Arthur J Gallagher & Co (AJG) is MRJ Capital Inc.’s 9th Largest Position

MRJ Capital Inc. trimmed its holdings in Arthur J Gallagher & Co (NYSE:AJG) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,241 shares of the financial services provider’s stock after selling 1,000 shares during the period. Arthur J Gallagher & Co accounts for approximately 3.0% of MRJ Capital Inc.’s holdings, making the stock its 9th largest holding. MRJ Capital Inc.’s holdings in Arthur J Gallagher & Co were worth $5,017,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AJG. Securian Asset Management Inc lifted its stake in shares of Arthur J Gallagher & Co by 0.7% in the 1st quarter. Securian Asset Management Inc now owns 18,970 shares of the financial services provider’s stock valued at $1,482,000 after purchasing an additional 137 shares in the last quarter. Park National Corp OH lifted its stake in shares of Arthur J Gallagher & Co by 4.0% in the 1st quarter. Park National Corp OH now owns 3,984 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 153 shares in the last quarter. Weatherstone Capital Management lifted its position in Arthur J Gallagher & Co by 5.5% during the 1st quarter. Weatherstone Capital Management now owns 3,049 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 159 shares in the last quarter. Goelzer Investment Management Inc. lifted its position in Arthur J Gallagher & Co by 0.3% during the 4th quarter. Goelzer Investment Management Inc. now owns 62,932 shares of the financial services provider’s stock worth $4,638,000 after acquiring an additional 160 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Arthur J Gallagher & Co by 4.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,866 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 171 shares in the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Douglas K. Howell sold 13,600 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $79.27, for a total value of $1,078,072.00. Following the completion of the sale, the chief financial officer now directly owns 47,577 shares in the company, valued at approximately $3,771,428.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott R. Hudson sold 10,200 shares of the business’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 value of $805,698.00. Following the completion of the sale, the vice president now owns 31,612 shares of the company’s stock, valued at $2,497,031.88. The disclosure for this sale can be found here. Insiders have sold a total of 30,734 shares of company stock worth $2,462,300 over the last 90 days. 1.30% of the stock is owned by company insiders.

AJG stock opened at $83.29 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.74. Arthur J Gallagher & Co has a 52-week low of $64.54 and a 52-week high of $84.14. The company has a market cap of $15.44 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders 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 yield of 2.07%. Arthur J Gallagher & Co’s dividend payout ratio is presently 49.86%.

Several equities analysts recently commented on AJG shares. Wells Fargo & Co reissued a “buy” rating and set a $85.00 price target on shares of Arthur J Gallagher & Co in a research report on Thursday, January 31st. SunTrust Banks boosted their price target on Arthur J Gallagher & Co to $95.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Morgan Stanley boosted their price target on Arthur J Gallagher & Co from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Finally, Barclays boosted their price target on Arthur J Gallagher & Co from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $84.22.

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

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