Financiere des Professionnels Fonds d investissement inc. Takes $341,000 Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 987 shares of the financial services provider's stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AJG. CWA Asset Management Group LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 22.5% in the first quarter. CWA Asset Management Group LLC now owns 1,125 shares of the financial services provider's stock valued at $388,000 after purchasing an additional 207 shares during the period. Two Sigma Investments LP acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $382,000. Jones Financial Companies Lllp grew its holdings in Arthur J. Gallagher & Co. by 337.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,243 shares of the financial services provider's stock worth $921,000 after acquiring an additional 2,502 shares during the period. Golden State Wealth Management LLC grew its holdings in Arthur J. Gallagher & Co. by 2,750.0% during the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock worth $39,000 after acquiring an additional 110 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in Arthur J. Gallagher & Co. by 19.7% during the fourth quarter. Proficio Capital Partners LLC now owns 948 shares of the financial services provider's stock worth $269,000 after acquiring an additional 156 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

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

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,500 shares of Arthur J. Gallagher & Co. 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 $30,741,474.75. The trade was a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 owned 11,941 shares in the company, valued at $4,109,256.33. This represents a 53.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $8,528,080 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Trading Down 0.8%

Arthur J. Gallagher & Co. stock traded down $2.56 during trading on Tuesday, reaching $313.51. 180,454 shares of the company were exchanged, compared to its average volume of 1,375,470. Arthur J. Gallagher & Co. has a 52-week low of $263.22 and a 52-week high of $351.23. The company has a market capitalization of $80.29 billion, a P/E ratio of 45.29 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 stock's 50 day simple moving average is $328.44 and its two-hundred day simple moving average is $320.20.

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 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 firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the business posted $3.45 earnings per share. The firm's revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.65 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a yield of 0.83%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays dropped their target price on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a report on Monday. Jefferies Financial Group lowered their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. 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 price target on the stock. Wells Fargo & Company lowered 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 report on Monday, June 9th. Finally, Keefe, Bruyette & Woods increased their price target 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. Two 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's stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of "Hold" and a consensus target price of $317.93.

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.