Prana Capital Management LP Has $5.03 Million Stake in Arthur J Gallagher & Co (AJG)

Prana Capital Management LP lifted its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 179.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,261 shares of the financial services provider’s stock after buying an additional 43,804 shares during the period. Prana Capital Management LP’s holdings in Arthur J Gallagher & Co were worth $5,031,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clarus Wealth Advisors acquired a new position in shares of Arthur J Gallagher & Co during the fourth quarter worth approximately $228,000. Sawgrass Asset Management LLC boosted its position in shares of Arthur J Gallagher & Co by 11.2% during the third quarter. Sawgrass Asset Management LLC now owns 6,030 shares of the financial services provider’s stock worth $449,000 after buying an additional 605 shares during the period. Toronto Dominion Bank boosted its position in shares of Arthur J Gallagher & Co by 7.3% during the third quarter. Toronto Dominion Bank now owns 125,651 shares of the financial services provider’s stock worth $9,351,000 after buying an additional 8,562 shares during the period. Standard Life Aberdeen plc boosted its position in shares of Arthur J Gallagher & Co by 8.0% during the third quarter. Standard Life Aberdeen plc now owns 73,424 shares of the financial services provider’s stock worth $5,466,000 after buying an additional 5,417 shares during the period. Finally, Bank of Hawaii boosted its position in shares of Arthur J Gallagher & Co by 10.2% during the third quarter. Bank of Hawaii now owns 8,298 shares of the financial services provider’s stock worth $618,000 after buying an additional 765 shares during the period. Institutional investors and hedge funds own 82.31% of the company’s stock.

In other news, VP Thomas Joseph Gallagher bought 4,000 shares of the business’s stock in a transaction on Wednesday, December 19th. The shares were bought at an average cost of $73.20 per share, with a total value of $292,800.00. Following the purchase, the vice president now directly owns 176,958 shares in the company, valued at $12,953,325.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frank E. Jr. English sold 1,100 shares of the company’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $77.66, for a total transaction of $85,426.00. Following the completion of the transaction, the director now directly owns 7,300 shares in the company, valued at $566,918. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,700 shares of company stock worth $3,470,046. Company insiders own 1.60% of the company’s stock.

Shares of NYSE AJG traded down $0.39 during trading on Monday, hitting $79.89. The company had a trading volume of 211,712 shares, compared to its average volume of 1,161,562. The stock has a market capitalization of $14.55 billion, a P/E ratio of 23.16, a P/E/G ratio of 2.03 and a beta of 0.91. Arthur J Gallagher & Co has a 52 week low of $64.54 and a 52 week high of $81.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Arthur J Gallagher & Co had a return on equity of 14.03% and a net margin of 9.14%. On average, research analysts forecast that Arthur J Gallagher & Co will post 3.84 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.43 per share. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, February 28th. Arthur J Gallagher & Co’s payout ratio is 49.86%.

A number of equities research analysts have weighed in on AJG shares. Wells Fargo & Co restated a “buy” rating and issued a $85.00 target price on shares of Arthur J Gallagher & Co in a research report on Tuesday, December 11th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, December 11th. Finally, Keefe, Bruyette & Woods downgraded Arthur J Gallagher & Co to a “market perform” rating in a research report on Thursday, December 13th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $80.63.

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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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