Shell Asset Management Co. Has $1.68 Million Stake in Arthur J Gallagher & Co (AJG)

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Shell Asset Management Co. lifted its position in Arthur J Gallagher & Co (NYSE:AJG) by 2.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 21,566 shares of the financial services provider’s stock after acquiring an additional 462 shares during the period. Shell Asset Management Co.’s holdings in Arthur J Gallagher & Co were worth $1,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Destination Wealth Management lifted its stake in shares of Arthur J Gallagher & Co by 308.2% in the fourth quarter. Destination Wealth Management now owns 396 shares of the financial services provider’s stock worth $29,000 after buying an additional 299 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Arthur J Gallagher & Co by 6,202.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,656,369 shares of the financial services provider’s stock worth $36,000 after buying an additional 2,614,218 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Arthur J Gallagher & Co by 156.9% in the first quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock worth $38,000 after buying an additional 309 shares in the last quarter. Private Ocean LLC bought a new position in shares of Arthur J Gallagher & Co in the first quarter worth approximately $39,000. Finally, Lindbrook Capital LLC bought a new position in shares of Arthur J Gallagher & Co in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

In other Arthur J Gallagher & Co news, VP Scott R. Hudson sold 10,200 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $78.99, for a total transaction of $805,698.00. Following the completion of the sale, the vice president now directly owns 31,612 shares of the company’s stock, valued at $2,497,031.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frank E. Jr. English sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $83.08, for a total transaction of $66,464.00. Following the sale, the director now directly owns 6,500 shares of the company’s stock, valued at $540,020. The disclosure for this sale can be found here. Insiders have sold 30,734 shares of company stock valued at $2,462,300 over the last three months. 1.30% of the stock is owned by corporate insiders.

Several brokerages have recently issued reports on AJG. Barclays upped their target price on shares of Arthur J Gallagher & Co from $93.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Morgan Stanley boosted their price objective on shares of Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. SunTrust Banks boosted their price objective on shares of Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $93.00 price objective on shares of Arthur J Gallagher & Co in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $84.67.

AJG opened at $84.28 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.12 and a quick ratio of 1.12. Arthur J Gallagher & Co has a twelve month low of $64.54 and a twelve month high of $84.81. The company has a market cap of $15.61 billion, a PE ratio of 24.43, a P/E/G ratio of 2.29 and a beta of 0.92.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Arthur J Gallagher & Co had a net margin of 9.79% and a return on equity of 14.33%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $1.52 earnings per share. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts predict that Arthur J Gallagher & Co will post 3.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.72 annualized dividend and a dividend yield of 2.04%. Arthur J Gallagher & Co’s payout ratio is 49.86%.

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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.

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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)

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