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Vontobel Holding Ltd. Has $7.66 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Arthur J. Gallagher & Co. logo with Finance background

Vontobel Holding Ltd. lessened its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 13.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,180 shares of the financial services provider's stock after selling 3,321 shares during the period. Vontobel Holding Ltd.'s holdings in Arthur J. Gallagher & Co. were worth $7,657,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. HWG Holdings LP bought a new position in Arthur J. Gallagher & Co. during the 1st quarter worth $25,000. MRP Capital Investments LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $28,000. New Age Alpha Advisors LLC raised its stake in 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 purchasing an additional 49 shares in the last quarter. Johnson Financial Group Inc. lifted its position 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 worth $34,000 after purchasing an additional 76 shares during the period. Finally, Golden State Wealth Management LLC grew its stake 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 worth $39,000 after buying an additional 110 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 directly owned 91,175 shares in the company, valued at approximately $30,741,474.75. The trade was a 10.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Susan E. Pietrucha sold 13,500 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the sale, the insider directly owned 11,941 shares of the company's stock, valued at approximately $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 a total of 25,000 shares of company stock worth $8,528,080 in the last 90 days. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group reduced their target price on 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. Keefe, Bruyette & Woods raised their price objective on Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a "market perform" rating in a report on Thursday, June 5th. Wells Fargo & Company reduced their price objective on 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. Barclays lifted their price target on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Finally, Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $319.29.

Get Our Latest Stock Analysis on Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. Trading Up 0.2%

Arthur J. Gallagher & Co. stock traded up $0.76 during mid-day trading on Friday, hitting $316.50. 639,946 shares of the stock were exchanged, compared to its average volume of 1,378,055. The stock has a market capitalization of $81.06 billion, a price-to-earnings ratio of 45.80 and a beta of 0.71. Arthur J. Gallagher & Co. has a 12 month low of $260.83 and a 12 month high of $351.23. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.56. The firm's fifty day simple moving average is $328.60 and its two-hundred day simple moving average is $319.40.

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 for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 14.39% and a return on equity of 14.83%. Arthur J. Gallagher & Co.'s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.45 earnings per share. Analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is 37.63%.

About Arthur J. Gallagher & Co.

(Free Report)

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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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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