Segall Bryant & Hamill LLC Lowers Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Segall Bryant & Hamill LLC trimmed its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 29.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,710 shares of the financial services provider's stock after selling 8,500 shares during the period. Segall Bryant & Hamill LLC's holdings in Arthur J. Gallagher & Co. were worth $7,150,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Arthur J. Gallagher & Co. by 14.9% during the fourth quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock valued at $8,422,435,000 after buying an additional 3,851,661 shares in the last quarter. Capital International Investors lifted its stake in Arthur J. Gallagher & Co. by 3.1% in the 4th quarter. Capital International Investors now owns 10,067,647 shares of the financial services provider's stock valued at $2,857,737,000 after acquiring an additional 305,876 shares in the last quarter. Capital World Investors grew its holdings in Arthur J. Gallagher & Co. by 30.4% in the 4th quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider's stock valued at $2,327,403,000 after buying an additional 1,910,471 shares in the last quarter. Geode Capital Management LLC raised its position in Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Geode Capital Management LLC now owns 6,277,993 shares of the financial services provider's stock valued at $1,779,248,000 after purchasing an additional 787,265 shares during the last quarter. Finally, Norges Bank acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $1,421,591,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Trading Up 1.4%

Shares of AJG stock opened at $314.28 on Friday. The business's fifty day moving average price is $325.70 and its 200 day moving average price is $321.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $80.49 billion, a PE ratio of 45.48 and a beta of 0.71. Arthur J. Gallagher & Co. has a 1-year low of $267.00 and a 1-year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 14.83% and a net margin of 14.39%. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.45 earnings per share. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

Insider Activity

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $344.13, for a total value of $4,645,755.00. Following the transaction, the insider directly owned 11,941 shares in the company, valued at $4,109,256.33. This represents a 53.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the director directly owned 45,323 shares of the company's stock, valued at approximately $15,502,278.92. This represents a 2.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock worth $8,528,080. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AJG has been the subject of several research reports. Keefe, Bruyette & Woods increased their target price on Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Redburn Atlantic initiated 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 price objective for the company. Jefferies Financial Group reduced their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Barclays reduced their price target on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Finally, Wells Fargo & Company cut their price objective on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating on the stock in a research report on Monday, June 9th. Two 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $318.21.

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.

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