Arthur J Gallagher & Co (AJG) Shares Bought by Standard Life Aberdeen plc

Share on StockTwits

Standard Life Aberdeen plc increased its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 18.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,007 shares of the financial services provider’s stock after buying an additional 10,624 shares during the quarter. Standard Life Aberdeen plc’s holdings in Arthur J Gallagher & Co were worth $4,439,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp raised its stake in Arthur J Gallagher & Co by 92.3% during the 2nd quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock worth $103,000 after buying an additional 758 shares during the period. CIBC World Markets Inc. acquired a new stake in Arthur J Gallagher & Co during the 1st quarter worth $210,000. Wrapmanager Inc. acquired a new stake in Arthur J Gallagher & Co during the 2nd quarter worth $212,000. D.A. Davidson & CO. acquired a new stake in Arthur J Gallagher & Co during the 2nd quarter worth $216,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Arthur J Gallagher & Co during the 1st quarter worth $228,000. 83.88% of the stock is currently owned by institutional investors and hedge funds.

AJG opened at $73.53 on Thursday. Arthur J Gallagher & Co has a 1 year low of $57.29 and a 1 year high of $73.66. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 2.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.11.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. Arthur J Gallagher & Co had a return on equity of 15.93% and a net margin of 9.34%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts expect that Arthur J Gallagher & Co will post 3.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, September 6th. Arthur J Gallagher & Co’s dividend payout ratio is 53.59%.

Several brokerages recently commented on AJG. William Blair reaffirmed a “buy” rating on shares of Arthur J Gallagher & Co in a research note on Thursday, August 16th. Credit Suisse Group began coverage on Arthur J Gallagher & Co in a research note on Tuesday, August 7th. They set an “outperform” rating and a $84.00 price objective on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $78.00 price objective on shares of Arthur J Gallagher & Co in a research note on Friday, July 27th. Royal Bank of Canada reissued a “hold” rating and issued a $73.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, July 27th. Finally, SunTrust Banks reissued a “buy” rating on shares of Arthur J Gallagher & Co in a research note on Thursday, July 26th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $75.64.

In related news, General Counsel Walter D. Bay sold 9,100 shares of Arthur J Gallagher & Co stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $71.95, for a total value of $654,745.00. Following the sale, the general counsel now owns 26,369 shares of the company’s stock, valued at $1,897,249.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank E. Jr. English sold 2,000 shares of Arthur J Gallagher & Co stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $72.07, for a total value of $144,140.00. Following the completion of the sale, the director now directly owns 8,400 shares in the company, valued at approximately $605,388. The disclosure for this sale can be found here. Insiders sold a total of 27,267 shares of company stock worth $1,959,126 in the last three months. Company insiders own 1.60% of the company’s stock.

Arthur J Gallagher & Co 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.

Further Reading: How is a Moving Average Calculated?

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