DMKC Advisory Services LLC Buys New Holdings in Arthur J. Gallagher & Co. $AJG

DMKC Advisory Services LLC acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,307 shares of the financial services provider’s stock, valued at approximately $3,235,000. Arthur J. Gallagher & Co. accounts for approximately 1.7% of DMKC Advisory Services LLC’s holdings, making the stock its 21st largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of AJG. HWG Holdings LP bought a new position in Arthur J. Gallagher & Co. during the first quarter worth $25,000. AlphaQuest LLC bought a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at about $33,000. Saudi Central Bank bought a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at about $34,000. Centennial Bank AR bought a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at about $38,000. Finally, Golden State Wealth Management LLC grew its position in shares of Arthur J. Gallagher & Co. by 2,750.0% in the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the transaction, the vice president directly owned 85,920 shares in the company, valued at approximately $25,569,792. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas K. Howell sold 8,000 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $299.54, for a total value of $2,396,320.00. Following the completion of the transaction, the chief financial officer owned 100,777 shares of the company’s stock, valued at $30,186,742.58. This represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,855 shares of company stock worth $8,916,928. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on AJG. The Goldman Sachs Group initiated coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, September 3rd. They issued a “buy” rating and a $344.00 price target for the company. Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the stock a “market perform” rating in a research report on Friday, September 19th. Wall Street Zen upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Erste Group Bank restated a “hold” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 23rd. Finally, Cantor Fitzgerald upgraded Arthur J. Gallagher & Co. to a “strong-buy” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $330.93.

Arthur J. Gallagher & Co. Trading Down 1.3%

Shares of Arthur J. Gallagher & Co. stock opened at $305.83 on Thursday. The firm’s 50-day moving average price is $297.71 and its two-hundred day moving average price is $317.02. Arthur J. Gallagher & Co. has a 12-month low of $275.56 and a 12-month high of $351.23. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $78.42 billion, a price-to-earnings ratio of 43.44 and a beta of 0.73.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 31st. The financial services provider reported $2.33 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.03). The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.20 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.29 EPS. On average, analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 36.93%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.