Oxbow Advisors LLC Has $3.74 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Oxbow Advisors LLC lowered its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,424 shares of the financial services provider’s stock after selling 73 shares during the quarter. Oxbow Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $3,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Richardson Financial Services Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $27,000. Creekmur Asset Management LLC bought a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 89.7% in the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 52 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $31,000. Finally, Security National Bank bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth $33,000. Institutional investors own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 8,710 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $285.07, for a total value of $2,482,959.70. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,654,772.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 6,335 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total value of $1,799,520.10. Following the completion of the sale, the general counsel now directly owns 30,053 shares of the company’s stock, valued at $8,536,855.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas K. Howell sold 8,710 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the sale, the chief financial officer now owns 75,963 shares of the company’s stock, valued at $21,654,772.41. The disclosure for this sale can be found here. Insiders have sold a total of 48,348 shares of company stock valued at $13,342,910 over the last 90 days. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG traded down $0.76 on Friday, hitting $294.19. The company’s stock had a trading volume of 671,525 shares, compared to its average volume of 826,065. The company has a market capitalization of $64.28 billion, a PE ratio of 59.55, a PEG ratio of 2.46 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50-day simple moving average of $279.84 and a 200 day simple moving average of $259.28. Arthur J. Gallagher & Co. has a 1 year low of $218.63 and a 1 year high of $298.24.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the firm posted $1.90 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 14.3% on a year-over-year basis. Sell-side analysts forecast that Arthur J. Gallagher & Co. will post 10.16 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.40 annualized dividend and a yield of 0.82%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America raised their price objective on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a research note on Wednesday, May 22nd. Argus increased their price target on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Keefe, Bruyette & Woods boosted their price target on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an “underperform” rating in a report on Friday, July 26th. Bank Of America (Bofa) upped their price objective on 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. Finally, Wells Fargo & Company lifted their price objective on Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $276.82.

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.