DekaBank Deutsche Girozentrale Sells 6,374 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

DekaBank Deutsche Girozentrale cut its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 5.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,265 shares of the financial services provider's stock after selling 6,374 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Arthur J. Gallagher & Co. were worth $35,385,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 22.5% during the 1st quarter. CWA Asset Management Group LLC now owns 1,125 shares of the financial services provider's stock worth $388,000 after buying an additional 207 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $382,000. Golden State Wealth Management LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 2,750.0% during the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock worth $39,000 after buying an additional 110 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Arthur J. Gallagher & Co. by 19.7% in the 4th quarter. Proficio Capital Partners LLC now owns 948 shares of the financial services provider's stock worth $269,000 after purchasing an additional 156 shares in the last quarter. Finally, Seven Grand Managers LLC acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter worth about $7,096,000. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, Director David S. Johnson sold 1,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $342.04, for a total value of $342,040.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan E. Pietrucha sold 13,500 shares of the firm'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 completion of the transaction, the insider directly owned 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. Over the last ninety days, insiders sold 25,000 shares of company stock valued at $8,528,080. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG traded down $2.06 on Friday, hitting $311.52. 715,217 shares of the stock traded hands, compared to its average volume of 1,386,334. The business's fifty day moving average is $327.80 and its two-hundred day moving average is $320.48. Arthur J. Gallagher & Co. has a 12 month low of $267.00 and a 12 month high of $351.23. The firm has a market capitalization of $79.78 billion, a price-to-earnings ratio of 45.08 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 announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period in the prior year, the company earned $3.45 earnings per share. Arthur J. Gallagher & Co.'s revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on AJG. Wells Fargo & Company lowered their target price on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 target price on the stock. Barclays dropped their price target on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Keefe, Bruyette & Woods upped their price target on Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Jefferies Financial Group lowered their price objective 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 investment 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 MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $318.21.

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.