Somerset Trust Co Raises Stake in Arthur J. Gallagher & Co. (AJG)

Somerset Trust Co raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,698 shares of the financial services provider’s stock after buying an additional 22 shares during the period. Somerset Trust Co’s holdings in Arthur J. Gallagher & Co. were worth $498,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Arthur J. Gallagher & Co. by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 694,208 shares of the financial services provider’s stock valued at $36,071,000 after buying an additional 5,312 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $589,000. Thrivent Financial for Lutherans boosted its stake in shares of Arthur J. Gallagher & Co. by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,375 shares of the financial services provider’s stock valued at $331,000 after buying an additional 410 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $2,828,000. Finally, Teachers Advisors LLC boosted its stake in Arthur J. Gallagher & Co. by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 205,736 shares of the financial services provider’s stock worth $10,690,000 after buying an additional 14,548 shares in the last quarter. Institutional investors own 82.16% of the company’s stock.

Arthur J. Gallagher & Co. (NYSE:AJG) traded down 0.17% on Tuesday, hitting $58.81. The stock had a trading volume of 533,651 shares. Arthur J. Gallagher & Co. has a 52-week low of $47.16 and a 52-week high of $59.64. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 23.71 and a beta of 1.19. The company has a 50 day moving average price of $57.94 and a 200-day moving average price of $56.42.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.65%. Arthur J. Gallagher & Co.’s payout ratio is currently 62.90%.

COPYRIGHT VIOLATION WARNING: “Somerset Trust Co Raises Stake in Arthur J. Gallagher & Co. (AJG)” was originally posted by BBNS and is owned by of BBNS. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/arthur-j-gallagher-co-ajg-shares-bought-by-somerset-trust-co-updated-updated-updated/1196053.html.

Several research firms recently commented on AJG. BidaskClub raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Citigroup Inc. increased their price objective on Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $54.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 target price on shares of Arthur J. Gallagher & Co. in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $59.00.

In other news, VP Joel D. Cavaness sold 10,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total value of $587,300.00. Following the sale, the vice president now directly owns 96,186 shares in the company, valued at $5,649,003.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Susan E. Pietrucha sold 4,133 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $56.06, for a total value of $231,695.98. Following the completion of the sale, the insider now owns 112 shares in the company, valued at $6,278.72. The disclosure for this sale can be found here. Insiders have sold 49,829 shares of company stock valued at $2,904,780 in the last three months. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

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

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.