Teacher Retirement System of Texas lowered its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 96,360 shares of the financial services provider’s stock after selling 20 shares during the period. Teacher Retirement System of Texas’ holdings in Arthur J. Gallagher & Co. were worth $5,517,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock valued at $180,000 after buying an additional 99 shares during the period. Coconut Grove Bank boosted its stake in shares of Arthur J. Gallagher & Co. by 92.5% in the first quarter. Coconut Grove Bank now owns 3,330 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,600 shares during the period. Court Place Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $201,000. Koch Industries Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $210,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $215,000. 83.38% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. (NYSE:AJG) opened at 58.72 on Wednesday. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $59.64. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 23.68 and a beta of 1.19. The stock’s 50 day moving average price is $58.11 and its 200 day moving average price is $56.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Analysts forecast that Arthur J. Gallagher & Co. will post $3.00 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Wednesday, August 30th. Arthur J. Gallagher & Co.’s payout ratio is currently 62.90%.

ILLEGAL ACTIVITY NOTICE: “Teacher Retirement System of Texas Sells 20 Shares of Arthur J. Gallagher & Co. (AJG)” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/teacher-retirement-system-of-texas-sells-20-shares-of-arthur-j-gallagher-co-ajg/1493900.html.

Several equities research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 14th. BidaskClub lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Royal Bank Of Canada reiterated a “hold” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, April 28th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Arthur J. Gallagher & Co. in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $59.33.

In related news, VP Joel D. Cavaness sold 10,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total transaction of $587,300.00. Following the sale, the vice president now owns 96,186 shares of the company’s stock, valued at $5,649,003.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas K. Howell sold 20,000 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $58.85, for a total value of $1,177,000.00. Following the sale, the chief financial officer now directly owns 47,800 shares in the company, valued at approximately $2,813,030. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,829 shares of company stock worth $2,904,780. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

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 Analyst Ratings Network's FREE daily email newsletter.