Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,909 shares of the financial services provider's stock after buying an additional 3,318 shares during the period. IFM Investors Pty Ltd's holdings in Arthur J. Gallagher & Co. were worth $15,504,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CWA Asset Management Group LLC lifted its position in shares of Arthur J. Gallagher & Co. by 22.5% during the first quarter. CWA Asset Management Group LLC now owns 1,125 shares of the financial services provider's stock worth $388,000 after purchasing an additional 207 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $382,000. Jones Financial Companies Lllp lifted its position in shares of 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 purchasing an additional 2,502 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of 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 purchasing an additional 110 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of 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 purchasing an additional 156 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG traded down $2.22 during trading hours on Tuesday, hitting $313.85. The stock had a trading volume of 1,110,061 shares, compared to its average volume of 1,381,683. The stock's fifty day simple moving average is $328.38 and its 200 day simple moving average is $320.16. Arthur J. Gallagher & Co. has a 1-year low of $263.22 and a 1-year high of $351.23. The firm has a market capitalization of $80.38 billion, a price-to-earnings ratio of 45.42 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 results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $3.85 billion. During the same quarter last year, the business earned $3.45 earnings per share. Arthur J. Gallagher & Co.'s revenue was up 14.5% compared to the same quarter last year. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on AJG. Keefe, Bruyette & Woods increased their price target on shares of 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. Wells Fargo & Company dropped their price objective on shares of 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. 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 objective on the stock. Jefferies Financial Group dropped their price objective 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. Finally, Barclays dropped their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $317.93.

Insider Activity

In other news, VP Scott R. Hudson sold 10,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $337.17, for a total value of $3,540,285.00. Following the completion of the transaction, the vice president directly owned 91,175 shares in the company, valued at $30,741,474.75. This trade represents a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David S. Johnson sold 1,000 shares of the 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 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 disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $8,528,080 over the last three months. Corporate insiders own 1.30% 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.