Wagner Bowman Management Corp Purchases 200 Shares of Arthur J Gallagher & Co (AJG)

Wagner Bowman Management Corp boosted its stake in Arthur J Gallagher & Co (NYSE:AJG) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 12,700 shares of the financial services provider’s stock after buying an additional 200 shares during the period. Wagner Bowman Management Corp’s holdings in Arthur J Gallagher & Co were worth $718,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. SRB Corp bought a new position in Arthur J Gallagher & Co during the third quarter valued at $172,000. State of Alaska Department of Revenue increased its position in Arthur J Gallagher & Co by 6.9% in the third quarter. State of Alaska Department of Revenue now owns 3,755 shares of the financial services provider’s stock valued at $191,000 after buying an additional 243 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in Arthur J Gallagher & Co during the third quarter valued at $204,000. Yorktown Management & Research Co Inc bought a new position in Arthur J Gallagher & Co during the third quarter valued at $209,000. Finally, RFG Advisory Group LLC bought a new position in Arthur J Gallagher & Co during the fourth quarter valued at $209,000. 83.11% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Arthur J Gallagher & Co (NYSE:AJG) traded down 1.14% during trading on Friday, reaching $55.61. The company’s stock had a trading volume of 767,924 shares. The stock has a 50 day moving average of $56.43 and a 200-day moving average of $53.01. The company has a market capitalization of $9.93 billion, a PE ratio of 23.97 and a beta of 1.14. Arthur J Gallagher & Co has a 1-year low of $43.90 and a 1-year high of $57.82.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. Arthur J Gallagher & Co had a return on equity of 13.31% and a net margin of 7.41%. The business earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. On average, analysts expect that Arthur J Gallagher & Co will post $3.05 earnings per share for the current year.

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AJG has been the topic of several analyst reports. Zacks Investment Research downgraded Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, March 29th. BMO Capital Markets boosted their target price on Arthur J Gallagher & Co from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Finally, Citigroup Inc boosted their target price on Arthur J Gallagher & Co from $56.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, April 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Arthur J Gallagher & Co currently has an average rating of “Hold” and an average price target of $54.88.

In other news, CFO Douglas K. Howell sold 20,033 shares of Arthur J Gallagher & Co stock in a transaction on Friday, March 17th. The stock was sold at an average price of $56.95, for a total value of $1,140,879.35. Following the completion of the sale, the chief financial officer now directly owns 31,606 shares of the company’s stock, valued at $1,799,961.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kay W. Mccurdy sold 2,330 shares of Arthur J Gallagher & Co stock in a transaction on Monday, January 30th. The shares were sold at an average price of $54.15, for a total value of $126,169.50. Following the completion of the sale, the director now directly owns 33,425 shares of the company’s stock, valued at $1,809,963.75. The disclosure for this sale can be found here. Insiders sold 51,897 shares of company stock valued at $2,860,634 over the last ninety days. Insiders own 1.70% 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.

5 Day Chart for NYSE:AJG

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J Gallagher & Co (NYSE:AJG).

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