Arthur J Gallagher & Co (AJG) Position Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec boosted its stake in Arthur J Gallagher & Co (NYSE:AJG) by 63.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,400 shares of the financial services provider’s stock after acquiring an additional 8,276 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Arthur J Gallagher & Co were worth $1,397,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AJG. Dupont Capital Management Corp raised its holdings in Arthur J Gallagher & Co by 92.3% in the second quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 758 shares in the last quarter. Braun Bostich & Associates Inc. raised its holdings in Arthur J Gallagher & Co by 528.7% in the second quarter. Braun Bostich & Associates Inc. now owns 1,773 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,491 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in Arthur J Gallagher & Co in the first quarter valued at $210,000. Wrapmanager Inc. acquired a new stake in Arthur J Gallagher & Co in the second quarter valued at $212,000. Finally, D.A. Davidson & CO. acquired a new stake in Arthur J Gallagher & Co in the second quarter valued at $216,000. 83.89% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $78.00 price target on shares of Arthur J Gallagher & Co in a report on Tuesday, July 10th. William Blair reaffirmed a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, August 16th. Goldman Sachs Group assumed coverage on shares of Arthur J Gallagher & Co in a report on Monday, June 18th. They issued a “buy” rating and a $81.00 price target on the stock. Finally, Credit Suisse Group assumed coverage on shares of Arthur J Gallagher & Co in a report on Tuesday, August 7th. They issued an “outperform” rating and a $84.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $75.64.

AJG stock opened at $74.89 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.11 and a quick ratio of 1.11. Arthur J Gallagher & Co has a 1-year low of $59.75 and a 1-year high of $75.19. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 2.06 and a beta of 1.15.

Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Arthur J Gallagher & Co had a net margin of 9.34% and a return on equity of 15.93%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts predict that Arthur J Gallagher & Co will post 3.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.64 annualized dividend and a yield of 2.19%. Arthur J Gallagher & Co’s payout ratio is 53.59%.

In other Arthur J Gallagher & Co news, VP William F. Ziebell sold 12,500 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $74.78, for a total transaction of $934,750.00. Following the completion of the sale, the vice president now owns 16,792 shares in the company, valued at $1,255,705.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Richard C. Cary sold 12,667 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $71.95, for a total transaction of $911,390.65. Following the sale, the chief accounting officer now owns 34,793 shares of the company’s stock, valued at approximately $2,503,356.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,767 shares of company stock valued at $2,893,876. 1.60% of the stock is owned by insiders.

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.

Featured Article: Stock Symbols Definition, Examples, Lookup

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J Gallagher & Co (NYSE:AJG).

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

Receive News & Ratings for Arthur J Gallagher & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J Gallagher & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply