Arthur J. Gallagher & Co. $AJG Shares Acquired by REAP Financial Group LLC

REAP Financial Group LLC increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 58.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 313 shares of the financial services provider’s stock after buying an additional 116 shares during the quarter. REAP Financial Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 2.5% during the first quarter. Vanguard Group Inc. now owns 30,411,264 shares of the financial services provider’s stock valued at $10,499,185,000 after buying an additional 739,130 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Arthur J. Gallagher & Co. by 38.3% during the first quarter. JPMorgan Chase & Co. now owns 17,372,745 shares of the financial services provider’s stock valued at $5,997,767,000 after buying an additional 4,815,007 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Arthur J. Gallagher & Co. by 4.9% during the first quarter. Wellington Management Group LLP now owns 2,959,673 shares of the financial services provider’s stock valued at $1,021,798,000 after buying an additional 137,354 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Arthur J. Gallagher & Co. by 0.4% during the first quarter. Northern Trust Corp now owns 2,364,759 shares of the financial services provider’s stock valued at $816,409,000 after buying an additional 9,458 shares in the last quarter. Finally, WCM Investment Management LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 0.3% during the first quarter. WCM Investment Management LLC now owns 2,336,591 shares of the financial services provider’s stock valued at $796,217,000 after buying an additional 7,594 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the company an “overweight” rating in a report on Wednesday. Erste Group Bank restated a “hold” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the company a “market perform” rating in a research note on Friday, September 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday. 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, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $328.87.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $306.99 on Thursday. The company has a market cap of $78.71 billion, a PE ratio of 43.61 and a beta of 0.73. The stock has a 50-day moving average of $298.46 and a 200-day moving average of $316.28. Arthur J. Gallagher & Co. has a 52-week low of $275.56 and a 52-week high of $351.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.03). The company had revenue of $3.18 billion for 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 business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 EPS. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 36.93%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the sale, the chief financial officer owned 100,777 shares of the company’s stock, valued at $30,186,742.58. This trade represents a 7.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 12,855 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the sale, the vice president directly owned 85,920 shares in the company, valued at $25,569,792. This trade represents a 13.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,855 shares of company stock worth $8,916,928 in the last ninety days. Insiders own 1.60% of the company’s stock.

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.