Unigestion Holding SA Sells 2,036 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Unigestion Holding SA cut its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 36.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,565 shares of the financial services provider's stock after selling 2,036 shares during the quarter. Unigestion Holding SA's holdings in Arthur J. Gallagher & Co. were worth $1,231,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC increased its stake in Arthur J. Gallagher & Co. by 17.8% in the 1st quarter. Whipplewood Advisors LLC now owns 1,013 shares of the financial services provider's stock worth $350,000 after purchasing an additional 153 shares during the period. RFG Advisory LLC raised its holdings in Arthur J. Gallagher & Co. by 0.5% during the 1st quarter. RFG Advisory LLC now owns 7,195 shares of the financial services provider's stock valued at $2,484,000 after buying an additional 36 shares during the last quarter. Fulton Bank N.A. grew its holdings in Arthur J. Gallagher & Co. by 4.6% in the 1st quarter. Fulton Bank N.A. now owns 1,052 shares of the financial services provider's stock worth $363,000 after acquiring an additional 46 shares during the last quarter. HBW Advisory Services LLC increased its position in shares of Arthur J. Gallagher & Co. by 7.7% in the first quarter. HBW Advisory Services LLC now owns 1,219 shares of the financial services provider's stock valued at $421,000 after acquiring an additional 87 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 6.8% during the first quarter. Merit Financial Group LLC now owns 8,484 shares of the financial services provider's stock worth $2,929,000 after purchasing an additional 537 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, insider Susan E. Pietrucha sold 13,500 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the sale, the insider now owns 11,941 shares of the company's stock, valued at $4,109,256.33. This 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 available through this link. Also, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction dated 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 owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. This represents a 7.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,510 shares of company stock valued at $11,033,341. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays boosted their price target 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. Jefferies Financial Group dropped their price target 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. Keefe, Bruyette & Woods boosted their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a "market perform" rating in a research report on Thursday. Redburn Atlantic assumed 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 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $319.36.

Arthur J. Gallagher & Co. Stock Down 2.5%

Shares of NYSE:AJG traded down $8.36 during trading on Thursday, reaching $327.99. 1,851,429 shares of the stock traded hands, compared to its average volume of 1,334,273. The stock has a market cap of $84.00 billion, a P/E ratio of 50.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a 50-day moving average of $333.09 and a two-hundred day moving average of $316.31. Arthur J. Gallagher & Co. has a 52-week low of $250.72 and a 52-week 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 for the quarter, topping the consensus estimate of $3.57 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm posted $3.45 EPS. Arthur J. Gallagher & Co.'s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is 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.