Accurate Investment Solutions Inc. increased its holdings in Arthur J Gallagher & Co (NYSE:AJG) by 7.6% during the second quarter, HoldingsChannel reports. The firm owned 60,168 shares of the financial services provider’s stock after purchasing an additional 4,234 shares during the period. Arthur J Gallagher & Co makes up 2.9% of Accurate Investment Solutions Inc.’s portfolio, making the stock its 11th largest holding. Accurate Investment Solutions Inc.’s holdings in Arthur J Gallagher & Co were worth $3,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in shares of Arthur J Gallagher & Co in the 4th quarter worth approximately $109,000. Ifrah Financial Services Inc. bought a new stake in shares of Arthur J Gallagher & Co in the 1st quarter worth approximately $206,000. CIBC World Markets Inc. bought a new stake in shares of Arthur J Gallagher & Co in the 1st quarter worth approximately $210,000. Jane Street Group LLC bought a new stake in shares of Arthur J Gallagher & Co in the 4th quarter worth approximately $207,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Arthur J Gallagher & Co in the 1st quarter worth approximately $228,000. Institutional investors and hedge funds own 81.23% of the company’s stock.

In related news, CEO J Patrick Gallagher, Jr. acquired 9,090 shares of the stock in a transaction that occurred on Tuesday, June 19th. The shares were purchased at an average cost of $66.11 per share, with a total value of $600,939.90. Following the completion of the transaction, the chief executive officer now owns 51,698 shares of the company’s stock, valued at approximately $3,417,754.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan E. Pietrucha sold 15,672 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $69.23, for a total transaction of $1,084,972.56. Following the transaction, the insider now directly owns 8,639 shares in the company, valued at $598,077.97. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

AJG has been the topic of several analyst reports. Wells Fargo & Co set a $78.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Sandler O’Neill reissued a “hold” rating and issued a $71.00 target price on shares of Arthur J Gallagher & Co in a research report on Thursday, March 15th. Citigroup lifted their target price on shares of Arthur J Gallagher & Co from $69.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 27th. Zacks Investment Research downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Finally, ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Arthur J Gallagher & Co currently has a consensus rating of “Buy” and an average target price of $73.45.

Shares of Arthur J Gallagher & Co stock traded up $0.15 during trading on Wednesday, hitting $68.19. The stock had a trading volume of 783,838 shares, compared to its average volume of 1,045,345. The company has a market cap of $12.43 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.10 and a quick ratio of 1.10. Arthur J Gallagher & Co has a 1 year low of $56.20 and a 1 year high of $72.77.

Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Tuesday, May 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. Arthur J Gallagher & Co had a net margin of 10.34% and a return on equity of 18.19%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the firm posted $0.40 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. analysts expect that Arthur J Gallagher & Co will post 3.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, May 31st. Arthur J Gallagher & Co’s payout ratio is presently 53.59%.

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.

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

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