Arthur J. Gallagher & Co. $AJG Shares Sold by Delta Global Management LP

Delta Global Management LP lessened its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 74.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,680 shares of the financial services provider’s stock after selling 4,940 shares during the quarter. Delta Global Management LP’s holdings in Arthur J. Gallagher & Co. were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $26,000. Rakuten Securities Inc. raised its position in shares of Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. MV Capital Management Inc. purchased a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth approximately $34,000. Cassaday & Co Wealth Management LLC acquired a new position in Arthur J. Gallagher & Co. in the first quarter valued at approximately $29,000. Finally, Prosperity Bancshares Inc acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $42,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

AJG stock opened at $247.57 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $63.60 billion, a P/E ratio of 40.06, a PEG ratio of 1.28 and a beta of 0.50. The business has a 50 day simple moving average of $226.33 and a 200-day simple moving average of $224.95. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $315.48.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same period in the previous year, the company posted $3.67 EPS. The company’s quarterly revenue was up 29.0% on a year-over-year basis. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 13.22 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were paid a $0.70 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

Analyst Upgrades and Downgrades

AJG has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Mizuho upped their target price on shares of Arthur J. Gallagher & Co. from $261.00 to $287.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $299.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Wolfe Research cut shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Finally, Barclays upped their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Moderate Buy” and an average price target of $280.35.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total value of $618,000.00. Following the completion of the sale, the chief accounting officer directly owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.