Profund Advisors LLC boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 10.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,005 shares of the financial services provider’s stock after buying an additional 568 shares during the period. Profund Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $340,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. SRB Corp purchased a new stake in Arthur J. Gallagher & Co. during the third quarter valued at $172,000. HighPoint Advisor Group LLC bought a new stake in Arthur J. Gallagher & Co. during the third quarter valued at approximately $204,000. RFG Advisory Group LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at about $209,000. Sunbelt Securities Inc. boosted its position in Arthur J. Gallagher & Co. by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 4,608 shares of the financial services provider’s stock valued at $239,000 after buying an additional 14 shares during the last quarter. Finally, Private Advisory Group LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at about $245,000. 83.14% of the stock is owned by institutional investors and hedge funds.
Arthur J. Gallagher & Co. (AJG) traded up 0.07% on Monday, reaching $59.01. The company had a trading volume of 738,829 shares. The company has a 50-day moving average of $56.45 and a 200 day moving average of $54.90. Arthur J. Gallagher & Co. has a one year low of $43.90 and a one year high of $59.11. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 24.95 and a beta of 1.18.
Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.42%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post $3.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were given a $0.39 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.64%. Arthur J. Gallagher & Co.’s payout ratio is 65.82%.
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Several research firms have issued reports on AJG. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 14th. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, June 9th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, May 2nd. Finally, Citigroup Inc. lowered Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.86.
In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $58.85, for a total transaction of $1,177,000.00. Following the completion of the transaction, the chief financial officer now directly owns 47,800 shares in the company, valued at $2,813,030. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP William F. Ziebell sold 7,764 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $56.59, for a total transaction of $439,364.76. Following the transaction, the vice president now owns 8,495 shares of the company’s stock, valued at $480,732.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,897 shares of company stock valued at $1,906,551. 1.60% of the stock is owned by company insiders.
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.
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