Arthur J. Gallagher & Co. $AJG Stock Holdings Lifted by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 22.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,296 shares of the financial services provider’s stock after acquiring an additional 5,569 shares during the quarter. Yousif Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $7,457,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in Arthur J. Gallagher & Co. by 4.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 811 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 38 shares during the last quarter. Archford Capital Strategies LLC raised its position in Arthur J. Gallagher & Co. by 2.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,871 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 43 shares during the last quarter. Aaron Wealth Advisors LLC boosted its stake in Arthur J. Gallagher & Co. by 3.2% in the first quarter. Aaron Wealth Advisors LLC now owns 1,716 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 54 shares in the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 57.4% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 54 shares during the last quarter. Finally, Cahaba Wealth Management Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 5.5% during the first quarter. Cahaba Wealth Management Inc. now owns 1,132 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 59 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, General Counsel Walter Bay sold 12,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $270.08, for a total transaction of $3,240,960.00. Following the completion of the sale, the general counsel directly owned 71,292 shares of the company’s stock, valued at approximately $19,254,543.36. The trade was a 14.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Scott Hudson sold 12,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the transaction, the vice president owned 90,262 shares in the company, valued at approximately $23,840,902.06. The trade was a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,500 shares of company stock valued at $7,562,950 in the last three months. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AJG shares. Evercore raised their target price on Arthur J. Gallagher & Co. from $295.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Barclays increased their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, October 9th. BMO Capital Markets lowered their price objective on shares of Arthur J. Gallagher & Co. from $278.00 to $255.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. Finally, Cantor Fitzgerald dropped their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $280.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $280.74.

Arthur J. Gallagher & Co. Stock Down 1.0%

Shares of AJG opened at $268.28 on Friday. The business’s fifty day moving average price is $247.30 and its two-hundred day moving average price is $233.76. The firm has a market capitalization of $68.76 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 1.53 and a beta of 0.55. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $284.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company posted $2.33 earnings per share. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. On average, analysts predict that Arthur J. Gallagher & Co. will post 13.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 46.43%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.