Arthur J Gallagher & Co (NYSE:AJG) Shares Sold by Lenox Wealth Management Inc.

Lenox Wealth Management Inc. trimmed its position in shares of Arthur J Gallagher & Co (NYSE:AJG) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,922 shares of the financial services provider’s stock after selling 188 shares during the period. Lenox Wealth Management Inc.’s holdings in Arthur J Gallagher & Co were worth $799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new stake in Arthur J Gallagher & Co during the 2nd quarter valued at $36,000. Commonwealth Bank of Australia grew its holdings in Arthur J Gallagher & Co by 35.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 126 shares in the last quarter. CSat Investment Advisory L.P. grew its holdings in Arthur J Gallagher & Co by 106.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 537 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 277 shares in the last quarter. Bridger Capital Management LLC acquired a new stake in Arthur J Gallagher & Co during the 3rd quarter valued at $52,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in Arthur J Gallagher & Co during the 3rd quarter valued at $57,000. 81.46% of the stock is owned by institutional investors and hedge funds.

NYSE AJG traded up $0.10 during trading hours on Friday, reaching $91.15. 558,982 shares of the company traded hands, compared to its average volume of 983,349. Arthur J Gallagher & Co has a 12 month low of $68.19 and a 12 month high of $92.74. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $16.78 billion, a PE ratio of 26.42, a PEG ratio of 2.52 and a beta of 0.80. The company has a 50 day moving average of $89.29 and a two-hundred day moving average of $88.02.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. Arthur J Gallagher & Co had a net margin of 9.69% and a return on equity of 14.38%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm posted $0.77 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Arthur J Gallagher & Co will post 3.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.72 dividend on an annualized basis and a yield of 1.89%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 49.86%.

In other Arthur J Gallagher & Co news, insider Susan E. Pietrucha sold 18,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $90.33, for a total transaction of $1,625,940.00. Following the transaction, the insider now directly owns 4,967 shares in the company, valued at approximately $448,669.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kay W. Mccurdy sold 2,250 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $90.84, for a total transaction of $204,390.00. Following the transaction, the director now owns 30,232 shares in the company, valued at $2,746,274.88. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of equities research analysts recently weighed in on AJG shares. ValuEngine lowered shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $93.00 price target (up from $88.00) on shares of Arthur J Gallagher & Co in a report on Wednesday, August 7th. Morgan Stanley raised their price target on shares of Arthur J Gallagher & Co from $93.00 to $96.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. SunTrust Banks raised their price target on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Royal Bank of Canada set a $91.00 price target on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Arthur J Gallagher & Co has a consensus rating of “Hold” and a consensus price target of $95.86.

Arthur J Gallagher & Co Company 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: Death Cross

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

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