Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,384 shares of the financial services provider’s stock after acquiring an additional 7,085 shares during the period. NewEdge Advisors LLC owned about 0.10% of Arthur J. Gallagher & Co. worth $36,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at approximately $25,000. Riverview Trust Co purchased a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $34,000. Ahrens Investment Partners LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $37,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $51,000. Finally, Covestor Ltd purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $52,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 6,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $190.32, for a total transaction of $1,141,920.00. Following the transaction, the chief financial officer now owns 88,123 shares in the company, valued at approximately $16,771,569.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Douglas K. Howell sold 6,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $190.32, for a total transaction of $1,141,920.00. Following the transaction, the chief financial officer now owns 88,123 shares in the company, valued at approximately $16,771,569.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David S. Johnson sold 1,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $190.14, for a total transaction of $190,140.00. Following the transaction, the director now owns 47,508 shares in the company, valued at approximately $9,033,171.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,117 shares of company stock worth $10,295,554. 1.40% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Up 0.3 %

Shares of NYSE AJG opened at $187.09 on Friday. Arthur J. Gallagher & Co. has a 52-week low of $142.53 and a 52-week high of $191.99. The firm has a fifty day moving average of $177.28 and a 200-day moving average of $168.95. The stock has a market capitalization of $39.35 billion, a PE ratio of 37.80, a P/E/G ratio of 2.32 and a beta of 0.67. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company earned $1.17 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 7.78 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 1.09%. Arthur J. Gallagher & Co.’s payout ratio is 41.21%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Raymond James raised their price objective on shares of Arthur J. Gallagher & Co. from $195.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 1st. Argus started coverage on shares of Arthur J. Gallagher & Co. in a research note on Friday, August 26th. They set a “buy” rating and a $215.00 price objective for the company. Evercore ISI set a $195.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Monday, June 20th. Royal Bank of Canada raised shares of Arthur J. Gallagher & Co. from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $182.00 to $185.00 in a research note on Thursday, June 16th. Finally, Morgan Stanley lifted their target price on shares of Arthur J. Gallagher & Co. from $162.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, August 19th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.90.

Arthur J. Gallagher & Co. Profile

(Get Rating)

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.

See Also

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

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