Prudent Man Advisors LLC Has $681,000 Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Prudent Man Advisors LLC lowered its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 25.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,419 shares of the financial services provider’s stock after selling 822 shares during the quarter. Prudent Man Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AJG. Edgestream Partners L.P. acquired a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at $2,604,000. Jacobi Capital Management LLC increased its holdings in Arthur J. Gallagher & Co. by 18.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,118 shares of the financial services provider’s stock valued at $279,000 after buying an additional 171 shares during the period. Cynosure Group LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $309,000. Penobscot Investment Management Company Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 12.7% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 5,610 shares of the financial services provider’s stock worth $1,403,000 after acquiring an additional 632 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 4.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 29,149 shares of the financial services provider’s stock worth $7,288,000 after acquiring an additional 1,191 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the completion of the sale, the president now owns 33,267 shares in the company, valued at approximately $9,853,685.40. The trade was a 17.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 2,800 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares in the company, valued at $4,211,438. This trade represents a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,900 shares of company stock valued at $6,892,280 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

AJG has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday, July 26th. TD Cowen raised their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Bank of America upped their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Barclays assumed coverage on 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, Wells Fargo & Company lifted 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 report on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average target price of $289.14.

Arthur J. Gallagher & Co. Trading Down 0.0 %

Shares of AJG stock opened at $294.58 on Monday. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $301.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day simple moving average of $288.49 and a two-hundred day simple moving average of $275.22. The company has a market cap of $64.63 billion, a P/E ratio of 56.11, a PEG ratio of 2.51 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting the consensus estimate of $2.26. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.00 EPS. Research analysts forecast that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.71%.

Arthur J. Gallagher & Co. Company Profile

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.