Arthur J. Gallagher & Co. $AJG Shares Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 40.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 974 shares of the financial services provider’s stock after purchasing an additional 280 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nelson Capital Management LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.2% in the second quarter. Nelson Capital Management LLC now owns 13,169 shares of the financial services provider’s stock valued at $4,216,000 after acquiring an additional 157 shares during the period. REAP Financial Group LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 58.9% in the second quarter. REAP Financial Group LLC now owns 313 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 116 shares during the period. BankPlus Trust Department boosted its holdings in shares of Arthur J. Gallagher & Co. by 8.3% in the second quarter. BankPlus Trust Department now owns 5,334 shares of the financial services provider’s stock valued at $1,708,000 after acquiring an additional 409 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Arthur J. Gallagher & Co. by 27.9% in the second quarter. Shell Asset Management Co. now owns 6,734 shares of the financial services provider’s stock valued at $2,156,000 after acquiring an additional 1,470 shares during the period. Finally, KLP Kapitalforvaltning AS raised its stake in shares of Arthur J. Gallagher & Co. by 5.5% during the second quarter. KLP Kapitalforvaltning AS now owns 90,410 shares of the financial services provider’s stock worth $28,942,000 after purchasing an additional 4,700 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Down 0.2%

Shares of Arthur J. Gallagher & Co. stock opened at $301.75 on Friday. The firm has a market capitalization of $77.37 billion, a PE ratio of 42.86 and a beta of 0.73. Arthur J. Gallagher & Co. has a 12-month low of $275.56 and a 12-month high of $351.23. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average is $299.11 and its 200-day moving average is $315.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.03). The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.20 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.29 earnings per share. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a $0.65 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.60 dividend on an annualized basis and a yield of 0.9%. Arthur J. Gallagher & Co.’s payout ratio is 36.93%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the transaction, the chief financial officer owned 100,777 shares in the company, valued at $30,186,742.58. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Scott R. Hudson sold 12,855 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the transaction, the vice president owned 85,920 shares in the company, valued at $25,569,792. This trade represents a 13.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,855 shares of company stock worth $8,916,928 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

AJG has been the topic of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, September 3rd. They set a “buy” rating and a $344.00 target price on the stock. Citigroup assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, August 13th. They set a “neutral” rating and a $317.00 target price on the stock. Barclays dropped their price target on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Cantor Fitzgerald raised Arthur J. Gallagher & Co. to a “strong-buy” rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and an average target price of $331.43.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.