Envestnet Asset Management Inc. Has $492.30 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Envestnet Asset Management Inc. lowered its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 3.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,425,966 shares of the financial services provider's stock after selling 52,088 shares during the quarter. Envestnet Asset Management Inc. owned 0.56% of Arthur J. Gallagher & Co. worth $492,301,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AJG. HWG Holdings LP acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $25,000. MRP Capital Investments LLC bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $28,000. New Age Alpha Advisors LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock worth $31,000 after acquiring an additional 49 shares in the last quarter. Johnson Financial Group Inc. raised its position in shares of Arthur J. Gallagher & Co. by 205.4% during the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock worth $34,000 after purchasing an additional 76 shares during the period. Finally, Parvin Asset Management LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $35,000. Institutional investors own 85.53% of the company's stock.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 10,500 shares of the 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 sale, the vice president owned 91,175 shares in the company, valued at approximately $30,741,474.75. This represents a 10.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, May 19th. The stock was sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the transaction, the insider directly owned 11,941 shares of the company's stock, valued at approximately $4,109,256.33. This trade represents a 53.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock worth $8,528,080. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AJG shares. Jefferies Financial Group lowered 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. Redburn Atlantic began 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. Keefe, Bruyette & Woods boosted their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a "market perform" rating in a research report on Thursday, June 5th. Wells Fargo & Company dropped their price target on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Finally, Barclays reduced their price objective on 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $317.93.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG traded down $2.34 on Monday, hitting $315.76. 1,232,242 shares of the stock were exchanged, compared to its average volume of 1,380,132. The company has a market capitalization of $80.87 billion, a PE ratio of 45.70 and a beta of 0.71. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.44. The business's fifty day moving average is $328.60 and its 200 day moving average is $319.97. Arthur J. Gallagher & Co. has a 52 week low of $263.22 and a 52 week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.85 billion. During the same period in the prior year, the firm earned $3.45 EPS. Arthur J. Gallagher & Co.'s quarterly revenue was up 14.5% compared to the same quarter last year. Research analysts anticipate 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. Stockholders of record on Friday, June 6th were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.82%. Arthur J. Gallagher & Co.'s payout ratio is 37.63%.

Arthur J. Gallagher & Co. 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.