RFG Bristol Wealth Advisors LLC Sells 266 Shares of Arthur J. Gallagher & Co. $AJG

RFG Bristol Wealth Advisors LLC trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,311 shares of the financial services provider’s stock after selling 266 shares during the quarter. RFG Bristol Wealth Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fairfield Financial Advisors LTD boosted its position in shares of Arthur J. Gallagher & Co. by 21.4% during the 2nd quarter. Fairfield Financial Advisors LTD now owns 9,961 shares of the financial services provider’s stock worth $3,189,000 after purchasing an additional 1,758 shares in the last quarter. Petra Financial Advisors Inc. bought a new position in Arthur J. Gallagher & Co. in the second quarter worth approximately $812,000. IFM Investors Pty Ltd boosted its holdings in Arthur J. Gallagher & Co. by 5.7% in the first quarter. IFM Investors Pty Ltd now owns 43,953 shares of the financial services provider’s stock worth $15,174,000 after acquiring an additional 2,362 shares in the last quarter. Sigma Investment Counselors Inc. boosted its holdings in Arthur J. Gallagher & Co. by 3.8% in the second quarter. Sigma Investment Counselors Inc. now owns 32,980 shares of the financial services provider’s stock worth $10,557,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Arthur J. Gallagher & Co. by 87.7% in the second quarter. Chicago Partners Investment Group LLC now owns 20,846 shares of the financial services provider’s stock worth $6,479,000 after acquiring an additional 9,739 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AJG. Wall Street Zen cut Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group raised their price objective on shares of Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Cantor Fitzgerald raised shares of Arthur J. Gallagher & Co. to a “strong-buy” rating in a research note on Wednesday, August 13th. Evercore ISI dropped their price objective on shares of Arthur J. Gallagher & Co. from $370.00 to $353.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.73.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 12,855 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the transaction, the vice president owned 85,920 shares in the company, valued at $25,569,792. The trade was a 13.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael Robert Pesch purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $247.12 per share, for a total transaction of $988,480.00. Following the completion of the acquisition, the vice president directly owned 41,849 shares of the company’s stock, valued at $10,341,724.88. This trade represents a 10.57% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 29,855 shares of company stock worth $8,916,928 in the last 90 days. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $251.51 on Wednesday. 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 stock’s fifty day simple moving average is $292.63 and its two-hundred day simple moving average is $308.74. Arthur J. Gallagher & Co. has a 1-year low of $239.47 and a 1-year high of $351.23. The stock has a market cap of $64.49 billion, a PE ratio of 35.73 and a beta of 0.73.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the previous year, the business earned $2.26 earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 5th. Arthur J. Gallagher & Co.’s payout ratio is presently 38.86%.

About Arthur J. Gallagher & Co.

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.