Arthur J. Gallagher & Co. (NYSE:AJG) Holdings Boosted by AIA Group Ltd

AIA Group Ltd boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) by 54.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,344 shares of the financial services provider’s stock after acquiring an additional 471 shares during the period. AIA Group Ltd’s holdings in Arthur J. Gallagher & Co. were worth $235,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. FinTrust Capital Advisors LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $25,000. Evoke Wealth LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 394.7% during the fourth quarter. Evoke Wealth LLC now owns 188 shares of the financial services provider’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $34,000. Ahrens Investment Partners LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $37,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $51,000. Institutional investors own 84.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AJG. UBS Group began coverage on Arthur J. Gallagher & Co. in a report on Monday, April 18th. They set a “neutral” rating and a $192.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of Arthur J. Gallagher & Co. from $193.00 to $209.00 and gave the company an “overweight” rating in a research note on Tuesday, April 12th. Evercore ISI set a $195.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Monday, June 20th. Raymond James raised their price objective on shares of Arthur J. Gallagher & Co. from $195.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Monday, August 1st. Finally, Jefferies Financial Group lowered their price objective on shares of Arthur J. Gallagher & Co. from $211.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 12th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.60.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP William F. Ziebell sold 29,434 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $149.27, for a total transaction of $4,393,613.18. Following the transaction, the vice president now directly owns 27,614 shares in the company, valued at approximately $4,121,941.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Arthur J. Gallagher & Co. news, VP William F. Ziebell sold 29,434 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $149.27, for a total transaction of $4,393,613.18. Following the completion of the sale, the vice president now owns 27,614 shares of the company’s stock, valued at approximately $4,121,941.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan E. Pietrucha sold 4,966 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $162.04, for a total transaction of $804,690.64. Following the sale, the insider now directly owns 17,160 shares of the company’s stock, valued at approximately $2,780,606.40. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 1.1 %

NYSE AJG opened at $178.51 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $138.37 and a twelve month high of $187.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $37.55 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 2.27 and a beta of 0.68. The firm’s 50 day moving average price is $164.19 and its two-hundred day moving average price is $163.84.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.02. Arthur J. Gallagher & Co. had a net margin of 12.31% and a return on equity of 16.62%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company posted $1.17 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 7.76 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, September 1st. Arthur J. Gallagher & Co.’s payout ratio is 41.21%.

About Arthur J. Gallagher & Co.

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Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

Further Reading

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

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