Ossiam bought a new position in Arthur J Gallagher & Co (NYSE:AJG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,159 shares of the financial services provider’s stock, valued at approximately $627,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Zions Bancorporation N.A. bought a new stake in Arthur J Gallagher & Co in the first quarter valued at $25,000. Commonwealth Bank of Australia lifted its holdings in shares of Arthur J Gallagher & Co by 35.6% during the second quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 126 shares during the period. Private Ocean LLC bought a new position in shares of Arthur J Gallagher & Co during the first quarter valued at $39,000. Quadrant Capital Group LLC boosted its stake in shares of Arthur J Gallagher & Co by 156.9% in the 1st quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 309 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in shares of Arthur J Gallagher & Co by 675.7% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 574 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 500 shares in the last quarter. 82.49% of the stock is owned by institutional investors and hedge funds.

In other Arthur J Gallagher & Co news, Director Kay W. Mccurdy sold 2,250 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $90.84, for a total transaction of $204,390.00. Following the sale, the director now owns 30,232 shares of the company’s stock, valued at approximately $2,746,274.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Arthur J Gallagher & Co stock traded down $0.29 on Wednesday, reaching $87.79. The company’s stock had a trading volume of 25,486 shares, compared to its average volume of 796,669. The business’s fifty day moving average price is $89.95 and its 200 day moving average price is $85.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $16.23 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 2.56 and a beta of 0.82. Arthur J Gallagher & Co has a twelve month low of $68.19 and a twelve month high of $92.74.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Arthur J Gallagher & Co had a return on equity of 14.19% and a net margin of 9.77%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company posted $0.62 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts forecast that Arthur J Gallagher & Co will post 3.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, September 5th. This represents a $1.72 annualized dividend and a yield of 1.96%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 49.86%.

A number of equities research analysts recently issued reports on the stock. Barclays set a $107.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a research report on Monday, August 12th. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target on the stock in a research report on Tuesday, July 23rd. Wells Fargo & Co boosted their price target on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. Royal Bank of Canada set a $90.00 price objective on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $93.00 price objective (up previously from $88.00) on shares of Arthur J Gallagher & Co in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $90.00.

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.

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

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