Clifford Group LLC Sells 49 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Clifford Group LLC lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,349 shares of the financial services provider’s stock after selling 49 shares during the period. Clifford Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $609,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AJG. Ieq Capital LLC grew its position in shares of Arthur J. Gallagher & Co. by 6.3% during the second quarter. Ieq Capital LLC now owns 31,192 shares of the financial services provider’s stock worth $8,088,000 after purchasing an additional 1,847 shares in the last quarter. Brighton Jones LLC bought a new position in Arthur J. Gallagher & Co. in the 2nd quarter worth approximately $210,000. Burgundy Asset Management Ltd. grew its holdings in Arthur J. Gallagher & Co. by 1.5% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 564,651 shares of the financial services provider’s stock valued at $146,420,000 after buying an additional 8,130 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the second quarter worth $26,000. Finally, Hsbc Holdings PLC boosted its position in shares of Arthur J. Gallagher & Co. by 34.3% during the second quarter. Hsbc Holdings PLC now owns 437,442 shares of the financial services provider’s stock worth $113,478,000 after acquiring an additional 111,685 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

AJG has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on shares of Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group increased their price target on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research note on Friday, July 26th. Wells Fargo & Company lifted their price objective on Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. BMO Capital Markets increased their target price on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, TD Cowen upped their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $278.47.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $282.18 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $61.66 billion, a P/E ratio of 57.12, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. Arthur J. Gallagher & Co. has a 1-year low of $218.63 and a 1-year high of $301.04. The company’s 50-day moving average is $285.38 and its 200 day moving average is $262.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. Arthur J. Gallagher & Co.’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $1.90 EPS. Research analysts forecast that Arthur J. Gallagher & Co. will post 10.16 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is presently 48.58%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $296.20, for a total value of $2,103,020.00. Following the transaction, the president now directly owns 33,267 shares in the company, valued at approximately $9,853,685.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the transaction, the president now directly owns 329,099 shares in the company, valued at approximately $93,121,853.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $9,853,685.40. The disclosure for this sale can be found here. Insiders have sold 37,145 shares of company stock valued at $10,629,900 in the last 90 days. Company insiders own 1.60% of the company’s stock.

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.