Archford Capital Strategies LLC Sells 500 Shares of Arthur J Gallagher & Co (NYSE:AJG)

Archford Capital Strategies LLC cut its stake in shares of Arthur J Gallagher & Co (NYSE:AJG) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,813 shares of the financial services provider’s stock after selling 500 shares during the quarter. Archford Capital Strategies LLC’s holdings in Arthur J Gallagher & Co were worth $1,506,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. HM Payson & Co. bought a new position in Arthur J Gallagher & Co in the 2nd quarter worth approximately $36,000. Commonwealth Bank of Australia boosted its stake in Arthur J Gallagher & Co by 35.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 126 shares during the period. CSat Investment Advisory L.P. boosted its stake in Arthur J Gallagher & Co by 106.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 537 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 277 shares during the period. Pathstone Family Office LLC boosted its stake in Arthur J Gallagher & Co by 109.3% in the 2nd quarter. Pathstone Family Office LLC now owns 722 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 377 shares during the period. Finally, Synovus Financial Corp boosted its stake in Arthur J Gallagher & Co by 32.9% in the 2nd quarter. Synovus Financial Corp now owns 868 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 215 shares during the period. Institutional investors own 81.66% of the company’s stock.

NYSE AJG opened at $90.15 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $16.69 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.51 and a beta of 0.81. Arthur J Gallagher & Co has a one year low of $68.19 and a one year high of $92.74. The stock has a 50 day moving average price of $88.76 and a 200-day moving average price of $87.15.

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

Several research firms have weighed in on AJG. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a research note on Tuesday, July 23rd. SunTrust Banks upped their price target on Arthur J Gallagher & Co from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Barclays set a $107.00 price target on Arthur J Gallagher & Co and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada set a $90.00 price target on Arthur J Gallagher & Co and gave the stock a “hold” rating in a research note on Friday, July 26th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $93.57.

In other news, insider Susan E. Pietrucha sold 18,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $90.33, for a total transaction of $1,625,940.00. Following the completion of the transaction, the insider now directly owns 4,967 shares in the company, valued at approximately $448,669.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 owns 32,482 shares of the company’s stock, valued at $2,988,344. The disclosure for this sale can be found here. Insiders have sold a total of 22,500 shares of company stock valued at $2,037,330 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

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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