Arthur J Gallagher & Co (AJG) Shares Bought by Visionary Asset Management Inc.

Visionary Asset Management Inc. increased its position in Arthur J Gallagher & Co (NYSE:AJG) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 65,409 shares of the company’s stock after buying an additional 1,276 shares during the period. Arthur J Gallagher & Co makes up 1.1% of Visionary Asset Management Inc.’s portfolio, making the stock its 16th largest position. Visionary Asset Management Inc.’s holdings in Arthur J Gallagher & Co were worth $3,698,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its position in Arthur J Gallagher & Co by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 4,608 shares of the company’s stock worth $239,000 after buying an additional 14 shares in the last quarter. 1st Global Advisors Inc. boosted its position in Arthur J Gallagher & Co by 0.6% in the third quarter. 1st Global Advisors Inc. now owns 5,192 shares of the company’s stock worth $264,000 after buying an additional 29 shares in the last quarter. Savant Capital LLC boosted its position in Arthur J Gallagher & Co by 0.4% in the third quarter. Savant Capital LLC now owns 6,786 shares of the company’s stock worth $345,000 after buying an additional 30 shares in the last quarter. CLS Investments LLC boosted its position in Arthur J Gallagher & Co by 1.1% in the fourth quarter. CLS Investments LLC now owns 5,471 shares of the company’s stock worth $284,000 after buying an additional 62 shares in the last quarter. Finally, Charter Trust Co. boosted its position in Arthur J Gallagher & Co by 1.0% in the first quarter. Charter Trust Co. now owns 9,313 shares of the company’s stock worth $527,000 after buying an additional 88 shares in the last quarter. 83.11% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Arthur J Gallagher & Co (NYSE:AJG)

Arthur J Gallagher & Co (NYSE:AJG) traded down 0.50% on Thursday, reaching $55.51. 534,869 shares of the company’s stock were exchanged. Arthur J Gallagher & Co has a 1-year low of $43.90 and a 1-year high of $57.82. The firm has a 50-day moving average price of $56.56 and a 200-day moving average price of $52.82. The company has a market capitalization of $9.92 billion, a P/E ratio of 23.93 and a beta of 1.14.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. Arthur J Gallagher & Co had a net margin of 7.41% and a return on equity of 13.31%. The company earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. Equities research analysts expect that Arthur J Gallagher & Co will post $3.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Friday, March 3rd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.81%. The ex-dividend date was Wednesday, March 1st. This is a boost from Arthur J Gallagher & Co’s previous quarterly dividend of $0.38. Arthur J Gallagher & Co’s payout ratio is 65.52%.

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Several brokerages recently issued reports on AJG. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a report on Monday. Citigroup Inc raised their target price on shares of Arthur J Gallagher & Co from $56.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, April 7th. Finally, BMO Capital Markets raised their target price on shares of Arthur J Gallagher & Co from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Arthur J Gallagher & Co currently has an average rating of “Hold” and an average target price of $54.88.

In other news, insider Susan E. Pietrucha sold 8,434 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $53.91, for a total value of $454,676.94. Following the completion of the transaction, the insider now owns 2,800 shares in the company, valued at approximately $150,948. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Douglas K. Howell sold 20,033 shares of the company’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $56.95, for a total transaction of $1,140,879.35. Following the completion of the transaction, the chief financial officer now owns 31,606 shares of the company’s stock, valued at approximately $1,799,961.70. The disclosure for this sale can be found here. Insiders have sold a total of 51,897 shares of company stock valued at $2,860,634 in the last quarter. 1.70% of the stock is currently owned by company insiders.

Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

5 Day Chart for NYSE:AJG

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J Gallagher & Co (NYSE:AJG).

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