Occidental Asset Management LLC decreased its stake in Arthur J Gallagher & Co (NYSE:AJG) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,297 shares of the financial services provider’s stock after selling 120 shares during the period. Occidental Asset Management LLC’s holdings in Arthur J Gallagher & Co were worth $464,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in Arthur J Gallagher & Co during the second quarter worth about $141,000. Sigma Planning Corp grew its holdings in Arthur J Gallagher & Co by 16.0% during the second quarter. Sigma Planning Corp now owns 3,748 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 518 shares during the period. Barbara Oil Co. grew its holdings in Arthur J Gallagher & Co by 10.0% during the second quarter. Barbara Oil Co. now owns 16,500 shares of the financial services provider’s stock worth $1,445,000 after purchasing an additional 1,500 shares during the period. Amica Retiree Medical Trust grew its holdings in Arthur J Gallagher & Co by 199.3% during the second quarter. Amica Retiree Medical Trust now owns 2,933 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 1,953 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in Arthur J Gallagher & Co by 41.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 62,027 shares of the financial services provider’s stock worth $5,396,000 after purchasing an additional 18,112 shares during the period. Institutional investors own 80.88% of the company’s stock.

AJG stock traded up $0.50 during mid-day trading on Thursday, hitting $88.42. 19,193 shares of the company were exchanged, compared to its average volume of 1,149,539. The business has a 50 day simple moving average of $90.40. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.77. The firm has a market cap of $16.51 billion, a PE ratio of 25.54, a PEG ratio of 2.53 and a beta of 0.83. Arthur J Gallagher & Co has a 1-year low of $68.19 and a 1-year high of $92.74.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.76 billion. Arthur J Gallagher & Co had a net margin of 9.77% and a return on equity of 14.19%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. Sell-side analysts predict that Arthur J Gallagher & Co will post 3.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, September 5th. This represents a $1.72 annualized dividend and a yield of 1.95%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

AJG has been the subject of a number of research analyst reports. Wells Fargo & Co lifted their price target on Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Barclays set a $107.00 price target on Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada set a $90.00 price target on Arthur J Gallagher & Co and gave the stock a “hold” rating in a report on Friday, July 26th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a report on Tuesday, July 23rd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $93.00 price target (up previously from $88.00) on shares of Arthur J Gallagher & Co in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Arthur J Gallagher & Co presently has an average rating of “Buy” and a consensus target price of $90.00.

In other Arthur J Gallagher & Co news, Director William L. Bax sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $85.11, for a total transaction of $102,132.00. Following the completion of the sale, the director now directly owns 40,570 shares in the company, valued at $3,452,912.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan E. Pietrucha sold 1,990 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $84.29, for a total transaction of $167,737.10. The disclosure for this sale can be found here. Insiders have sold 5,440 shares of company stock valued at $476,869 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Arthur J Gallagher & Co Company 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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