Premier Path Wealth Partners LLC Decreases Stock Holdings in Arthur J. Gallagher & Co. $AJG

Premier Path Wealth Partners LLC trimmed its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 21.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 781 shares of the financial services provider’s stock after selling 217 shares during the period. Premier Path Wealth Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $250,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp lifted its position in shares of Arthur J. Gallagher & Co. by 209.1% during the second quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock valued at $32,000 after buying an additional 69 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $33,000. Saudi Central Bank purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $34,000. Centennial Bank AR purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $38,000. Finally, Motco lifted its position in shares of Arthur J. Gallagher & Co. by 700.0% during the first quarter. Motco now owns 112 shares of the financial services provider’s stock valued at $39,000 after buying an additional 98 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on AJG shares. UBS Group increased their price target on shares of Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Cantor Fitzgerald upgraded shares of Arthur J. Gallagher & Co. to a “strong-buy” rating in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Saturday. Barclays cut their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Finally, Citigroup assumed coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, August 13th. They set a “neutral” rating and a $317.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.40.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were 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 of the company’s stock, valued at $30,186,742.58. This trade represents a 7.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Scott R. Hudson sold 12,855 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the sale, the vice president directly owned 85,920 shares in the company, valued at $25,569,792. The trade was a 13.01% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 29,855 shares of company stock worth $8,916,928. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $249.83 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $242.75 and a twelve month high of $351.23. The company’s 50 day moving average is $294.70 and its 200 day moving average is $310.23. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. The company has a market cap of $64.06 billion, a PE ratio of 35.49 and a beta of 0.73.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the company posted $2.26 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, December 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is 36.93%.

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.