Haverford Trust Co. Acquires New Holdings in Arthur J Gallagher & Co (NYSE:AJG)

Haverford Trust Co. acquired a new stake in shares of Arthur J Gallagher & Co (NYSE:AJG) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 2,450 shares of the financial services provider’s stock, valued at approximately $219,000.

Other large investors have also recently modified their holdings of the company. HM Payson & Co. purchased a new position in Arthur J Gallagher & Co during the second quarter valued at approximately $36,000. Commonwealth Bank of Australia grew its stake in Arthur J Gallagher & Co by 35.6% during the second quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 126 shares in the last quarter. CSat Investment Advisory L.P. grew its stake in Arthur J Gallagher & Co by 106.5% during the second quarter. CSat Investment Advisory L.P. now owns 537 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 277 shares in the last quarter. Bridger Capital Management LLC purchased a new position in Arthur J Gallagher & Co during the third quarter valued at approximately $52,000. Finally, Quest Capital Management Inc. ADV purchased a new position in Arthur J Gallagher & Co during the third quarter valued at approximately $57,000. 81.46% of the stock is owned by institutional investors.

AJG stock traded up $0.10 during midday trading on Friday, reaching $91.15. The company had a trading volume of 558,982 shares, compared to its average volume of 983,349. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05. Arthur J Gallagher & Co has a 1 year low of $68.19 and a 1 year high of $92.74. The company has a market capitalization of $16.78 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.52 and a beta of 0.80. The firm has a 50-day moving average price of $89.29 and a 200-day moving average price of $88.02.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. Arthur J Gallagher & Co had a net margin of 9.69% and a return on equity of 14.38%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $0.77 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Arthur J Gallagher & Co will post 3.63 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.72 dividend on an annualized basis and a yield of 1.89%. Arthur J Gallagher & Co’s dividend payout ratio is presently 49.86%.

In other Arthur J Gallagher & Co news, Director Kay W. Mccurdy sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $90.84, for a total value of $204,390.00. Following the completion of the transaction, the director now owns 30,232 shares of the company’s stock, valued at approximately $2,746,274.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan E. Pietrucha sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $90.33, for a total transaction of $1,625,940.00. Following the completion of the transaction, the insider now directly owns 4,967 shares of the company’s stock, valued at approximately $448,669.11. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Several equities analysts recently commented on AJG shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $93.00 price objective (up previously from $88.00) on shares of Arthur J Gallagher & Co in a research note on Wednesday, August 7th. Barclays set a $107.00 price objective on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a research note on Monday, August 12th. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a research note on Tuesday, July 23rd. ValuEngine cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada set a $91.00 price objective on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Arthur J Gallagher & Co has a consensus rating of “Hold” and an average target price of $95.86.

Arthur J Gallagher & Co Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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

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