Arthur J Gallagher & Co (AJG) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in Arthur J Gallagher & Co (NYSE:AJG) by 62.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,139,784 shares of the financial services provider’s stock after acquiring an additional 437,771 shares during the quarter. Janus Henderson Group PLC owned about 0.62% of Arthur J Gallagher & Co worth $89,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Securian Asset Management Inc increased its position in shares of Arthur J Gallagher & Co by 0.7% during the 1st quarter. Securian Asset Management Inc now owns 18,970 shares of the financial services provider’s stock worth $1,482,000 after purchasing an additional 137 shares during the last quarter. Park National Corp OH increased its position in shares of Arthur J Gallagher & Co by 4.0% during the 1st quarter. Park National Corp OH now owns 3,984 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 153 shares during the last quarter. Weatherstone Capital Management increased its position in shares of Arthur J Gallagher & Co by 5.5% during the 1st quarter. Weatherstone Capital Management now owns 3,049 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 159 shares during the last quarter. Goelzer Investment Management Inc. increased its position in shares of Arthur J Gallagher & Co by 0.3% during the 4th quarter. Goelzer Investment Management Inc. now owns 62,932 shares of the financial services provider’s stock worth $4,638,000 after purchasing an additional 160 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Arthur J Gallagher & Co by 4.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,866 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 171 shares during the period. 81.13% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on AJG shares. Barclays raised their target price on Arthur J Gallagher & Co from $93.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Wells Fargo & Co restated a “buy” rating and set a $93.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, April 26th. Morgan Stanley raised their target price on Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. Finally, SunTrust Banks raised their target price on Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Arthur J Gallagher & Co currently has an average rating of “Buy” and a consensus target price of $84.67.

In other news, VP Scott R. Hudson sold 10,200 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $78.99, for a total transaction of $805,698.00. Following the sale, the vice president now owns 31,612 shares of the company’s stock, valued at approximately $2,497,031.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank E. Jr. English sold 800 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $83.08, for a total value of $66,464.00. Following the sale, the director now directly owns 6,500 shares in the company, valued at approximately $540,020. The disclosure for this sale can be found here. Insiders have sold a total of 30,734 shares of company stock worth $2,462,300 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Shares of AJG traded up $0.13 during midday trading on Wednesday, hitting $84.04. The company had a trading volume of 497,497 shares, compared to its average volume of 760,841. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $15.61 billion, a PE ratio of 24.36, a PEG ratio of 2.29 and a beta of 0.92. Arthur J Gallagher & Co has a 1 year low of $64.54 and a 1 year high of $84.84.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, April 25th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. Arthur J Gallagher & Co had a return on equity of 14.33% and a net margin of 9.79%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company earned $1.52 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts predict that Arthur J Gallagher & Co will post 3.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, June 6th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

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About Arthur J Gallagher & Co

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

See Also: Average Daily Trade Volume – ADTV

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

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