US Bancorp DE Purchases 145 Shares of Arthur J. Gallagher & Co. $AJG

US Bancorp DE raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 82,573 shares of the financial services provider’s stock after acquiring an additional 145 shares during the quarter. US Bancorp DE’s holdings in Arthur J. Gallagher & Co. were worth $26,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 739,130 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 4,815,007 shares during the period. Wellington Management Group LLP grew its holdings in 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 purchasing an additional 137,354 shares during the period. Northern Trust Corp grew its holdings in 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 purchasing an additional 9,458 shares during the period. Finally, WCM Investment Management LLC grew its holdings in 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 purchasing an additional 7,594 shares during the period. 85.53% of the stock is owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the sale, the chief financial officer owned 100,777 shares in the company, valued at $30,186,742.58. This trade represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott R. Hudson sold 12,855 shares of the firm’s stock in a transaction dated 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 sale, the vice president owned 85,920 shares in the company, valued at $25,569,792. The trade was a 13.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,855 shares of company stock worth $8,916,928 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.2%

Shares of AJG stock opened at $301.75 on Friday. 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. has a 52-week low of $275.56 and a 52-week high of $351.23. The company has a market capitalization of $77.37 billion, a PE ratio of 42.86 and a beta of 0.73. The business’s fifty day moving average is $299.11 and its 200 day moving average is $315.78.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the business posted $2.29 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.65 per share. The ex-dividend date was Friday, September 5th. This represents a $2.60 dividend on an annualized basis and a yield of 0.9%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 36.93%.

Analyst Ratings Changes

A number of equities analysts have recently commented on AJG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday. Keefe, Bruyette & Woods raised their price target on Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the stock a “market perform” rating in a report on Friday, September 19th. Barclays cut their price target on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. The Goldman Sachs Group started coverage on Arthur J. Gallagher & Co. in a report on Wednesday, September 3rd. They issued a “buy” rating and a $344.00 price target for the company. Finally, Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.43.

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.