Forum Financial Management LP Acquires 188 Shares of Arthur J. Gallagher & Co. $AJG

Forum Financial Management LP lifted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,363 shares of the financial services provider’s stock after acquiring an additional 188 shares during the quarter. Forum Financial Management LP’s holdings in Arthur J. Gallagher & Co. were worth $756,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted its stake in Arthur J. Gallagher & Co. by 209.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 69 shares during the period. AlphaQuest LLC bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at $33,000. Saudi Central Bank bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at $34,000. Centennial Bank AR bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at $38,000. Finally, Golden State Wealth Management LLC boosted its stake 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 during the period. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 12,855 shares of the company’s stock in a transaction dated 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 $25,569,792. This represents a 13.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas K. Howell sold 8,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $299.54, for a total value of $2,396,320.00. Following the sale, the chief financial officer owned 100,777 shares in the company, valued at approximately $30,186,742.58. The trade was a 7.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,855 shares of company stock worth $8,916,928 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.2%

NYSE AJG opened at $282.49 on Friday. The business’s 50-day moving average price is $298.65 and its two-hundred day moving average price is $312.72. Arthur J. Gallagher & Co. has a 12 month low of $275.56 and a 12 month high of $351.23. The firm has a market capitalization of $72.43 billion, a PE ratio of 40.13 and a beta of 0.73. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.33 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm posted $2.29 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, September 5th. Arthur J. Gallagher & Co.’s payout ratio is 36.93%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AJG. The Goldman Sachs Group began coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, September 3rd. They issued a “buy” rating and a $344.00 price target for the company. Barclays cut their target price on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Wall Street Zen upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, October 8th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $331.43.

Arthur J. Gallagher & Co. Company 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.