Csenge Advisory Group Has $694,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Csenge Advisory Group trimmed its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,675 shares of the financial services provider’s stock after selling 104 shares during the period. Csenge Advisory Group’s holdings in Arthur J. Gallagher & Co. were worth $694,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Richardson Financial Services Inc. acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth $27,000. Creekmur Asset Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter worth about $27,000. Transcendent Capital Group LLC acquired a new position in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $31,000. Security National Bank acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at $33,000. Finally, DSM Capital Partners LLC bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AJG shares. The Goldman Sachs Group lifted their target price on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Wells Fargo & Company boosted their target price on shares of Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. BMO Capital Markets raised their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada raised their price objective on Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Bank Of America (Bofa) increased their price target on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $274.44.

Arthur J. Gallagher & Co. Trading Up 0.5 %

NYSE:AJG opened at $283.00 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $215.37 and a 12 month high of $290.31. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $266.86 and its 200 day moving average is $251.54. The stock has a market capitalization of $61.84 billion, a PE ratio of 57.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 EPS. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.15 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.60 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.40 annualized dividend and a yield of 0.85%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 8,710 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $285.07, for a total value of $2,482,959.70. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,654,772.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Walter D. Bay sold 6,335 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total value of $1,799,520.10. Following the completion of the sale, the general counsel now owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Douglas K. Howell sold 8,710 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total value of $2,482,959.70. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,654,772.41. The disclosure for this sale can be found here. Insiders have sold a total of 52,210 shares of company stock valued at $13,936,969 over the last 90 days. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.