Mn Services Vermogensbeheer B.V. Sells 5,000 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Mn Services Vermogensbeheer B.V. cut its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,910 shares of the financial services provider's stock after selling 5,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Arthur J. Gallagher & Co. were worth $27,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $246,000. Factory Mutual Insurance Co. acquired a new position in Arthur J. Gallagher & Co. during the 1st quarter worth about $2,417,000. SFM LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $1,389,000. Ritholtz Wealth Management increased its stake in shares of Arthur J. Gallagher & Co. by 6.0% in the 1st quarter. Ritholtz Wealth Management now owns 9,088 shares of the financial services provider's stock valued at $3,137,000 after buying an additional 514 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its position in Arthur J. Gallagher & Co. by 3.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 1,614 shares of the financial services provider's stock worth $557,000 after purchasing an additional 47 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,500 shares of the firm's stock in a transaction on 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 completion of the sale, the vice president now directly owns 91,175 shares of the company's stock, 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 filing with the SEC, which is available through this link. Also, Director David S. Johnson sold 1,000 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $342.04, for a total transaction of $342,040.00. Following the sale, the director now directly owns 45,323 shares in the company, valued at approximately $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. Over the last three months, insiders sold 32,510 shares of company stock valued at $11,033,341. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

AJG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted 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, June 5th. Jefferies Financial Group lowered 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. Redburn Atlantic began coverage on 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. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Finally, Barclays lifted their price objective on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Two equities 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $319.29.

Arthur J. Gallagher & Co. Stock Down 1.2%

NYSE:AJG traded down $3.77 on Friday, hitting $316.38. The stock had a trading volume of 1,038,988 shares, compared to its average volume of 1,344,334. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 52 week low of $251.42 and a 52 week high of $351.23. The business's fifty day moving average is $331.51 and its 200 day moving average is $317.22. The company has a market cap of $81.02 billion, a PE ratio of 48.52 and a beta of 0.74.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the business earned $3.45 EPS. The company's quarterly revenue was up 14.5% on a year-over-year basis. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued 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 is presently 37.63%.

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.