2,594 Shares in Arthur J Gallagher & Co (AJG) Acquired by Wrapmanager Inc.

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Wrapmanager Inc. bought a new stake in Arthur J Gallagher & Co (NYSE:AJG) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 2,594 shares of the financial services provider’s stock, valued at approximately $203,000.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Arthur J Gallagher & Co by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 3,682,827 shares of the financial services provider’s stock worth $274,149,000 after purchasing an additional 115,903 shares during the period. Legal & General Group Plc grew its holdings in shares of Arthur J Gallagher & Co by 2.2% during the third quarter. Legal & General Group Plc now owns 967,469 shares of the financial services provider’s stock valued at $72,015,000 after buying an additional 20,686 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Arthur J Gallagher & Co by 1.3% during the third quarter. Vanguard Group Inc now owns 19,570,551 shares of the financial services provider’s stock valued at $1,456,832,000 after buying an additional 259,584 shares during the last quarter. Altfest L J & Co. Inc. purchased a new stake in shares of Arthur J Gallagher & Co during the fourth quarter valued at approximately $214,000. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in shares of Arthur J Gallagher & Co by 2.6% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 123,319 shares of the financial services provider’s stock valued at $9,089,000 after buying an additional 3,105 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J Gallagher & Co stock traded up $1.20 during midday trading on Thursday, reaching $83.91. 14,726 shares of the company traded hands, compared to its average volume of 1,079,195. The company has a market cap of $15.18 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 2.23 and a beta of 0.92. Arthur J Gallagher & Co has a 12 month low of $64.54 and a 12 month high of $84.14. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.74.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.96 billion. Arthur J Gallagher & Co had a net margin of 9.79% and a return on equity of 14.33%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 earnings per share. Sell-side analysts expect that Arthur J Gallagher & Co will post 3.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.72 dividend on an annualized basis and a yield of 2.05%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 49.86%.

In other Arthur J Gallagher & Co news, CAO Richard C. Cary sold 6,134 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $83.48, for a total value of $512,066.32. Following the transaction, the chief accounting officer now directly owns 35,193 shares in the company, valued at $2,937,911.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott R. Hudson sold 10,200 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $78.99, for a total transaction of $805,698.00. Following the completion of the transaction, the vice president now owns 31,612 shares in the company, valued at $2,497,031.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,534 shares of company stock worth $3,963,150. 1.30% of the stock is owned by insiders.

A number of equities research analysts have recently commented on the stock. Barclays increased their price target on shares of Arthur J Gallagher & Co from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, April 1st. SunTrust Banks increased their price target on shares of Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a report on Friday, April 26th. Morgan Stanley increased their price target on shares of Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. Wells Fargo & Co reiterated a “buy” rating and set a $85.00 price target on shares of Arthur J Gallagher & Co in a report on Thursday, January 31st. Finally, Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $84.22.

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Arthur J Gallagher & Co Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J Gallagher & Co (NYSE:AJG).

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

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