Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 33.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,691 shares of the financial services provider's stock after selling 6,341 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Arthur J. Gallagher & Co. were worth $4,381,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. HWG Holdings LP purchased a new stake in Arthur J. Gallagher & Co. in the 1st quarter worth approximately $25,000. MRP Capital Investments LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $28,000. New Age Alpha Advisors LLC raised its stake in shares of Arthur J. Gallagher & Co. by 81.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock worth $31,000 after buying an additional 49 shares during the period. Johnson Financial Group Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 205.4% during the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock worth $34,000 after buying an additional 76 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $344.13, for a total value of $4,645,755.00. Following the completion of the sale, the insider directly owned 11,941 shares in the company, valued at $4,109,256.33. This represents a 53.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David S. Johnson sold 1,000 shares of the company's stock in a transaction 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 transaction, the director directly owned 45,323 shares in the company, valued at approximately $15,502,278.92. This trade represents a 2.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $8,528,080 in the last three months. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AJG. Wells Fargo & Company reduced 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. Barclays upped their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research note 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 target price for the company. Jefferies Financial Group reduced their target price on 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. Finally, Keefe, Bruyette & Woods boosted 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $319.29.

Arthur J. Gallagher & Co. Trading Down 1.2%

NYSE:AJG traded down $3.94 during trading hours on Wednesday, hitting $315.55. The company had a trading volume of 1,450,847 shares, compared to its average volume of 1,377,146. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $329.36 and a 200 day moving average of $318.99. The company has a market cap of $80.81 billion, a P/E ratio of 45.67 and a beta of 0.71. Arthur J. Gallagher & Co. has a 1 year low of $260.83 and a 1 year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.45 EPS. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, June 6th. Arthur J. Gallagher & Co.'s payout ratio is currently 37.63%.

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.