TD Asset Management Inc. Trims Stock Holdings in Arthur J Gallagher & Co (NYSE:AJG)

TD Asset Management Inc. decreased its stake in Arthur J Gallagher & Co (NYSE:AJG) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 332,902 shares of the financial services provider’s stock after selling 41,393 shares during the quarter. TD Asset Management Inc.’s holdings in Arthur J Gallagher & Co were worth $29,159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AJG. Zions Bancorporation N.A. purchased a new stake in Arthur J Gallagher & Co in the first quarter worth about $25,000. Quadrant Capital Group LLC increased its position in Arthur J Gallagher & Co by 156.9% in the first quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock worth $38,000 after buying an additional 309 shares in the last quarter. Private Ocean LLC purchased a new stake in Arthur J Gallagher & Co in the first quarter worth about $39,000. Mark Sheptoff Financial Planning LLC increased its position in Arthur J Gallagher & Co by 675.7% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 574 shares of the financial services provider’s stock worth $45,000 after buying an additional 500 shares in the last quarter. Finally, Thor Advisors LLC purchased a new stake in Arthur J Gallagher & Co in the first quarter worth about $67,000. Institutional investors and hedge funds own 80.88% of the company’s stock.

In related news, insider Susan E. Pietrucha sold 1,990 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $84.29, for a total transaction of $167,737.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kay W. Mccurdy sold 2,250 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $92.00, for a total value of $207,000.00. Following the transaction, the director now directly owns 32,482 shares of the company’s stock, valued at $2,988,344. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,440 shares of company stock valued at $476,869. Corporate insiders own 1.30% of the company’s stock.



A number of analysts have commented on the company. Credit Suisse Group restated an “outperform” rating and issued a $93.00 price target (up previously from $88.00) on shares of Arthur J Gallagher & Co in a research report on Wednesday, August 7th. Wells Fargo & Co upped their price target on 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. Barclays set a $107.00 price target on Arthur J Gallagher & Co and gave the stock a “buy” rating in a research report on Monday. SunTrust Banks upped their price objective on Arthur J Gallagher & Co to $95.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada set a $90.00 price objective on Arthur J Gallagher & Co and gave the stock a “hold” rating in a research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $90.00.

Shares of NYSE AJG traded up $0.51 during mid-day trading on Friday, reaching $89.01. The company’s stock had a trading volume of 11,214 shares, compared to its average volume of 1,108,526. The firm has a market capitalization of $16.75 billion, a PE ratio of 25.83, a P/E/G ratio of 2.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day moving average of $90.47 and a two-hundred day moving average of $83.87. Arthur J Gallagher & Co has a 52 week low of $68.19 and a 52 week high of $92.74.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, September 5th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 49.86%.

Arthur J Gallagher & Co 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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