McGlone Suttner Wealth Management Inc. Has $603,000 Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

McGlone Suttner Wealth Management Inc. trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 34.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,748 shares of the financial services provider's stock after selling 922 shares during the period. McGlone Suttner Wealth Management Inc.'s holdings in Arthur J. Gallagher & Co. were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at $1,421,591,000. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 3,851,661 shares in the last quarter. Winslow Capital Management LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $719,489,000. Capital World Investors raised its position in Arthur J. Gallagher & Co. by 30.4% in 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 shares of Arthur J. Gallagher & Co. by 162.0% during the 4th quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider's stock worth $801,115,000 after purchasing an additional 1,745,283 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG traded down $2.13 on Monday, reaching $315.97. 403,042 shares of the stock traded hands, compared to its average volume of 1,551,091. The firm has a market cap of $80.92 billion, a price-to-earnings ratio of 45.73 and a beta of 0.71. Arthur J. Gallagher & Co. has a 12 month low of $263.21 and a 12 month high of $351.23. The stock's 50-day moving average price is $328.60 and its 200-day moving average price is $319.97. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.44.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.10. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.45 earnings per share. Equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS 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 issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AJG. 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 target price on the stock. Keefe, Bruyette & Woods raised 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. Jefferies Financial Group cut their target price on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Barclays raised their target price 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. Finally, Wells Fargo & Company reduced 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 note on Monday, June 9th. 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's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $319.29.

Insider Buying and Selling 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 dated Friday, May 16th. The stock was sold at an average price of $342.04, for a total value of $342,040.00. Following the completion of the transaction, the director directly owned 45,323 shares of the company's stock, valued at approximately $15,502,278.92. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 10,500 shares of the stock in a transaction dated 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 transaction, the vice president owned 91,175 shares of the company's stock, valued at approximately $30,741,474.75. This trade represents a 10.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock worth $8,528,080. Insiders own 1.30% of the company's stock.

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.