O Shaughnessy Asset Management LLC Has $493,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

O Shaughnessy Asset Management LLC grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 44.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,516 shares of the financial services provider’s stock after acquiring an additional 1,087 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ING Groep NV raised its position in shares of Arthur J. Gallagher & Co. by 0.5% in the first quarter. ING Groep NV now owns 12,827 shares of the financial services provider’s stock valued at $1,600,000 after buying an additional 70 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Arthur J. Gallagher & Co. by 0.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,500 shares of the financial services provider’s stock valued at $1,191,000 after buying an additional 72 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Arthur J. Gallagher & Co. by 0.6% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,074 shares of the financial services provider’s stock valued at $1,831,000 after buying an additional 73 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in Arthur J. Gallagher & Co. by 2.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,678 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 75 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in Arthur J. Gallagher & Co. by 18.9% during the first quarter. Penserra Capital Management LLC now owns 478 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 83.12% of the company’s stock.

Shares of Arthur J. Gallagher & Co. stock opened at $149.80 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.68. Arthur J. Gallagher & Co. has a twelve month low of $101.36 and a twelve month high of $154.03. The stock has a market cap of $30.97 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 2.57 and a beta of 0.69. The company’s fifty day moving average is $141.96 and its 200 day moving average is $138.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 29th. The financial services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.10. Arthur J. Gallagher & Co. had a net margin of 11.70% and a return on equity of 15.11%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.71 billion. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 5.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 17th. Shareholders of record on Friday, September 3rd will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, September 2nd. This represents a $1.92 dividend on an annualized basis and a yield of 1.28%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 40.68%.

Arthur J. Gallagher & Co. announced that its Board of Directors has approved a share buyback plan on Thursday, July 29th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 5.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

AJG has been the subject of several research analyst reports. Wolfe Research initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Monday, August 16th. They set a “peer perform” rating and a $145.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Arthur J. Gallagher & Co. from $147.00 to $143.00 and set an “equal weight” rating for the company in a research report on Monday, August 16th. Atlantic Securities assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, July 6th. They set an “overweight” rating and a $175.00 price objective for the company. Truist Securities boosted their target price on shares of Arthur J. Gallagher & Co. from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America assumed coverage on shares of Arthur J. Gallagher & Co. in a research note on Friday, May 21st. They set an “underperform” rating and a $133.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $150.83.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, consulting, and third party claims settlement and administration services to both domestic and international entities. It operates through the following business segments: Brokerage, Risk Management and Corporate. The Brokerage segment comprises 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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