Arthur J. Gallagher & Co. $AJG Stock Bought by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC grew its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 495.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 186,275 shares of the financial services provider’s stock after buying an additional 154,990 shares during the period. Arthur J. Gallagher & Co. comprises approximately 5.7% of EagleClaw Capital Managment LLC’s holdings, making the stock its biggest position. EagleClaw Capital Managment LLC’s holdings in Arthur J. Gallagher & Co. were worth $42,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Gtcr LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at about $514,112,000. Bank of New York Mellon Corp acquired a new position in Arthur J. Gallagher & Co. during the second quarter worth about $289,484,000. Tidal Investments LLC boosted its position in Arthur J. Gallagher & Co. by 303.7% during the second quarter. Tidal Investments LLC now owns 638,601 shares of the financial services provider’s stock worth $146,604,000 after acquiring an additional 480,413 shares during the last quarter. Bank of America Corp DE grew its stake in Arthur J. Gallagher & Co. by 23.0% during the 1st quarter. Bank of America Corp DE now owns 1,854,488 shares of the financial services provider’s stock valued at $401,645,000 after acquiring an additional 346,409 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Arthur J. Gallagher & Co. by 46.7% during the 1st quarter. California Public Employees Retirement System now owns 789,499 shares of the financial services provider’s stock valued at $170,990,000 after acquiring an additional 251,340 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AJG shares. Royal Bank Of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, October 30th. BMO Capital Markets cut Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating and set a $295.00 target price on the stock. in a report on Tuesday, November 3rd. Wells Fargo & Company upped their price target on Arthur J. Gallagher & Co. from $284.00 to $312.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. Evercore increased their price target on Arthur J. Gallagher & Co. from $295.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, October 8th. Finally, Oppenheimer initiated coverage on Arthur J. Gallagher & Co. in a research report on Wednesday, October 7th. They set a “market perform” rating on the stock. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $292.32.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $282.60 on Friday. The firm has a market cap of $72.46 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 1.59 and a beta of 0.47. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.49. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $294.53. The business’s fifty day simple moving average is $251.69 and its 200-day simple moving average is $233.96.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.01. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.98 billion. Arthur J. Gallagher & Co. had a return on equity of 13.90% and a net margin of 10.39%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the company earned $2.32 EPS. Equities analysts forecast that Arthur J. Gallagher & Co. will post 13.13 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, December 18th. Shareholders of record on Monday, December 7th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, December 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 42.81%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP William Ziebell sold 23,510 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $286.62, for a total transaction of $6,738,436.20. Following the completion of the sale, the vice president directly owned 48,942 shares in the company, valued at $14,027,756.04. This trade represents a 32.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott Hudson sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the completion of the sale, the vice president directly owned 90,262 shares in the company, valued at $23,840,902.06. This trade represents a 11.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,616 shares of company stock valued at $29,193,156 over the last quarter. 1.40% of the stock is owned by insiders.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm. It helps businesses and other organizations assess and manage risk, arrange insurance coverage, and address employee benefits needs. The company’s services include insurance brokerage, risk management consulting, employee benefits consulting, and claims and settlement services through its Gallagher Bassett business. It serves clients in the United States and internationally, including through a network of correspondent brokers.