Strategy Asset Managers LLC Has $8.63 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Strategy Asset Managers LLC lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 14.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,672 shares of the financial services provider’s stock after selling 5,065 shares during the period. Arthur J. Gallagher & Co. accounts for 1.7% of Strategy Asset Managers LLC’s portfolio, making the stock its 14th largest holding. Strategy Asset Managers LLC’s holdings in Arthur J. Gallagher & Co. were worth $8,630,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at about $26,000. Creekmur Asset Management LLC bought a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. grew its holdings in Arthur J. Gallagher & Co. by 89.7% during the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 52 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter valued at approximately $29,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG stock opened at $292.33 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $301.04. The firm has a market cap of $64.14 billion, a price-to-earnings ratio of 55.68, a PEG ratio of 2.51 and a beta of 0.72. The stock has a 50-day moving average price of $288.25 and a 200 day moving average price of $275.98.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the business posted $2.00 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 12.8% compared to the same quarter last year. Research analysts expect that Arthur J. Gallagher & Co. will post 10.11 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, December 6th. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

Analyst Ratings Changes

A number of research firms recently issued reports on AJG. Bank Of America (Bofa) raised their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. Jefferies Financial Group boosted their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Bank of America raised their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada upped their target price on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average target price of $289.14.

Insiders Place Their Bets

In related news, VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares in the company, valued at $4,211,438. This represents a 16.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $284.68, for a total value of $1,992,760.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,625,146.84. This represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,900 shares of company stock worth $6,892,280. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.