Chicago Capital LLC Has $3.76 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

Chicago Capital LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 6.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,737 shares of the financial services provider’s stock after purchasing an additional 734 shares during the period. Chicago Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $3,757,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Checchi Capital Advisers LLC lifted its position in shares of Arthur J. Gallagher & Co. by 1.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider’s stock worth $1,001,000 after purchasing an additional 31 shares during the period. Menard Financial Group LLC lifted its position in shares of Arthur J. Gallagher & Co. by 0.8% in the 1st quarter. Menard Financial Group LLC now owns 3,812 shares of the financial services provider’s stock worth $1,289,000 after purchasing an additional 32 shares during the period. Allen Capital Group LLC lifted its position in shares of Arthur J. Gallagher & Co. by 2.1% in the 1st quarter. Allen Capital Group LLC now owns 1,603 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 33 shares during the period. City Holding Co. lifted its position in shares of Arthur J. Gallagher & Co. by 3.1% in the 1st quarter. City Holding Co. now owns 1,140 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 34 shares during the period. Finally, CVA Family Office LLC lifted its position in shares of Arthur J. Gallagher & Co. by 34.3% in the 1st quarter. CVA Family Office LLC now owns 133 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $305.40 on Tuesday. The firm has a 50-day moving average of $297.87 and a 200-day moving average of $317.15. The company has a market cap of $78.30 billion, a P/E ratio of 43.38 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.36. Arthur J. Gallagher & Co. has a one year low of $275.56 and a one year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 31st. The financial services provider reported $2.33 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company earned $2.29 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, September 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 36.93%.

Wall Street Analyst Weigh In

AJG has been the topic of a number of research reports. Erste Group Bank reiterated a “hold” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 23rd. Cantor Fitzgerald upgraded shares of Arthur J. Gallagher & Co. to a “strong-buy” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Wells Fargo & Company dropped their target price on shares of Arthur J. Gallagher & Co. from $369.00 to $365.00 and set an “overweight” rating on the stock in a research report on Friday, September 19th. Finally, Barclays dropped their target price on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $330.93.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the completion of the sale, the chief financial officer owned 100,777 shares in the company, valued at approximately $30,186,742.58. This trade represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott R. Hudson sold 12,855 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the sale, the vice president owned 85,920 shares of the company’s stock, valued at $25,569,792. This trade represents a 13.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,855 shares of company stock valued at $8,916,928 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.