National Asset Management Inc. Acquires 930 Shares of Arthur J Gallagher & Co (NYSE:AJG)

National Asset Management Inc. raised its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 9.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,580 shares of the financial services provider’s stock after purchasing an additional 930 shares during the period. National Asset Management Inc.’s holdings in Arthur J Gallagher & Co were worth $863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. CSat Investment Advisory L.P. raised its position in Arthur J Gallagher & Co by 17.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 646 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 94 shares during the last quarter. Wrapmanager Inc. raised its position in Arthur J Gallagher & Co by 3.1% during the 4th quarter. Wrapmanager Inc. now owns 3,128 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 95 shares during the last quarter. Utah Retirement Systems raised its position in Arthur J Gallagher & Co by 0.3% during the 4th quarter. Utah Retirement Systems now owns 35,030 shares of the financial services provider’s stock valued at $3,336,000 after purchasing an additional 100 shares during the last quarter. Advisory Services Network LLC raised its position in Arthur J Gallagher & Co by 2.6% during the 4th quarter. Advisory Services Network LLC now owns 4,003 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 103 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in Arthur J Gallagher & Co by 0.4% during the 4th quarter. Mason Street Advisors LLC now owns 26,612 shares of the financial services provider’s stock valued at $2,534,000 after purchasing an additional 103 shares during the last quarter. 80.53% of the stock is owned by institutional investors and hedge funds.

Shares of Arthur J Gallagher & Co stock traded up $0.10 during midday trading on Friday, hitting $91.10. The company had a trading volume of 900,224 shares, compared to its average volume of 1,443,966. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $17.26 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.13 and a beta of 0.69. The company has a 50 day moving average of $82.46 and a 200 day moving average of $91.82. Arthur J Gallagher & Co has a 52-week low of $65.09 and a 52-week high of $109.46.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.10. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $2.04 billion. Arthur J Gallagher & Co had a return on equity of 15.29% and a net margin of 9.63%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 EPS. Equities research analysts forecast that Arthur J Gallagher & Co will post 3.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be paid a $0.45 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.98%. Arthur J Gallagher & Co’s payout ratio is currently 49.32%.

In related news, VP Scott R. Hudson sold 15,100 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $103.11, for a total value of $1,556,961.00. Following the sale, the vice president now owns 40,082 shares in the company, valued at approximately $4,132,855.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

A number of research firms have weighed in on AJG. Royal Bank of Canada reiterated a “buy” rating and set a $98.00 target price on shares of Arthur J Gallagher & Co in a report on Sunday, May 3rd. Morgan Stanley upped their target price on Arthur J Gallagher & Co from $87.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, May 18th. Wells Fargo & Co reduced their target price on Arthur J Gallagher & Co from $112.00 to $101.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Raymond James upgraded Arthur J Gallagher & Co from a “market perform” rating to a “strong-buy” rating in a report on Monday, March 23rd. Finally, Keefe, Bruyette & Woods upgraded Arthur J Gallagher & Co from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $107.00 to $110.00 in a report on Monday, March 16th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $100.30.

About Arthur J Gallagher & Co

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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Institutional Ownership by Quarter for Arthur J Gallagher & Co (NYSE:AJG)

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