for a total value of $4,645,755.00. Following the sale, the insider owned 11,941 shares of the company's stock, valued at approximately $4,109,256.33. The trade was a 53.06% decrease in their position. The transaction 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 business'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 completion of the sale, the vice president directly owned 91,175 shares in the company, valued at $30,741,474.75. This represents a 10.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $8,528,080. Corporate insiders own 1.60% of the company's stock.

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.