Sheaff Brock Investment Advisors LLC Has $864,000 Stake in Arthur J. Gallagher & Co. (AJG)

Sheaff Brock Investment Advisors LLC maintained its stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,100 shares of the financial services provider’s stock at the close of the 2nd quarter. Sheaff Brock Investment Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $864,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Arthur J. Gallagher & Co. by 3.2% during the first quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 99 shares during the last quarter. Koch Industries Inc. acquired a new stake in Arthur J. Gallagher & Co. during the first quarter valued at approximately $210,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Arthur J. Gallagher & Co. during the first quarter valued at approximately $215,000. Bronfman E.L. Rothschild L.P. lifted its stake in Arthur J. Gallagher & Co. by 6.2% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,847 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 225 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Arthur J. Gallagher & Co. during the first quarter valued at approximately $224,000. 81.59% of the stock is owned by institutional investors.

In related news, insider Susan E. Pietrucha sold 3,601 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $57.78, for a total value of $208,065.78. Following the completion of the sale, the insider now owns 4,055 shares in the company, valued at approximately $234,297.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas K. Howell sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $58.85, for a total value of $1,177,000.00. Following the completion of the sale, the chief financial officer now owns 47,800 shares of the company’s stock, valued at approximately $2,813,030. The disclosure for this sale can be found here. In the last three months, insiders sold 40,533 shares of company stock valued at $2,383,295. 1.60% of the stock is currently owned by insiders.

AJG has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $62.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Friday, June 9th. BidaskClub raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Wells Fargo & Company reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 14th. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, Barclays PLC boosted their price target on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.80.

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Arthur J. Gallagher & Co. (AJG) opened at 60.02 on Friday. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 24.20 and a beta of 1.20. Arthur J. Gallagher & Co. has a 1-year low of $47.16 and a 1-year high of $61.44. The firm has a 50-day moving average of $58.66 and a 200 day moving average of $57.24.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm posted $0.96 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Analysts expect that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, August 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.90%.

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)

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