Arthur J. Gallagher & Co. (AJG) Position Raised by Jackson Wealth Management LLC

Jackson Wealth Management LLC boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,772 shares of the financial services provider’s stock after purchasing an additional 1,516 shares during the period. Jackson Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Arthur J. Gallagher & Co. by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock worth $1,039,067,000 after acquiring an additional 571,235 shares in the last quarter. BlackRock Inc. grew its holdings in Arthur J. Gallagher & Co. by 1.3% during the 2nd quarter. BlackRock Inc. now owns 14,173,361 shares of the financial services provider’s stock worth $811,425,000 after acquiring an additional 187,329 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Arthur J. Gallagher & Co. by 8.0% during the 3rd quarter. Victory Capital Management Inc. now owns 3,885,066 shares of the financial services provider’s stock worth $239,126,000 after acquiring an additional 286,471 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in Arthur J. Gallagher & Co. by 7.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,758,657 shares of the financial services provider’s stock worth $157,933,000 after acquiring an additional 201,141 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in Arthur J. Gallagher & Co. by 785.9% during the 2nd quarter. Citadel Advisors LLC now owns 2,362,782 shares of the financial services provider’s stock worth $135,269,000 after acquiring an additional 2,096,062 shares in the last quarter. 81.09% of the stock is owned by institutional investors and hedge funds.

In other news, Director Frank E. Jr. English sold 1,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $63.67, for a total value of $95,505.00. Following the completion of the transaction, the director now directly owns 10,600 shares of the company’s stock, valued at approximately $674,902. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan E. Pietrucha sold 3,601 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $57.78, for a total transaction of $208,065.78. Following the completion of the transaction, the insider now directly owns 4,055 shares of the company’s stock, valued at $234,297.90. The disclosure for this sale can be found here. Insiders sold a total of 15,068 shares of company stock valued at $901,391 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. (NYSE:AJG) opened at $65.39 on Friday. Arthur J. Gallagher & Co. has a fifty-two week low of $48.97 and a fifty-two week high of $67.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $11,822.45, a PE ratio of 22.55, a PEG ratio of 2.20 and a beta of 1.22.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the business posted $0.77 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. analysts anticipate that Arthur J. Gallagher & Co. will post 2.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.40%.

Several brokerages have weighed in on AJG. Credit Suisse Group raised their price objective on shares of Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Wells Fargo & Company reissued a “buy” rating and set a $66.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Sunday, September 17th. Deutsche Bank AG lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a report on Wednesday, October 4th. Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $59.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $64.38.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://transcriptdaily.com/2017/11/26/arthur-j-gallagher-co-ajg-position-raised-by-jackson-wealth-management-llc.html.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJG).

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

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply