Bbva Compass Bancshares Inc. Lowers Stake in Arthur J Gallagher & Co (AJG)

Bbva Compass Bancshares Inc. cut its stake in Arthur J Gallagher & Co (NYSE:AJG) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,810 shares of the financial services provider’s stock after selling 75 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Arthur J Gallagher & Co were worth $442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AJG. Flinton Capital Management LLC increased its position in shares of Arthur J Gallagher & Co by 4.7% in the first quarter. Flinton Capital Management LLC now owns 8,708 shares of the financial services provider’s stock valued at $492,000 after buying an additional 392 shares during the last quarter. American Century Companies Inc. boosted its position in Arthur J Gallagher & Co by 9.3% in the first quarter. American Century Companies Inc. now owns 32,105 shares of the financial services provider’s stock valued at $1,815,000 after buying an additional 2,742 shares during the period. First Trust Advisors LP boosted its position in Arthur J Gallagher & Co by 10.4% in the first quarter. First Trust Advisors LP now owns 652,095 shares of the financial services provider’s stock valued at $36,869,000 after buying an additional 61,576 shares during the period. Elkhorn Investments LLC bought a new position in Arthur J Gallagher & Co during the first quarter valued at $1,249,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Arthur J Gallagher & Co by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 527,249 shares of the financial services provider’s stock valued at $29,811,000 after buying an additional 2,014 shares during the period. 83.11% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Arthur J Gallagher & Co (NYSE:AJG) traded up 0.52% during trading on Friday, reaching $55.67. 564,283 shares of the company were exchanged. The stock’s 50-day moving average is $55.82 and its 200-day moving average is $53.86. Arthur J Gallagher & Co has a 52-week low of $43.90 and a 52-week high of $57.82. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 23.54 and a beta of 1.14.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Arthur J Gallagher & Co had a net margin of 7.41% and a return on equity of 13.31%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Equities research analysts predict that Arthur J Gallagher & Co will post $3.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $1.56 annualized dividend and a yield of 2.82%. Arthur J Gallagher & Co’s payout ratio is currently 65.52%.

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Several research firms recently weighed in on AJG. Raymond James Financial, Inc. restated a “market perform” rating on shares of Arthur J Gallagher & Co in a research report on Tuesday, May 2nd. Citigroup Inc cut shares of Arthur J Gallagher & Co from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Royal Bank of Canada reiterated a “hold” rating on shares of Arthur J Gallagher & Co in a research report on Friday, April 28th. Finally, BMO Capital Markets upped their target price on shares of Arthur J Gallagher & Co from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $55.14.

In other news, CFO Douglas K. Howell sold 20,033 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $56.95, for a total value of $1,140,879.35. Following the completion of the sale, the chief financial officer now directly owns 31,606 shares of the company’s stock, valued at approximately $1,799,961.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.70% 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.

5 Day Chart for NYSE:AJG

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