Sigma Planning Corp Has $328,000 Stock Holdings in Arthur J Gallagher & Co (NYSE:AJG)

Sigma Planning Corp raised its holdings in Arthur J Gallagher & Co (NYSE:AJG) by 16.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,748 shares of the financial services provider’s stock after acquiring an additional 518 shares during the quarter. Sigma Planning Corp’s holdings in Arthur J Gallagher & Co were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AJG. Dimensional Fund Advisors LP increased its holdings in Arthur J Gallagher & Co by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 823,808 shares of the financial services provider’s stock valued at $60,709,000 after buying an additional 28,397 shares during the period. Geode Capital Management LLC increased 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 buying an additional 358,129 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Arthur J Gallagher & Co in the 1st quarter valued at $201,000. Conning Inc. bought a new stake in Arthur J Gallagher & Co in the 1st quarter valued at $208,000. Finally, Advisor Partners LLC increased 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 buying an additional 385 shares during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Several brokerages have issued reports on AJG. Wells Fargo & Co boosted their price target on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target on the stock in a report on Tuesday, July 23rd. Royal Bank of Canada set a $90.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a report on Friday, July 26th. SunTrust Banks upped their target price on shares of Arthur J Gallagher & Co to $95.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $93.00 target price (up previously from $88.00) on shares of Arthur J Gallagher & Co in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Arthur J Gallagher & Co presently has a consensus rating of “Buy” and a consensus price target of $90.00.

AJG opened at $90.46 on Thursday. The firm’s 50-day simple moving average is $90.72 and its 200-day simple moving average is $84.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.07 and a current ratio of 1.07. Arthur J Gallagher & Co has a twelve month low of $68.19 and a twelve month high of $92.74. The firm has a market cap of $16.85 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.58 and a beta of 0.83.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, September 5th. Arthur J Gallagher & Co’s payout ratio is 49.86%.

In related news, Director William L. Bax sold 1,200 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $85.11, for a total transaction of $102,132.00. Following the transaction, the director now owns 40,570 shares in the company, valued at approximately $3,452,912.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kay W. Mccurdy sold 2,250 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $90.84, for a total transaction of $204,390.00. Following the transaction, the director now owns 30,232 shares in the company, valued at approximately $2,746,274.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,690 shares of company stock worth $681,259. 1.30% of the stock is owned by insiders.

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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