MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 15,021 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 39.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,125 shares of the financial services provider's stock after selling 15,021 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Arthur J. Gallagher & Co. were worth $6,564,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Running Oak Capital LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 8.9% during the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock worth $13,830,000 after buying an additional 3,983 shares during the last quarter. Red Spruce Capital LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $298,000. Hartford Investment Management Co. lifted its stake in shares of Arthur J. Gallagher & Co. by 11.1% in the fourth quarter. Hartford Investment Management Co. now owns 15,434 shares of the financial services provider's stock worth $4,381,000 after acquiring an additional 1,537 shares in the last quarter. Iams Wealth Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 65.0% in the fourth quarter. Iams Wealth Management LLC now owns 7,962 shares of the financial services provider's stock valued at $2,260,000 after purchasing an additional 3,138 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in Arthur J. Gallagher & Co. by 4.0% during the 4th quarter. Retirement Systems of Alabama now owns 181,269 shares of the financial services provider's stock valued at $51,453,000 after purchasing an additional 6,905 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AJG has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on 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. Royal Bank of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Jefferies Financial Group cut their target price 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. Keefe, Bruyette & Woods upped 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 report on Friday, May 2nd. Finally, Redburn Atlantic initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $318.57.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG traded down $3.59 during midday trading on Tuesday, reaching $340.23. The company's stock had a trading volume of 908,691 shares, compared to its average volume of 1,315,628. Arthur J. Gallagher & Co. has a one year low of $244.60 and a one year high of $350.70. The company has a market cap of $87.13 billion, a price-to-earnings ratio of 52.18 and a beta of 0.78. The company has a 50 day moving average price of $331.16 and a 200 day moving average price of $312.51. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued 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. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction 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. This trade represents a 53.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $342,040.00. Following the completion of the transaction, the director now owns 45,323 shares in the company, valued at $15,502,278.92. This trade represents a 2.16% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,010 shares of company stock valued at $7,493,056. Corporate insiders own 1.60% 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.