Insight Capital Research & Management Inc. Takes Position in Arthur J Gallagher & Co (AJG)

Insight Capital Research & Management Inc. bought a new position in shares of Arthur J Gallagher & Co (NYSE:AJG) during the first quarter, Holdings Channel reports. The firm bought 26,601 shares of the financial services provider’s stock, valued at approximately $1,504,000.

Other large investors also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in shares of Arthur J Gallagher & Co by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 4,608 shares of the financial services provider’s stock worth $239,000 after buying an additional 14 shares during the last quarter. CLS Investments LLC raised its stake in Arthur J Gallagher & Co by 1.1% in the fourth quarter. CLS Investments LLC now owns 5,471 shares of the financial services provider’s stock valued at $284,000 after buying an additional 62 shares during the last quarter. Charter Trust Co. raised its stake in Arthur J Gallagher & Co by 1.0% in the first quarter. Charter Trust Co. now owns 9,313 shares of the financial services provider’s stock valued at $527,000 after buying an additional 88 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Arthur J Gallagher & Co by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,200 shares of the financial services provider’s stock valued at $530,000 after buying an additional 89 shares during the last quarter. Finally, EP Wealth Advisors Inc. raised its stake in Arthur J Gallagher & Co by 1.1% in the third quarter. EP Wealth Advisors Inc. now owns 11,201 shares of the financial services provider’s stock valued at $570,000 after buying an additional 120 shares during the last quarter. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Arthur J Gallagher & Co (NYSE:AJG) traded up 0.69% on Friday, reaching $55.76. 1,256,858 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $55.82 and a 200-day moving average price of $53.86. The company has a market cap of $10.01 billion, a PE ratio of 23.58 and a beta of 1.14. Arthur J Gallagher & Co has a 12-month low of $43.90 and a 12-month high of $57.82.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Arthur J Gallagher & Co had a net margin of 7.41% and a return on equity of 13.31%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business earned $0.34 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts anticipate that Arthur J Gallagher & Co will post $3.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, May 31st. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 65.52%.

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Several equities research analysts recently commented on the stock. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Arthur J Gallagher & Co in a research note on Tuesday, May 2nd. Citigroup Inc lowered shares of Arthur J Gallagher & Co from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 2nd. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating on shares of Arthur J Gallagher & Co in a research note on Friday, April 28th. Wells Fargo & Co reissued a “buy” rating on shares of Arthur J Gallagher & Co in a research note on Thursday, April 27th. Finally, Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Monday, April 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Arthur J Gallagher & Co presently has an average rating of “Hold” and a consensus target price of $55.14.

In related news, CFO Douglas K. Howell sold 20,033 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $56.95, for a total value of $1,140,879.35. Following the completion of the sale, the chief financial officer now directly owns 31,606 shares in the company, valued at approximately $1,799,961.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Arthur J Gallagher & Co Company Profile

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.

5 Day Chart for NYSE:AJG

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