Snowden Capital Advisors LLC Sells 13,205 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Snowden Capital Advisors LLC trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 75.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,334 shares of the financial services provider's stock after selling 13,205 shares during the period. Snowden Capital Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $1,230,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $25,000. MRP Capital Investments LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $28,000. New Age Alpha Advisors LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock valued at $31,000 after buying an additional 49 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 205.4% in the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock valued at $34,000 after buying an additional 76 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $35,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG traded down $2.32 during mid-day trading on Thursday, hitting $335.21. The stock had a trading volume of 771,640 shares, compared to its average volume of 1,314,900. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $85.85 billion, a P/E ratio of 51.41 and a beta of 0.78. Arthur J. Gallagher & Co. has a 52 week low of $244.60 and a 52 week high of $350.70. The business has a fifty day moving average price of $331.75 and a 200-day moving average price of $312.88.

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 EPS for the quarter, beating the consensus estimate of $3.57 by $0.10. The business had revenue of $3.69 billion for 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 company's revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 earnings per share. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.65 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. Arthur J. Gallagher & Co.'s dividend payout ratio is 37.63%.

Analyst Ratings Changes

AJG has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price 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 raised their target price 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. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods raised their price objective on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a "market perform" rating in a research note on Friday, May 2nd. Finally, Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $318.57.

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

In other news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the completion of the transaction, the vice president now directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan E. Pietrucha sold 13,500 shares of the stock in a transaction dated 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 sale, the insider now directly owns 11,941 shares in the company, valued at $4,109,256.33. This trade represents a 53.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,510 shares of company stock valued at $11,033,341 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

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.