E. Ohman J or Asset Management AB Sells 500 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

E. Ohman J or Asset Management AB decreased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,700 shares of the financial services provider’s stock after selling 500 shares during the period. E. Ohman J or Asset Management AB’s holdings in Arthur J. Gallagher & Co. were worth $2,448,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new stake in Arthur J. Gallagher & Co. during the second quarter valued at $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new position in Arthur J. Gallagher & Co. in the first quarter worth about $27,000. DiNuzzo Private Wealth Inc. increased its stake in Arthur J. Gallagher & Co. by 89.7% during the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 52 shares during the last quarter. Finally, Quarry LP purchased a new stake in Arthur J. Gallagher & Co. during the second quarter valued at approximately $29,000. 85.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $284.68, for a total value of $1,992,760.00. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at approximately $21,625,146.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the transaction, the president now owns 329,099 shares of the company’s stock, valued at $93,121,853.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the sale, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,625,146.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,145 shares of company stock worth $12,622,660 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $282.97 on Friday. The company has a market capitalization of $61.83 billion, a price-to-earnings ratio of 57.28, a PEG ratio of 2.53 and a beta of 0.72. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $301.04. The business’s fifty day simple moving average is $289.26 and its 200-day simple moving average is $268.89.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the business earned $2.00 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 48.58%.

Wall Street Analyst Weigh In

AJG has been the topic of several analyst reports. Bank of America boosted their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company increased their target price on shares of Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets lifted their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, Bank Of America (Bofa) boosted their target price on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average price target of $287.00.

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.