Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by GuoLine Advisory Pte Ltd

GuoLine Advisory Pte Ltd lessened its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,500 shares of the financial services provider's stock after selling 19,900 shares during the quarter. Arthur J. Gallagher & Co. comprises approximately 3.5% of GuoLine Advisory Pte Ltd's holdings, making the stock its 14th biggest holding. GuoLine Advisory Pte Ltd's holdings in Arthur J. Gallagher & Co. were worth $32,970,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AJG. Blue Trust Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 25.6% in the 4th quarter. Blue Trust Inc. now owns 2,568 shares of the financial services provider's stock valued at $723,000 after acquiring an additional 523 shares during the period. Perigon Wealth Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 19.4% in the 4th quarter. Perigon Wealth Management LLC now owns 1,421 shares of the financial services provider's stock valued at $420,000 after acquiring an additional 231 shares during the period. SteelPeak Wealth LLC raised its stake in shares of Arthur J. Gallagher & Co. by 7.6% in the 4th quarter. SteelPeak Wealth LLC now owns 1,477 shares of the financial services provider's stock valued at $419,000 after acquiring an additional 104 shares during the period. Forsta AP Fonden increased its stake in Arthur J. Gallagher & Co. by 0.5% during the 4th quarter. Forsta AP Fonden now owns 44,300 shares of the financial services provider's stock worth $12,575,000 after buying an additional 200 shares during the period. Finally, Allen Capital Group LLC increased its stake in Arthur J. Gallagher & Co. by 17.6% during the 4th quarter. Allen Capital Group LLC now owns 1,570 shares of the financial services provider's stock worth $446,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Up 1.7%

Shares of AJG traded up $5.74 during midday trading on Friday, hitting $347.64. The company had a trading volume of 2,545,224 shares, compared to its average volume of 1,329,515. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 52 week low of $250.51 and a 52 week high of $350.70. The company's 50 day moving average price is $332.85 and its 200 day moving average price is $315.44. The stock has a market cap of $89.03 billion, a price-to-earnings ratio of 53.32 and a beta of 0.78.

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 analysts' consensus estimates of $3.57 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm earned $3.45 EPS. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AJG shares. Barclays lifted their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Jefferies Financial Group dropped their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a "market perform" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a research note on Thursday, April 10th. 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, Arthur J. Gallagher & Co. currently has an average rating of "Hold" and a consensus target price of $318.57.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the completion of the transaction, the insider now directly owns 11,941 shares of the company's stock, valued at $4,109,256.33. The trade was a 53.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David S. Johnson sold 1,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $342.04, for a total transaction of $342,040.00. Following the transaction, the director now directly owns 45,323 shares of the company's stock, valued at $15,502,278.92. The trade was a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,510 shares of company stock valued at $11,033,341 in the last quarter. 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.