US Bancorp DE Decreases Holdings in Arthur J Gallagher & Co (NYSE:AJG)

US Bancorp DE trimmed its stake in shares of Arthur J Gallagher & Co (NYSE:AJG) by 11.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,455 shares of the financial services provider’s stock after selling 44,639 shares during the period. US Bancorp DE owned 0.18% of Arthur J Gallagher & Co worth $28,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Arthur J Gallagher & Co by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 823,808 shares of the financial services provider’s stock worth $60,709,000 after buying an additional 28,397 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Arthur J Gallagher & Co by 16.3% in the fourth quarter. Geode Capital Management LLC now owns 2,549,309 shares of the financial services provider’s stock worth $187,573,000 after buying an additional 358,129 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Arthur J Gallagher & Co by 10.0% in the first quarter. Janney Montgomery Scott LLC now owns 9,820 shares of the financial services provider’s stock worth $767,000 after buying an additional 896 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Arthur J Gallagher & Co by 5.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 16,297 shares of the financial services provider’s stock worth $1,273,000 after buying an additional 884 shares in the last quarter. Finally, Cetera Advisor Networks LLC lifted its stake in shares of Arthur J Gallagher & Co by 12.9% in the first quarter. Cetera Advisor Networks LLC now owns 4,072 shares of the financial services provider’s stock worth $318,000 after buying an additional 465 shares in the last quarter. 82.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of AJG traded down $0.83 during trading on Friday, reaching $86.98. 1,052,777 shares of the company traded hands, compared to its average volume of 833,237. Arthur J Gallagher & Co has a twelve month low of $68.19 and a twelve month high of $92.74. The stock has a market cap of $16.34 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.51 and a beta of 0.82. The stock has a 50-day simple moving average of $89.77 and a 200-day simple moving average of $85.24. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.77.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts predict that Arthur J Gallagher & Co will post 3.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 5th. Arthur J Gallagher & Co’s dividend payout ratio is presently 49.86%.

In other Arthur J Gallagher & Co news, Director Kay W. Mccurdy sold 2,250 shares of Arthur J Gallagher & Co stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $90.84, for a total transaction of $204,390.00. Following the completion of the sale, the director now directly owns 30,232 shares in the company, valued at $2,746,274.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

AJG has been the subject of several recent analyst reports. Royal Bank of Canada set a $90.00 price objective on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a research report on Friday, July 26th. Barclays set a $107.00 price objective on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a research report on Monday, August 12th. Credit Suisse Group restated an “outperform” rating and set a $93.00 price objective (up from $88.00) on shares of Arthur J Gallagher & Co in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a research report on Tuesday, July 23rd. Finally, Wells Fargo & Co raised their price objective on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $90.00.

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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