Whittier Trust Co. of Nevada Inc. Sells 1,093 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Whittier Trust Co. of Nevada Inc. lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 21.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,887 shares of the financial services provider's stock after selling 1,093 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Arthur J. Gallagher & Co. were worth $1,342,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dakota Wealth Management boosted its position in Arthur J. Gallagher & Co. by 4.0% during the first quarter. Dakota Wealth Management now owns 94,196 shares of the financial services provider's stock worth $32,520,000 after purchasing an additional 3,583 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 24.8% in the first quarter. Apollon Wealth Management LLC now owns 7,202 shares of the financial services provider's stock valued at $2,486,000 after acquiring an additional 1,429 shares during the period. Catalyst Financial Partners LLC boosted its position in shares of Arthur J. Gallagher & Co. by 9.7% in the first quarter. Catalyst Financial Partners LLC now owns 960 shares of the financial services provider's stock valued at $331,000 after acquiring an additional 85 shares during the period. Signaturefd LLC boosted its position in shares of Arthur J. Gallagher & Co. by 8.6% in the first quarter. Signaturefd LLC now owns 4,198 shares of the financial services provider's stock valued at $1,449,000 after acquiring an additional 331 shares during the period. Finally, Prudent Man Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. by 3.1% in the first quarter. Prudent Man Advisors LLC now owns 2,390 shares of the financial services provider's stock valued at $825,000 after acquiring an additional 72 shares during the period. Institutional investors own 85.53% of the company's stock.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 11,941 shares of the company's stock, valued at $4,109,256.33. This represents a 53.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott R. Hudson sold 10,500 shares of the company'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 completion of the transaction, the vice president directly owned 91,175 shares of the company's stock, valued at approximately $30,741,474.75. The trade was a 10.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $8,528,080 in the last ninety days. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AJG shares. Barclays cut their target price on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Wells Fargo & Company cut their target price on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the company a "market perform" rating in a research note on Wednesday, July 9th. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price for the company. Finally, Jefferies Financial Group cut their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of "Hold" and a consensus price target of $318.21.

Arthur J. Gallagher & Co. Stock Down 0.3%

Arthur J. Gallagher & Co. stock traded down $0.86 during midday trading on Friday, reaching $313.05. The stock had a trading volume of 691,271 shares, compared to its average volume of 1,395,553. The firm's fifty day simple moving average is $325.18 and its 200-day simple moving average is $321.37. Arthur J. Gallagher & Co. has a 1-year low of $267.00 and a 1-year high of $351.23. The stock has a market capitalization of $80.17 billion, a P/E ratio of 45.30 and a beta of 0.71. 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 posted its quarterly 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 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%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.45 EPS. As a group, analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm 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. 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 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.