Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,812 shares of the financial services provider's stock after buying an additional 821 shares during the period. Victory Capital Management Inc.'s holdings in Arthur J. Gallagher & Co. were worth $37,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth approximately $1,421,591,000. Vanguard Group Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 14.9% during the 4th quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock valued at $8,422,435,000 after acquiring an additional 3,851,661 shares in the last quarter. Winslow Capital Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $719,489,000. Capital World Investors boosted its position in shares of Arthur J. Gallagher & Co. by 30.4% during 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 acquiring an additional 1,910,471 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Arthur J. Gallagher & Co. by 162.0% during the 4th quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider's stock valued at $801,115,000 after acquiring an additional 1,745,283 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Analyst Ratings Changes

AJG has been the subject of a number of analyst reports. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price objective for the company. Wells Fargo & Company reduced their target price on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Barclays cut their price objective on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Keefe, Bruyette & Woods lifted their price objective on Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. Finally, Jefferies Financial Group lowered 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. Two investment analysts have rated the stock with a sell rating, seven have assigned 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.

Arthur J. Gallagher & Co. Trading Up 1.4%

AJG stock traded up $4.24 during trading on Tuesday, hitting $312.48. 662,701 shares of the company traded hands, compared to its average volume of 1,393,434. The firm has a market capitalization of $80.02 billion, a PE ratio of 45.21 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. The company has a 50-day moving average of $325.18 and a 200-day moving average of $321.95. 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 announced its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the company earned $3.45 EPS. The business's revenue was up 14.5% compared to the same quarter last year. Analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.60 annualized dividend and a yield of 0.83%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $337.17, for a total transaction of $3,540,285.00. Following the sale, the vice president directly owned 91,175 shares of the company's stock, valued at $30,741,474.75. The trade was a 10.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the insider owned 11,941 shares of the company's stock, valued at approximately $4,109,256.33. This represents a 53.06% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock valued at $8,528,080. 1.30% of the stock is currently owned by insiders.

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.