Gunderson Capital Management Inc. Raises Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Gunderson Capital Management Inc. boosted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 11.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,969 shares of the financial services provider’s stock after acquiring an additional 3,700 shares during the period. Arthur J. Gallagher & Co. accounts for approximately 4.4% of Gunderson Capital Management Inc.’s holdings, making the stock its 8th biggest holding. Gunderson Capital Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $10,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AJG. Miracle Mile Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 0.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 38 shares during the period. Signaturefd LLC boosted its holdings in Arthur J. Gallagher & Co. by 1.0% during the 2nd quarter. Signaturefd LLC now owns 3,825 shares of the financial services provider’s stock valued at $992,000 after acquiring an additional 39 shares during the period. Trueblood Wealth Management LLC increased its stake in Arthur J. Gallagher & Co. by 0.4% in the 2nd quarter. Trueblood Wealth Management LLC now owns 9,290 shares of the financial services provider’s stock worth $2,409,000 after buying an additional 40 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 4.7% during the first quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 44 shares in the last quarter. Finally, Trust Co. of Toledo NA OH grew its position in shares of Arthur J. Gallagher & Co. by 0.3% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 13,735 shares of the financial services provider’s stock worth $3,865,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the subject of a number of analyst reports. The Goldman Sachs Group increased their target price on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Barclays began coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 price objective for the company. BMO Capital Markets lifted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. TD Cowen raised their price target on shares of 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, Bank Of America (Bofa) increased their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $283.36.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the transaction, the president now owns 329,099 shares of the company’s stock, valued at approximately $93,121,853.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Thomas Joseph Gallagher sold 15,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares of the company’s stock, valued at $93,121,853.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Walter D. Bay sold 6,335 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total value of $1,799,520.10. Following the completion of the sale, the general counsel now directly owns 30,053 shares in the company, valued at approximately $8,536,855.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,145 shares of company stock worth $12,622,660. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.3 %

Shares of AJG stock traded up $0.85 on Wednesday, reaching $294.01. 220,730 shares of the company’s stock traded hands, compared to its average volume of 839,833. The company has a market capitalization of $64.24 billion, a P/E ratio of 59.34, a price-to-earnings-growth ratio of 2.37 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $301.04. The business’s 50 day moving average price is $287.82 and its two-hundred day moving average price is $265.59.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 earnings per share. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 10.14 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.60 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.82%. Arthur J. Gallagher & Co.’s dividend payout ratio is 48.58%.

Arthur J. Gallagher & Co. Company Profile

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.