Jackson Wealth Management LLC Has $398,000 Stake in Arthur J. Gallagher & Co. $AJG

Jackson Wealth Management LLC trimmed its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 93.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,735 shares of the financial services provider’s stock after selling 24,724 shares during the quarter. Jackson Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AJG. Kemnay Advisory Services Inc. acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $26,000. Axiom Investment Management LLC bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at about $28,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter worth approximately $29,000. MV Capital Management Inc. bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $34,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AJG. Weiss Ratings upgraded Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Royal Bank Of Canada upped their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Wolfe Research lowered shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Barclays increased their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company cut their target price on Arthur J. Gallagher & Co. from $299.00 to $296.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and an average price target of $290.28.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $262.39 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.05. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $313.55. The firm has a market capitalization of $67.25 billion, a P/E ratio of 43.51, a PEG ratio of 1.62 and a beta of 0.50. The business has a fifty day moving average price of $250.70 and a 200-day moving average price of $226.19.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the company earned $2.33 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 13.28 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.80 annualized dividend and a yield of 1.1%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 46.43%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 12,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $270.08, for a total value of $3,240,960.00. Following the transaction, the general counsel directly owned 71,292 shares in the company, valued at $19,254,543.36. This represents a 14.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher E. Mead sold 3,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $257.02, for a total value of $899,570.00. Following the sale, the vice president owned 22,223 shares of the company’s stock, valued at approximately $5,711,755.46. This trade represents a 13.61% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.