Wagner Bowman Management Corp maintained its position in Arthur J. Gallagher & Co. (NYSE:AJG) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,700 shares of the financial services provider’s stock at the end of the second quarter. Wagner Bowman Management Corp’s holdings in Arthur J. Gallagher & Co. were worth $727,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of AJG. Pacer Advisors Inc. increased its position in 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 last quarter. Coconut Grove Bank increased its position in 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 last quarter. Court Place Advisors LLC purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at approximately $201,000. Koch Industries Inc. purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at approximately $210,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at approximately $215,000. 82.16% of the stock is currently owned by institutional investors.
Shares of Arthur J. Gallagher & Co. (NYSE AJG) traded down 0.32% on Friday, hitting $58.42. The stock had a trading volume of 546,243 shares. The company has a market capitalization of $10.53 billion, a PE ratio of 23.56 and a beta of 1.19. The firm has a 50-day moving average of $58.00 and a 200 day moving average of $56.63. Arthur J. Gallagher & Co. has a 1-year low of $47.16 and a 1-year high of $59.64.
Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly 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. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.39 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 annualized dividend and a yield of 2.67%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.90%.
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Several equities analysts have recently commented on the company. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 14th. BidaskClub downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, April 28th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Arthur J. Gallagher & Co. in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $59.33.
In related news, insider Susan E. Pietrucha sold 4,133 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $56.06, for a total value of $231,695.98. Following the completion of the transaction, the insider now directly owns 112 shares in the company, valued at $6,278.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William F. Ziebell sold 7,764 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $56.59, for a total transaction of $439,364.76. Following the completion of the transaction, the vice president now owns 8,495 shares of the company’s stock, valued at $480,732.05. The disclosure for this sale can be found here. Insiders sold 49,829 shares of company stock valued at $2,904,780 over the last quarter. 1.60% of the stock is owned by company insiders.
About Arthur J. Gallagher & Co.
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.
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