Integrated Advisors Network LLC Sells 869 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Integrated Advisors Network LLC cut its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 38.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,382 shares of the financial services provider's stock after selling 869 shares during the period. Integrated Advisors Network LLC's holdings in Arthur J. Gallagher & Co. were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Trueblood Wealth Management LLC lifted its position in Arthur J. Gallagher & Co. by 4.8% during the 1st quarter. Trueblood Wealth Management LLC now owns 9,808 shares of the financial services provider's stock worth $3,386,000 after buying an additional 447 shares in the last quarter. Atwood & Palmer Inc. grew its stake in Arthur J. Gallagher & Co. by 87.1% in the 1st quarter. Atwood & Palmer Inc. now owns 1,040 shares of the financial services provider's stock valued at $359,000 after buying an additional 484 shares during the last quarter. Sanibel Captiva Trust Company Inc. grew its stake in Arthur J. Gallagher & Co. by 47.7% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 2,476 shares of the financial services provider's stock valued at $855,000 after buying an additional 800 shares during the last quarter. Curated Wealth Partners LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $473,000. Finally, Yousif Capital Management LLC grew its position in shares of Arthur J. Gallagher & Co. by 1.6% during the 1st quarter. Yousif Capital Management LLC now owns 33,523 shares of the financial services provider's stock worth $11,573,000 after purchasing an additional 527 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Activity

In other 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 value of $342,040.00. Following the completion of the sale, the director now directly owns 45,323 shares in the company, valued at approximately $15,502,278.92. The trade was a 2.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Susan E. Pietrucha sold 13,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 11,941 shares of the company's stock, valued at approximately $4,109,256.33. The trade was a 53.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,510 shares of company stock valued at $11,033,341 over the last quarter. Company insiders own 1.30% of the company's stock.

Arthur J. Gallagher & Co. Stock Down 1.2%

Shares of AJG traded down $3.77 during trading hours on Friday, reaching $316.38. 1,038,988 shares of the stock traded hands, compared to its average volume of 1,341,506. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $331.51 and a 200 day simple moving average of $317.21. Arthur J. Gallagher & Co. has a 52 week low of $251.42 and a 52 week high of $351.23. The company has a market cap of $81.02 billion, a price-to-earnings ratio of 48.52 and a beta of 0.74.

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 the consensus estimate of $3.57 by $0.10. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.45 earnings per share. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared 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 0.82%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 37.63%.

Analysts Set New Price Targets

Several analysts recently issued reports on AJG shares. Barclays increased 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 report on Friday, April 11th. Redburn Atlantic began 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 for the company. Wells Fargo & Company decreased their price objective on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Jefferies Financial Group decreased their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised 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 report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $319.29.

About Arthur J. Gallagher & Co.

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.