Arthur J. Gallagher & Co. $AJG Shares Sold by Roundview Capital LLC

Roundview Capital LLC lowered its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,396 shares of the financial services provider’s stock after selling 43 shares during the quarter. Roundview Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $767,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC lifted its holdings in Arthur J. Gallagher & Co. by 22.5% in the 1st quarter. CWA Asset Management Group LLC now owns 1,125 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 207 shares in the last quarter. Two Sigma Investments LP purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at $382,000. IFM Investors Pty Ltd lifted its holdings in Arthur J. Gallagher & Co. by 5.7% in the 1st quarter. IFM Investors Pty Ltd now owns 43,953 shares of the financial services provider’s stock valued at $15,174,000 after purchasing an additional 2,362 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at $58,041,000. Finally, Golden State Wealth Management LLC lifted its holdings in Arthur J. Gallagher & Co. by 2,750.0% in the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.1%

Shares of NYSE:AJG opened at $309.43 on Wednesday. The business has a 50-day moving average price of $298.03 and a 200 day moving average price of $316.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $79.34 billion, a price-to-earnings ratio of 43.95 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.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 13.17% and a net margin of 14.54%.The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 earnings per share. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS 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 given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, September 5th. Arthur J. Gallagher & Co.’s payout ratio is currently 36.93%.

Insider Activity

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,000 shares of Arthur J. Gallagher & Co. 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 completion of the transaction, the chief financial officer directly owned 100,777 shares of the company’s stock, valued at $30,186,742.58. The trade was a 7.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 12,855 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the sale, the vice president owned 85,920 shares in the company, valued at approximately $25,569,792. This trade represents a 13.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,855 shares of company stock valued at $8,916,928. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on AJG shares. UBS Group raised their price objective on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the stock a “market perform” rating in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a research note on Saturday, September 27th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average target price of $328.80.

Arthur J. Gallagher & Co. Profile

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.