Arthur J. Gallagher & Co. $AJG Position Raised by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 32.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,725 shares of the financial services provider’s stock after acquiring an additional 2,151 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Arthur J. Gallagher & Co. were worth $1,890,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $26,000. Axiom Investment Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter worth approximately $28,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter worth approximately $29,000. MV Capital Management Inc. bought a new position in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. increased its position in Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.6%

Arthur J. Gallagher & Co. stock opened at $248.03 on Tuesday. The firm has a market cap of $63.72 billion, a price-to-earnings ratio of 41.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.50. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $313.55. The firm’s 50 day moving average price is $232.53 and its two-hundred day moving average price is $224.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 EPS. On average, research analysts predict that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 46.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Arthur J. Gallagher & Co. from $299.00 to $296.00 and set an “overweight” rating for the company in a research report on Monday. Wolfe Research lowered shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Cantor Fitzgerald increased their price objective on shares of Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods boosted their target price on Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Mizuho increased their price target on Arthur J. Gallagher & Co. from $287.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $285.59.

Insiders Place Their Bets

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

Arthur J. Gallagher & Co. Company 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.