Arthur J. Gallagher & Co. (NYSE:AJG) Holdings Lifted by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,778 shares of the financial services provider’s stock after buying an additional 488 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Arthur J. Gallagher & Co. were worth $6,425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AJG. Richardson Financial Services Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $27,000. Creekmur Asset Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $27,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 89.7% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 52 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at $30,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the sale, the president now directly owns 33,267 shares in the company, valued at $9,853,685.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $282.96, for a total value of $4,244,400.00. Following the sale, the president now directly owns 329,099 shares in the company, valued at $93,121,853.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $296.20, for a total value of $2,103,020.00. Following the completion of the sale, the president now owns 33,267 shares in the company, valued at $9,853,685.40. The disclosure for this sale can be found here. Insiders have sold 37,145 shares of company stock valued at $10,629,900 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AJG has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their price target on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. Bank of America increased their price objective on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 22nd. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. TD Cowen increased their price objective on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Finally, BMO Capital Markets increased their price objective on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $277.56.

Arthur J. Gallagher & Co. Stock Down 1.6 %

AJG opened at $291.18 on Thursday. The business has a 50-day moving average of $285.14 and a 200-day moving average of $262.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $301.04. The company has a market capitalization of $63.62 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $1.90 EPS. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.16 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 48.58%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.