Commonwealth Equity Services LLC Raises Holdings in Arthur J Gallagher & Co (AJG)

Share on StockTwits

Commonwealth Equity Services LLC grew its position in shares of Arthur J Gallagher & Co (NYSE:AJG) by 3.7% during the 4th quarter, Holdings Channel reports. The firm owned 29,240 shares of the financial services provider’s stock after buying an additional 1,044 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Arthur J Gallagher & Co were worth $2,155,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Arthur J Gallagher & Co by 23.3% during the fourth quarter. BlackRock Inc. now owns 19,674,828 shares of the financial services provider’s stock worth $1,450,035,000 after buying an additional 3,713,920 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 worth $1,456,832,000 after buying an additional 259,584 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Arthur J Gallagher & Co by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 3,682,827 shares of the financial services provider’s stock worth $274,149,000 after buying an additional 115,903 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Arthur J Gallagher & Co by 6,202.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,656,369 shares of the financial services provider’s stock worth $36,000 after buying an additional 2,614,218 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Arthur J Gallagher & Co by 3.5% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,376,750 shares of the financial services provider’s stock worth $101,466,000 after buying an additional 46,580 shares during the last quarter. 82.31% of the stock is currently owned by institutional investors.

In related news, VP Thomas Joseph Gallagher purchased 4,000 shares of Arthur J Gallagher & Co stock in a transaction dated Wednesday, December 19th. The stock was bought at an average cost of $73.20 per share, for a total transaction of $292,800.00. Following the transaction, the vice president now owns 176,958 shares in the company, valued at $12,953,325.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Walter D. Bay sold 13,800 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $80.00, for a total transaction of $1,104,000.00. Following the sale, the general counsel now owns 26,084 shares of the company’s stock, valued at $2,086,720. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,900 shares of company stock valued at $1,586,276. Insiders own 1.60% of the company’s stock.

Shares of NYSE:AJG opened at $79.06 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $14.55 billion, a P/E ratio of 22.92, a PEG ratio of 2.03 and a beta of 0.91. Arthur J Gallagher & Co has a 52 week low of $64.54 and a 52 week high of $81.09.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 31st. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. Arthur J Gallagher & Co had a net margin of 9.14% and a return on equity of 14.03%. On average, sell-side analysts anticipate that Arthur J Gallagher & Co will post 3.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 2.18%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

A number of equities research analysts recently commented on the stock. Wells Fargo & Co restated a “buy” rating and issued a $85.00 price objective on shares of Arthur J Gallagher & Co in a research report on Tuesday, December 11th. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Tuesday, December 11th. Morgan Stanley raised their price objective on shares of Arthur J Gallagher & Co from $71.00 to $77.00 and gave the company a “hold” rating in a research report on Wednesday, November 14th. Finally, Keefe, Bruyette & Woods downgraded shares of Arthur J Gallagher & Co to a “market perform” rating in a research report on Thursday, December 13th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Arthur J Gallagher & Co currently has an average rating of “Buy” and an average target price of $79.56.

COPYRIGHT VIOLATION NOTICE: “Commonwealth Equity Services LLC Raises Holdings in Arthur J Gallagher & Co (AJG)” was originally published by Zolmax and is the sole property of of Zolmax. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://zolmax.com/investing/commonwealth-equity-services-llc-raises-holdings-in-arthur-j-gallagher-co-ajg/2961577.html.

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.

Further Reading: Call Option

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)

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

Alpha Pro Tech, Ltd.  Director John Ritota Sells 20,000 Shares
Alpha Pro Tech, Ltd. Director John Ritota Sells 20,000 Shares
PJT Partners  Upgraded by Zacks Investment Research to Hold
PJT Partners Upgraded by Zacks Investment Research to Hold
Apollo Global Management LLC  Expected to Announce Quarterly Sales of $660.64 Million
Apollo Global Management LLC Expected to Announce Quarterly Sales of $660.64 Million
Redfin Corp  Insider Adam Wiener Sells 5,000 Shares
Redfin Corp Insider Adam Wiener Sells 5,000 Shares
Jeffrey C. Crippen Purchases 5,700 Shares of Air Transport Services Group Inc.  Stock
Jeffrey C. Crippen Purchases 5,700 Shares of Air Transport Services Group Inc. Stock
Monster Beverage  Cut to Neutral at Goldman Sachs Group
Monster Beverage Cut to Neutral at Goldman Sachs Group


 
© 2006-2019 Zolmax.