Arthur J. Gallagher & Co. (AJG) Shares Bought by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,451 shares of the financial services provider’s stock after purchasing an additional 1,936 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Arthur J. Gallagher & Co. were worth $2,087,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 3.4% during the first quarter. Vanguard Group Inc. now owns 17,578,425 shares of the financial services provider’s stock worth $993,885,000 after purchasing an additional 575,651 shares during the last quarter. BlackRock Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 3,503.7% during the first quarter. BlackRock Inc. now owns 13,986,032 shares of the financial services provider’s stock worth $790,770,000 after purchasing an additional 13,597,930 shares during the last quarter. State Street Corp lifted its position in shares of Arthur J. Gallagher & Co. by 2.5% during the first quarter. State Street Corp now owns 8,961,966 shares of the financial services provider’s stock worth $506,716,000 after purchasing an additional 220,949 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 9.9% during the second quarter. Victory Capital Management Inc. now owns 3,598,595 shares of the financial services provider’s stock worth $206,020,000 after purchasing an additional 325,405 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 6.8% during the first quarter. Epoch Investment Partners Inc. now owns 2,557,516 shares of the financial services provider’s stock worth $144,602,000 after purchasing an additional 163,058 shares during the last quarter. Institutional investors and hedge funds own 81.29% of the company’s stock.

Shares of Arthur J. Gallagher & Co. (NYSE AJG) opened at 60.40 on Tuesday. The company has a 50 day moving average price of $58.76 and a 200 day moving average price of $57.29. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $61.44. The company has a market capitalization of $10.88 billion, a P/E ratio of 24.35 and a beta of 1.20.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results 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. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business posted $0.96 EPS. Arthur J. Gallagher & Co.’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts anticipate that Arthur J. Gallagher & Co. will post $3.00 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Wednesday, August 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 62.90%.

Several research firms have recently weighed in on AJG. BidaskClub downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Citigroup Inc. lifted their target price on Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Royal Bank Of Canada reiterated a “hold” rating and set a $54.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $62.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus price target of $62.50.

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In related news, insider Susan E. Pietrucha sold 3,601 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $57.78, for a total transaction of $208,065.78. Following the completion of the transaction, the insider now directly owns 4,055 shares in the company, valued at approximately $234,297.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $59.98, for a total value of $597,820.66. Following the transaction, the chief financial officer now owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The disclosure for this sale can be found here. Insiders have sold a total of 30,500 shares of company stock valued at $1,804,115 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

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.

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

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