Atria Investments Inc Has $8.13 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

Atria Investments Inc increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,401 shares of the financial services provider’s stock after acquiring an additional 301 shares during the quarter. Atria Investments Inc’s holdings in Arthur J. Gallagher & Co. were worth $8,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its holdings in Arthur J. Gallagher & Co. by 209.1% in the second quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 69 shares during the last quarter. AlphaQuest LLC bought a new stake in Arthur J. Gallagher & Co. in the first quarter valued at about $33,000. Saudi Central Bank bought a new stake in Arthur J. Gallagher & Co. in the first quarter valued at about $34,000. Centennial Bank AR bought a new stake in Arthur J. Gallagher & Co. in the first quarter valued at about $38,000. Finally, Motco increased its holdings in Arthur J. Gallagher & Co. by 700.0% in the first quarter. Motco now owns 112 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 8,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the completion of the transaction, the chief financial officer directly owned 100,777 shares in the company, valued at approximately $30,186,742.58. This trade represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott R. Hudson sold 12,855 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the transaction, the vice president owned 85,920 shares of the company’s stock, valued at approximately $25,569,792. The trade was a 13.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 29,855 shares of company stock valued at $8,916,928. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Down 4.7%

NYSE:AJG opened at $249.83 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $64.06 billion, a PE ratio of 35.49 and a beta of 0.73. Arthur J. Gallagher & Co. has a 52-week low of $242.75 and a 52-week high of $351.23. The stock has a 50-day simple moving average of $294.70 and a 200 day simple moving average of $310.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.26 earnings per share. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, December 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 36.93%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cowen reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Friday. Cantor Fitzgerald upgraded Arthur J. Gallagher & Co. to a “strong-buy” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods lowered their price target on Arthur J. Gallagher & Co. from $315.00 to $275.00 and set a “market perform” rating for the company in a report on Friday. Wells Fargo & Company increased their price target on Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Evercore ISI lowered their price target on Arthur J. Gallagher & Co. from $370.00 to $353.00 and set an “outperform” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $326.40.

About Arthur J. Gallagher & Co.

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.