Arthur J Gallagher & Co (NYSE:AJG) Shares Sold by Verity & Verity LLC

Verity & Verity LLC decreased its stake in Arthur J Gallagher & Co (NYSE:AJG) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,690 shares of the financial services provider’s stock after selling 1,379 shares during the quarter. Verity & Verity LLC’s holdings in Arthur J Gallagher & Co were worth $5,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AJG. Zions Bancorporation N.A. acquired a new stake in shares of Arthur J Gallagher & Co in the first quarter valued at about $25,000. Quadrant Capital Group LLC grew its position in shares of Arthur J Gallagher & Co by 156.9% in the first quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 309 shares during the period. Private Ocean LLC acquired a new stake in shares of Arthur J Gallagher & Co in the first quarter valued at about $39,000. Mark Sheptoff Financial Planning LLC grew its position in shares of Arthur J Gallagher & Co by 675.7% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 574 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 500 shares during the period. Finally, Thor Advisors LLC acquired a new stake in shares of Arthur J Gallagher & Co in the first quarter valued at about $67,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

AJG traded up $0.38 on Friday, reaching $92.23. 665,536 shares of the company’s stock were exchanged, compared to its average volume of 1,091,152. The firm has a market capitalization of $17.11 billion, a PE ratio of 26.73, a PEG ratio of 2.64 and a beta of 0.84. Arthur J Gallagher & Co has a twelve month low of $68.19 and a twelve month high of $92.63. The business has a fifty day moving average price of $89.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.74.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.76 billion. Arthur J Gallagher & Co had a net margin of 9.84% and a return on equity of 14.33%. Arthur J Gallagher & Co’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. Analysts expect that Arthur J Gallagher & Co will post 3.63 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, September 5th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

In other Arthur J Gallagher & Co news, Director William L. Bax sold 1,200 shares of Arthur J Gallagher & Co stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $85.11, for a total transaction of $102,132.00. Following the transaction, the director now directly owns 40,570 shares of the company’s stock, valued at $3,452,912.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank E. Jr. English sold 800 shares of Arthur J Gallagher & Co stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $83.08, for a total transaction of $66,464.00. Following the transaction, the director now directly owns 6,500 shares in the company, valued at $540,020. The disclosure for this sale can be found here. Insiders have sold 10,124 shares of company stock worth $848,399 over the last ninety days. 1.30% of the stock is owned by insiders.

AJG has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Co boosted their price target on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Morgan Stanley boosted their price target on shares of Thomson Reuters from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. SunTrust Banks boosted their price target on shares of Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Barclays restated a “buy” rating and set a $65.00 price target on shares of Owens Corning in a research report on Monday, July 1st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $85.88.

Arthur J Gallagher & Co Company 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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