Tdam USA Inc. Sells 2,210 Shares of Arthur J Gallagher & Co (AJG)

Tdam USA Inc. decreased its stake in Arthur J Gallagher & Co (NYSE:AJG) by 12.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,046 shares of the financial services provider’s stock after selling 2,210 shares during the period. Tdam USA Inc.’s holdings in Arthur J Gallagher & Co were worth $1,175,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Destination Wealth Management raised its stake in Arthur J Gallagher & Co by 308.2% during the 4th quarter. Destination Wealth Management now owns 396 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 299 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Arthur J Gallagher & Co by 6,202.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,656,369 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 2,614,218 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Arthur J Gallagher & Co by 156.9% during the 1st quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 309 shares in the last quarter. Private Ocean LLC bought a new stake in Arthur J Gallagher & Co during the 1st quarter valued at $39,000. Finally, Lindbrook Capital LLC bought a new stake in Arthur J Gallagher & Co during the 4th quarter valued at $47,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of AJG traded up $0.59 during midday trading on Tuesday, reaching $83.88. The stock had a trading volume of 122,429 shares, compared to its average volume of 1,074,315. Arthur J Gallagher & Co has a 52 week low of $64.54 and a 52 week high of $84.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $15.44 billion, a PE ratio of 24.31, a P/E/G 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 EPS for the quarter, topping the Zacks’ 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 quarter in the previous year, the business earned $1.52 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Arthur J Gallagher & Co will post 3.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, June 6th. Arthur J Gallagher & Co’s dividend payout ratio is presently 49.86%.

AJG has been the topic of several recent analyst reports. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Wells Fargo & Co reaffirmed a “buy” rating and set a $85.00 target price on shares of Arthur J Gallagher & Co in a research note on Thursday, January 31st. Barclays lifted their target price on Arthur J Gallagher & Co from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. SunTrust Banks lifted their target price on Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Morgan Stanley lifted their target price on Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Arthur J Gallagher & Co presently has an average rating of “Buy” and a consensus target price of $84.22.

In other news, Director Frank E. Jr. English sold 800 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $83.08, for a total value of $66,464.00. Following the sale, the director now owns 6,500 shares of the company’s stock, valued at approximately $540,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas K. Howell sold 13,600 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 30,734 shares of company stock worth $2,462,300 in the last three months. Company insiders own 1.30% of the company’s stock.

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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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