Diversified Trust Co held its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,490 shares of the financial services provider’s stock at the end of the second quarter. Diversified Trust Co’s holdings in Arthur J. Gallagher & Co. were worth $257,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in AJG. Gulf International Bank UK Ltd raised its position in shares of Arthur J. Gallagher & Co. by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 55,090 shares of the financial services provider’s stock valued at $3,114,000 after buying an additional 900 shares during the period. Charter Trust Co. raised its position in shares of Arthur J. Gallagher & Co. by 1.0% in the first quarter. Charter Trust Co. now owns 9,313 shares of the financial services provider’s stock valued at $527,000 after buying an additional 88 shares during the period. Raymond James Trust N.A. raised its position in shares of Arthur J. Gallagher & Co. by 7.8% in the first quarter. Raymond James Trust N.A. now owns 12,344 shares of the financial services provider’s stock valued at $698,000 after buying an additional 895 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $268,000. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Arthur J. Gallagher & Co. by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 154,560 shares of the financial services provider’s stock valued at $8,739,000 after buying an additional 5,285 shares during the period. Institutional investors and hedge funds own 82.66% of the company’s stock.
Shares of Arthur J. Gallagher & Co. (AJG) traded down 0.93% during midday trading on Monday, reaching $58.86. The company had a trading volume of 263,714 shares. The stock has a 50-day moving average of $57.83 and a 200 day moving average of $56.22. Arthur J. Gallagher & Co. has a 52 week low of $47.16 and a 52 week high of $59.64. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 23.73 and a beta of 1.19.
Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts anticipate that Arthur J. Gallagher & Co. will post $3.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 annualized dividend and a yield of 2.63%. Arthur J. Gallagher & Co.’s payout ratio is currently 62.90%.
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Several brokerages have recently commented on AJG. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 14th. BidaskClub lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Royal Bank Of Canada reiterated a “hold” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, April 28th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.67.
In other Arthur J. Gallagher & Co. news, Director Frank E. Jr. English sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $58.49, for a total transaction of $58,490.00. Following the sale, the director now directly owns 12,100 shares of the company’s stock, valued at $707,729. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Douglas K. Howell sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $58.85, for a total value of $1,177,000.00. Following the sale, the chief financial officer now directly owns 47,800 shares in the company, valued at $2,813,030. The disclosure for this sale can be found here. Insiders have sold 32,897 shares of company stock worth $1,906,551 over the last three months. 1.60% of the stock is currently owned by insiders.
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.
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