Asset Management One Co. Ltd. Increases Stock Holdings in Arthur J Gallagher & Co (NYSE:AJG)

Asset Management One Co. Ltd. grew its stake in Arthur J Gallagher & Co (NYSE:AJG) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,975 shares of the financial services provider’s stock after purchasing an additional 10,128 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of Arthur J Gallagher & Co worth $8,232,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Zions Bancorporation N.A. bought a new position in shares of Arthur J Gallagher & Co during the 1st quarter worth about $25,000. Commonwealth Bank of Australia raised its holdings in Arthur J Gallagher & Co by 35.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock valued at $40,000 after buying an additional 126 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in Arthur J Gallagher & Co by 675.7% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 574 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 500 shares during the last quarter. Thor Advisors LLC bought a new position in Arthur J Gallagher & Co during the 1st quarter worth approximately $67,000. Finally, Synovus Financial Corp raised its holdings in Arthur J Gallagher & Co by 32.9% during the 2nd quarter. Synovus Financial Corp now owns 868 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 81.62% of the company’s stock.

NYSE:AJG traded up $0.51 during trading hours on Friday, hitting $87.98. 979,938 shares of the company traded hands, compared to its average volume of 822,753. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.77. The firm’s 50-day simple moving average is $88.81 and its 200-day simple moving average is $86.51. Arthur J Gallagher & Co has a one year low of $68.19 and a one year high of $92.74. The company has a market cap of $16.37 billion, a PE ratio of 25.50, a PEG ratio of 2.49 and a beta of 0.81.

Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Arthur J Gallagher & Co had a return on equity of 14.19% and a net margin of 9.77%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. As a group, equities research analysts expect that Arthur J Gallagher & Co will post 3.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, September 5th. Arthur J Gallagher & Co’s payout ratio is 49.86%.

Several brokerages have recently commented on AJG. Credit Suisse Group reaffirmed an “outperform” rating and set a $93.00 price objective (up previously from $88.00) on shares of Arthur J Gallagher & Co in a research report on Wednesday, August 7th. ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a research report on Tuesday, July 23rd. Royal Bank of Canada set a $90.00 price target on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, SunTrust Banks lifted their price target on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Arthur J Gallagher & Co presently has an average rating of “Hold” and an average target price of $91.63.

In other Arthur J Gallagher & Co news, Director Kay W. Mccurdy sold 2,250 shares of Arthur J Gallagher & Co stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $90.84, for a total transaction of $204,390.00. Following the completion of the transaction, the director now owns 30,232 shares of the company’s stock, valued at approximately $2,746,274.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan E. Pietrucha sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $90.33, for a total value of $1,625,940.00. Following the completion of the sale, the insider now owns 4,967 shares of the company’s stock, valued at approximately $448,669.11. The disclosure for this sale can be found here. Insiders have sold a total of 22,500 shares of company stock worth $2,037,330 over the last quarter. Company insiders own 1.30% of the company’s stock.

Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its 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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