Marino Stram & Associates LLC Has $1.04 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

by · The Markets Daily

Marino Stram & Associates LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,695 shares of the financial services provider’s stock after acquiring an additional 157 shares during the period. Marino Stram & Associates LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,040,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AJG. Miracle Mile Advisors LLC boosted its stake in Arthur J. Gallagher & Co. by 0.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock valued at $1,289,000 after buying an additional 38 shares in the last quarter. Signaturefd LLC lifted its holdings in Arthur J. Gallagher & Co. by 1.0% during the 2nd quarter. Signaturefd LLC now owns 3,825 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 39 shares during the last quarter. Ritholtz Wealth Management grew its stake in Arthur J. Gallagher & Co. by 0.4% during the third quarter. Ritholtz Wealth Management now owns 8,786 shares of the financial services provider’s stock worth $2,472,000 after buying an additional 39 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 0.4% in the second quarter. Trueblood Wealth Management LLC now owns 9,290 shares of the financial services provider’s stock valued at $2,409,000 after acquiring an additional 40 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 4.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AJG. The Goldman Sachs Group lifted their price objective on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on shares of Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. BMO Capital Markets raised their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Barclays began coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price target on the stock. Finally, TD Cowen boosted their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus target price of $287.00.

Check Out Our Latest Report on AJG

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $282.96, for a total value of $4,244,400.00. Following the sale, the president now owns 329,099 shares of the company’s stock, valued at $93,121,853.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, President Thomas Joseph Gallagher sold 15,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the completion of the transaction, the president now owns 329,099 shares in the company, valued at approximately $93,121,853.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the transaction, the general counsel now owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,145 shares of company stock valued at $12,622,660. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Trading Down 0.4 %

Shares of AJG stock traded down $1.29 on Monday, hitting $287.96. The stock had a trading volume of 129,443 shares, compared to its average volume of 844,075. The firm has a market cap of $62.92 billion, a P/E ratio of 58.55, a PEG ratio of 2.53 and a beta of 0.72. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $301.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. The company has a fifty day moving average price of $288.84 and a two-hundred day moving average price of $267.97.

Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the firm posted $1.90 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 14.3% compared to the same quarter last year. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 10.11 earnings per share 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 20th. Investors of record on Friday, September 6th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.83%. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Arthur J. Gallagher & Co. Profile

(Free Report)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.

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