Arthur J. Gallagher & Co. (NYSE:AJG) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,913 shares of the financial services provider’s stock after acquiring an additional 1,580 shares during the period. Victory Capital Management Inc. owned 0.06% of Arthur J. Gallagher & Co. worth $22,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AJG. FinTrust Capital Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $25,000. Evoke Wealth LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 394.7% in the 4th quarter. Evoke Wealth LLC now owns 188 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $34,000. Ahrens Investment Partners LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $37,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $51,000. 84.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP William F. Ziebell sold 29,434 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $149.27, for a total value of $4,393,613.18. Following the sale, the vice president now owns 27,614 shares of the company’s stock, valued at $4,121,941.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 4,966 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $162.04, for a total transaction of $804,690.64. Following the sale, the insider now directly owns 17,160 shares of the company’s stock, valued at $2,780,606.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP William F. Ziebell sold 29,434 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $149.27, for a total transaction of $4,393,613.18. Following the sale, the vice president now directly owns 27,614 shares in the company, valued at $4,121,941.78. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AJG. Jefferies Financial Group cut their target price on shares of Arthur J. Gallagher & Co. from $211.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 12th. Morgan Stanley cut their target price on shares of Arthur J. Gallagher & Co. from $171.00 to $162.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. Wells Fargo & Company boosted their target price on shares of Arthur J. Gallagher & Co. from $193.00 to $209.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 12th. Royal Bank of Canada raised shares of Arthur J. Gallagher & Co. from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $182.00 to $185.00 in a research report on Thursday, June 16th. Finally, UBS Group assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Monday, April 18th. They set a “neutral” rating and a $192.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $189.60.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $176.49 on Friday. The stock has a market cap of $37.07 billion, a P/E ratio of 35.65, a PEG ratio of 2.22 and a beta of 0.68. The company’s 50-day simple moving average is $163.93 and its 200 day simple moving average is $163.69. Arthur J. Gallagher & Co. has a twelve month low of $137.26 and a twelve month high of $187.02. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last posted its earnings results on Thursday, July 28th. The financial services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Arthur J. Gallagher & Co. had a net margin of 12.31% and a return on equity of 16.62%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. As a group, research analysts forecast that Arthur J. Gallagher & Co. will post 7.76 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be paid a $0.51 dividend. The ex-dividend date is Thursday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 1.16%. Arthur J. Gallagher & Co.’s payout ratio is currently 41.21%.

Arthur J. Gallagher & Co. Profile

(Get Rating)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

See Also

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

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