Bank Julius Baer & Co. Ltd Zurich Has $154,000 Stock Position in Arthur J. Gallagher & Co. $AJG

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 480,273 shares of the financial services provider’s stock after selling 42,327 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.19% of Arthur J. Gallagher & Co. worth $154,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Terra Nova Asset Management LLC grew its position in Arthur J. Gallagher & Co. by 0.5% in the second quarter. Terra Nova Asset Management LLC now owns 10,268 shares of the financial services provider’s stock valued at $3,287,000 after acquiring an additional 56 shares during the last quarter. Prudential PLC boosted its stake in shares of Arthur J. Gallagher & Co. by 195.6% in the 2nd quarter. Prudential PLC now owns 27,262 shares of the financial services provider’s stock valued at $8,727,000 after purchasing an additional 18,038 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at approximately $1,223,000. Telligent Fund LP increased its position in Arthur J. Gallagher & Co. by 6.2% during the 2nd quarter. Telligent Fund LP now owns 12,000 shares of the financial services provider’s stock worth $3,841,000 after purchasing an additional 700 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new position in Arthur J. Gallagher & Co. in the 2nd quarter valued at approximately $1,152,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 1.3%

AJG opened at $248.15 on Tuesday. Arthur J. Gallagher & Co. has a 12 month low of $239.47 and a 12 month high of $351.23. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $279.56 and its 200-day moving average price is $301.23. The company has a market cap of $63.73 billion, a P/E ratio of 35.25 and a beta of 0.71.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.19). The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.Arthur J. Gallagher & Co.’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.26 earnings per share. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 5th. Arthur J. Gallagher & Co.’s payout ratio is presently 38.86%.

Wall Street Analyst Weigh In

AJG has been the subject of several research analyst reports. Citigroup lowered their price target on shares of Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Wells Fargo & Company boosted their price objective on Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, October 31st. UBS Group boosted their price target on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, Cantor Fitzgerald raised Arthur J. Gallagher & Co. to a “strong-buy” rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $316.33.

Insider Activity

In related news, CFO Douglas K. Howell sold 8,000 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the completion of the sale, the chief financial officer directly owned 100,777 shares in the company, valued at $30,186,742.58. This represents a 7.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Richard C. Cary sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $261.00, for a total transaction of $1,566,000.00. Following the completion of the sale, the chief accounting officer directly owned 50,668 shares in the company, valued at approximately $13,224,348. This trade represents a 10.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 35,855 shares of company stock valued at $10,482,928. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.