VCI Wealth Management LLC Has $2.13 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

VCI Wealth Management LLC lowered its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 21.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,169 shares of the financial services provider's stock after selling 1,641 shares during the period. Arthur J. Gallagher & Co. accounts for 0.9% of VCI Wealth Management LLC's portfolio, making the stock its 27th biggest holding. VCI Wealth Management LLC's holdings in Arthur J. Gallagher & Co. were worth $2,130,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AJG. HWG Holdings LP acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at about $25,000. New Age Alpha Advisors LLC lifted its position 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 worth $31,000 after purchasing an additional 49 shares in the last quarter. Centennial Bank AR acquired a new position in Arthur J. Gallagher & Co. in the first quarter worth approximately $38,000. Johnson Financial Group Inc. grew its holdings in Arthur J. Gallagher & Co. by 205.4% during the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 76 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Arthur J. Gallagher & Co. by 2,750.0% during the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Analyst Ratings Changes

AJG has been the topic of several analyst reports. Erste Group Bank reiterated a "hold" rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday. Keefe, Bruyette & Woods raised their price objective on shares of Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 9th. Barclays lowered their price objective 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 note on Monday, July 7th. Wells Fargo & Company lowered 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 note on Monday, June 9th. Finally, 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 on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $318.21.

Insider Activity

In other news, insider Susan E. Pietrucha sold 13,500 shares of the firm'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 approximately $4,109,256.33. This trade represents a 53.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 10,500 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were 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 owned 91,175 shares of the company's stock, valued at approximately $30,741,474.75. This trade represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock worth $8,528,080. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG traded down $1.44 during midday trading on Thursday, reaching $309.35. 731,836 shares of the company traded hands, compared to its average volume of 1,508,993. The firm has a market cap of $79.22 billion, a PE ratio of 44.77 and a beta of 0.71. The stock's 50-day simple moving average is $323.93 and its 200-day simple moving average is $322.00. Arthur J. Gallagher & Co. has a 12 month low of $267.00 and a 12 month high of $351.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings data 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 14.83% and a net margin of 14.39%. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.85 billion. During the same period last year, the business earned $3.45 earnings per share. The business's revenue was up 14.5% on a year-over-year basis. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.84%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

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.