Securian Asset Management Inc Purchases 289 Shares of Arthur J Gallagher & Co (NYSE:AJG)

Securian Asset Management Inc grew its stake in Arthur J Gallagher & Co (NYSE:AJG) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,259 shares of the financial services provider’s stock after acquiring an additional 289 shares during the period. Securian Asset Management Inc’s holdings in Arthur J Gallagher & Co were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Arthur J Gallagher & Co by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 823,808 shares of the financial services provider’s stock worth $60,709,000 after purchasing an additional 28,397 shares during the last quarter. Geode Capital Management LLC raised its holdings in Arthur J Gallagher & Co by 16.3% in the 4th quarter. Geode Capital Management LLC now owns 2,549,309 shares of the financial services provider’s stock valued at $187,573,000 after acquiring an additional 358,129 shares during the last quarter. Conning Inc. acquired a new position in Arthur J Gallagher & Co in the 1st quarter valued at $208,000. Advisor Partners LLC raised its holdings in Arthur J Gallagher & Co by 12.0% in the 1st quarter. Advisor Partners LLC now owns 3,598 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 385 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Arthur J Gallagher & Co in the 1st quarter valued at $1,341,000. 82.46% of the stock is owned by institutional investors.

Several research analysts have weighed in on AJG shares. Barclays set a $107.00 price target on Arthur J Gallagher & Co and gave the company a “buy” rating in a report on Monday, August 12th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a report on Tuesday, July 23rd. Credit Suisse Group reiterated an “outperform” rating and issued 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 boosted their price target on Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. Finally, SunTrust Banks boosted their price target on Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $90.00.

Shares of AJG opened at $88.01 on Friday. The stock has a fifty day moving average of $90.67 and a two-hundred day moving average of $84.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $16.83 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 2.58 and a beta of 0.83. Arthur J Gallagher & Co has a fifty-two week low of $68.19 and a fifty-two week high of $92.74.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.76 billion. Arthur J Gallagher & Co had a return on equity of 14.19% and a net margin of 9.77%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. As a group, equities research analysts forecast that Arthur J Gallagher & Co will post 3.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.95%. Arthur J Gallagher & Co’s payout ratio is 49.86%.

In other news, Director William L. Bax sold 1,200 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $85.11, for a total transaction of $102,132.00. Following the completion of the sale, the director now directly owns 40,570 shares in the company, valued at approximately $3,452,912.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kay W. Mccurdy sold 2,250 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $92.00, for a total value of $207,000.00. Following the sale, the director now owns 32,482 shares of the company’s stock, valued at $2,988,344. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,700 shares of company stock valued at $513,522. Insiders own 1.30% of the company’s stock.

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.

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

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