Todays Report: The 1,540 Shares of Arthur J. Gallagher & Co. (AJG) are sold by Oxbow Advisors LLC

The 1,540 Shares of Arthur J. Gallagher & Co. (AJG) are sold by Oxbow Advisors LLC

Oxbow Advisors LLC decreased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 7.0% during the second quarter, Holdings Channel reports. The institutional investor owned 20,602 shares of the company’s stock after selling 1,540 shares during the period. Oxbow Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $981,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Creative Planning raised its position in shares of Arthur J. Gallagher & Co. by 3.9% in the second quarter. Creative Planning now owns 2,280 shares of the company’s stock worth $109,000 after buying an additional 85 shares in the last quarter. Washington Trust Bank raised its position in shares of Arthur J. Gallagher & Co. by 33.1% in the second quarter. Washington Trust Bank now owns 3,501 shares of the company’s stock worth $167,000 after buying an additional 870 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Arthur J. Gallagher & Co. by 7.4% in the second quarter. State of Alaska Department of Revenue now owns 3,512 shares of the company’s stock worth $167,000 after buying an additional 243 shares in the last quarter. Wright Investors Service Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth $238,000. Finally, GWM Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth $258,000. Hedge funds and other institutional investors own 81.45% of the company’s stock.

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.48% on Friday, reaching $48.33. 875,874 shares of the company traded hands. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 22.52 and a beta of 1.17. The stock has a 50 day moving average of $49.93 and a 200-day moving average of $48.33. Arthur J. Gallagher & Co. has a 1-year low of $35.96 and a 1-year high of $51.24.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. The company earned $1.48 billion during the quarter, compared to analyst estimates of $388.20 million. Arthur J. Gallagher & Co. had a net margin of 6.88% and a return on equity of 12.93%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post $2.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Wednesday, November 30th. Arthur J. Gallagher & Co.’s payout ratio is presently 71.03%.

A number of equities analysts recently weighed in on AJG shares. Citigroup Inc. upped their target price on shares of Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Wells Fargo & Co. restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, September 27th. Credit Suisse Group AG restated a “buy” rating and set a $47.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Monday, September 12th. Compass Point increased their price objective on shares of Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $58.00 price objective (up previously from $52.00) on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $51.69.

In other news, Director Kay W. Mccurdy sold 6,000 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $49.19, for a total transaction of $295,140.00. Following the completion of the sale, the director now owns 37,095 shares of the company’s stock, valued at $1,824,703.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David S. Johnson sold 3,125 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $49.69, for a total transaction of $155,281.25. Following the sale, the director now directly owns 49,003 shares of the company’s stock, valued at approximately $2,434,959.07. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

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