Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by South Street Advisors LLC

South Street Advisors LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,443 shares of the financial services provider’s stock after acquiring an additional 381 shares during the period. Arthur J. Gallagher & Co. makes up approximately 1.8% of South Street Advisors LLC’s holdings, making the stock its 26th biggest holding. South Street Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $12,043,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UBS Group AG boosted its stake in Arthur J. Gallagher & Co. by 8.5% in the fourth quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock valued at $81,281,000 after acquiring an additional 28,359 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth $3,841,000. Brookstone Capital Management lifted its stake in shares of Arthur J. Gallagher & Co. by 70.4% during the first quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock worth $3,213,000 after buying an additional 5,308 shares during the period. Sei Investments Co. lifted its stake in shares of Arthur J. Gallagher & Co. by 11.7% during the first quarter. Sei Investments Co. now owns 194,568 shares of the financial services provider’s stock worth $48,649,000 after buying an additional 20,302 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $979,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Down 0.1 %

Shares of NYSE AJG opened at $298.66 on Wednesday. The stock has a market cap of $65.44 billion, a PE ratio of 60.46, a PEG ratio of 2.47 and a beta of 0.72. The business has a fifty day moving average of $281.37 and a two-hundred day moving average of $260.29. Arthur J. Gallagher & Co. has a 52-week low of $218.63 and a 52-week high of $300.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.02. The company had revenue of $2.73 billion during 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 company’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 earned $1.90 EPS. As a group, equities research analysts expect that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction on 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 transaction, the general counsel now directly owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 8,303 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $262.74, for a total value of $2,181,530.22. Following the completion of the transaction, the general counsel now directly owns 36,388 shares in the company, valued at $9,560,583.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Walter D. Bay sold 6,335 shares of the firm’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 transaction, the general counsel now owns 30,053 shares of the company’s stock, valued at $8,536,855.18. The disclosure for this sale can be found here. Insiders have sold a total of 48,348 shares of company stock worth $13,342,910 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AJG shares. UBS Group boosted their target price on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group boosted their target price on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Argus boosted their target price on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Bank of America boosted their target price on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a research report on Wednesday, May 22nd. Finally, BMO Capital Markets boosted 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 report on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $276.82.

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.