Iams Wealth Management LLC Sells 820 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Iams Wealth Management LLC cut its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 10.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,142 shares of the financial services provider's stock after selling 820 shares during the period. Arthur J. Gallagher & Co. comprises approximately 1.1% of Iams Wealth Management LLC's investment portfolio, making the stock its 23rd biggest holding. Iams Wealth Management LLC's holdings in Arthur J. Gallagher & Co. were worth $2,466,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AJG. Norges Bank acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at $1,421,591,000. Vanguard Group Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock valued at $8,422,435,000 after acquiring an additional 3,851,661 shares in the last quarter. Winslow Capital Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $719,489,000. Capital World Investors raised its holdings in Arthur J. Gallagher & Co. by 30.4% during the fourth quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider's stock worth $2,327,403,000 after acquiring an additional 1,910,471 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Arthur J. Gallagher & Co. by 162.0% during the fourth quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider's stock valued at $801,115,000 after purchasing an additional 1,745,283 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 1,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $342.04, for a total transaction of $342,040.00. Following the completion of the transaction, the director now directly owns 45,323 shares in the company, valued at $15,502,278.92. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the insider now owns 11,941 shares in the company, valued at approximately $4,109,256.33. The trade was a 53.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,510 shares of company stock valued at $11,033,341. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG traded down $8.36 during mid-day trading on Thursday, hitting $327.99. 1,851,429 shares of the company's stock were exchanged, compared to its average volume of 1,334,273. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The firm has a market cap of $84.00 billion, a price-to-earnings ratio of 50.30 and a beta of 0.78. The stock's 50-day simple moving average is $333.09 and its 200-day simple moving average is $316.31. Arthur J. Gallagher & Co. has a 52 week low of $250.72 and a 52 week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted 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. 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 16.47% and a net margin of 12.70%. The company's revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $3.45 EPS. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s payout ratio is presently 37.63%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AJG. Jefferies Financial Group dropped their price objective on 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 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 target on the stock. Barclays increased their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the stock a "market perform" rating in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a research note on Thursday, April 10th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $319.36.

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.