Arthur J Gallagher & Co (AJG) Shares Sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX lowered its position in Arthur J Gallagher & Co (NYSE:AJG) by 3.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 39,665 shares of the financial services provider’s stock after selling 1,522 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Arthur J Gallagher & Co were worth $2,243,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Yorktown Management & Research Co Inc acquired a new position in Arthur J Gallagher & Co during the third quarter worth about $209,000. GW Henssler & Associates Ltd. boosted its position in Arthur J Gallagher & Co by 4.7% in the third quarter. GW Henssler & Associates Ltd. now owns 108,258 shares of the financial services provider’s stock worth $5,507,000 after buying an additional 4,835 shares during the last quarter. Savant Capital LLC boosted its position in Arthur J Gallagher & Co by 0.4% in the third quarter. Savant Capital LLC now owns 6,786 shares of the financial services provider’s stock worth $345,000 after buying an additional 30 shares during the last quarter. World Asset Management Inc boosted its position in Arthur J Gallagher & Co by 3.0% in the third quarter. World Asset Management Inc now owns 17,775 shares of the financial services provider’s stock worth $904,000 after buying an additional 514 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in Arthur J Gallagher & Co during the third quarter worth about $366,000. Hedge funds and other institutional investors own 83.11% of the company’s stock.

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

Shares of Arthur J Gallagher & Co (NYSE:AJG) opened at 56.25 on Friday. The company has a 50-day moving average price of $56.43 and a 200-day moving average price of $53.01. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 24.25 and a beta of 1.14. Arthur J Gallagher & Co has a 52-week low of $43.90 and a 52-week high of $57.82.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/arthur-j-gallagher-co-ajg-shares-sold-by-exxonmobil-investment-management-inc-tx/1289386.html

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 26th. The financial services provider reported $0.66 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. Arthur J Gallagher & Co had a return on equity of 13.31% and a net margin of 7.41%. The firm earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that Arthur J Gallagher & Co will post $3.05 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Arthur J Gallagher & Co (AJG) Shares Sold by Exxonmobil Investment Management Inc. TX” was first posted by Zolmax and is the sole property of of Zolmax. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://zolmax.com/investing/arthur-j-gallagher-co-ajg-shares-sold-by-exxonmobil-investment-management-inc-tx/1289386.html.

A number of research firms have issued reports on AJG. Zacks Investment Research cut Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a report on Wednesday, March 29th. Citigroup Inc increased their price target on Arthur J Gallagher & Co from $56.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, April 7th. Finally, BMO Capital Markets increased their price target on Arthur J Gallagher & Co from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $54.88.

In related news, CFO Douglas K. Howell sold 20,033 shares of the company’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $56.95, for a total transaction of $1,140,879.35. Following the completion of the sale, the chief financial officer now owns 31,606 shares in the company, valued at $1,799,961.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kay W. Mccurdy sold 2,330 shares of the company’s stock in a transaction on Monday, January 30th. The shares were sold at an average price of $54.15, for a total value of $126,169.50. Following the sale, the director now owns 33,425 shares of the company’s stock, valued at approximately $1,809,963.75. The disclosure for this sale can be found here. Insiders sold 51,897 shares of company stock valued at $2,860,634 in the last 90 days. Company insiders own 1.70% of the company’s stock.

About Arthur J Gallagher & Co

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

5 Day Chart for NYSE:AJG

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).

Receive News & Ratings for Arthur J Gallagher & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J Gallagher & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Sundance Energy Australia Ltd  Expected to Announce Quarterly Sales of $23.03 Million
Sundance Energy Australia Ltd Expected to Announce Quarterly Sales of $23.03 Million
Analysts Expect LCNB Corp.  to Announce $0.31 Earnings Per Share
Analysts Expect LCNB Corp. to Announce $0.31 Earnings Per Share
e.l.f. Beauty Inc  Expected to Announce Quarterly Sales of $59.39 Million
e.l.f. Beauty Inc Expected to Announce Quarterly Sales of $59.39 Million
Whittier Trust Co. Has $453,000 Position in Celanese Co.
Whittier Trust Co. Has $453,000 Position in Celanese Co.
Rothschild Capital Partners LLC Has $316,000 Position in Quest Diagnostics Inc
Rothschild Capital Partners LLC Has $316,000 Position in Quest Diagnostics Inc
Axis Capital Holdings Limited  Position Held by Whittier Trust Co.
Axis Capital Holdings Limited Position Held by Whittier Trust Co.


Leave a Reply

 
© 2006-2017 Zolmax.