Arthur J. Gallagher & Co. (NYSE:AJG) Position Raised by Hanlon Investment Management Inc.

Hanlon Investment Management Inc. raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.6% in the second quarter, HoldingsChannel.com reports. The firm owned 5,060 shares of the financial services provider’s stock after buying an additional 176 shares during the period. Hanlon Investment Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors boosted its holdings in Arthur J. Gallagher & Co. by 7.0% during the first quarter. Capital International Investors now owns 11,050,941 shares of the financial services provider’s stock worth $2,763,177,000 after buying an additional 727,325 shares in the last quarter. Norges Bank acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $1,308,316,000. Capital World Investors grew its holdings in shares of Arthur J. Gallagher & Co. by 9.0% in the 1st quarter. Capital World Investors now owns 4,832,060 shares of the financial services provider’s stock worth $1,208,208,000 after acquiring an additional 398,350 shares during the last quarter. WCM Investment Management LLC raised its position in shares of Arthur J. Gallagher & Co. by 0.6% during the first quarter. WCM Investment Management LLC now owns 2,624,447 shares of the financial services provider’s stock worth $656,217,000 after purchasing an additional 14,366 shares during the period. Finally, Boston Partners lifted its holdings in shares of Arthur J. Gallagher & Co. by 2.5% during the first quarter. Boston Partners now owns 1,611,299 shares of the financial services provider’s stock valued at $402,206,000 after purchasing an additional 38,886 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AJG shares. Jefferies Financial Group lifted their target price on shares of Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. The Goldman Sachs Group raised their target price on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. BMO Capital Markets raised their price objective on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Barclays assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday. They issued an “equal weight” rating and a $300.00 price target for the company. Finally, Bank Of America (Bofa) boosted their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $276.82.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total value of $2,634,500.00. Following the sale, the vice president now owns 93,730 shares of the company’s stock, valued at $24,693,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the completion of the transaction, the president now directly owns 329,099 shares of the company’s stock, valued at $93,121,853.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott R. Hudson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the completion of the sale, the vice president now directly owns 93,730 shares in the company, valued at approximately $24,693,168.50. The disclosure for this sale can be found here. In the last three months, insiders sold 48,348 shares of company stock valued at $13,342,910. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.3 %

AJG stock opened at $294.19 on Friday. The business’s 50-day simple moving average is $279.84 and its 200 day simple moving average is $259.28. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The company has a market cap of $64.28 billion, a PE ratio of 59.56, a price-to-earnings-growth ratio of 2.46 and a beta of 0.72. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $298.24.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 EPS. On average, research analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is 48.58%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.