Victory Capital Management Inc. Has $28.35 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Victory Capital Management Inc. lessened its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 100,752 shares of the financial services provider’s stock after selling 1,769 shares during the period. Victory Capital Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $28,349,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at $26,000. Creekmur Asset Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $27,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 89.7% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after buying an additional 52 shares during the period. Finally, Quarry LP acquired a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $294.58 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average price is $288.49 and its two-hundred day moving average price is $275.22. The company has a market cap of $64.63 billion, a PE ratio of 56.11, a price-to-earnings-growth ratio of 2.51 and a beta of 0.72. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $301.04.

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

Arthur J. Gallagher & Co. Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. UBS Group upped their price objective on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. 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 note on Friday, July 26th. BMO Capital Markets raised their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, TD Cowen increased their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $289.14.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,800 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $287.00, for a total transaction of $803,600.00. Following the transaction, the vice president now owns 14,674 shares in the company, valued at $4,211,438. This trade represents a 16.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Robert Pesch sold 7,100 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $296.20, for a total value of $2,103,020.00. Following the transaction, the president now owns 33,267 shares in the company, valued at $9,853,685.40. The trade was a 17.59 % decrease in their position. 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 quarter. 1.60% of the stock is currently owned by insiders.

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.