Banco Bilbao Vizcaya Argentaria S.A. Has $20.76 Million Holdings in Arthur J. Gallagher & Co. $AJG

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 145.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,060 shares of the financial services provider's stock after acquiring an additional 35,570 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Arthur J. Gallagher & Co. were worth $20,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Checchi Capital Advisers LLC grew its holdings in Arthur J. Gallagher & Co. by 1.1% during the first quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider's stock worth $1,001,000 after acquiring an additional 31 shares during the period. Menard Financial Group LLC boosted its position in shares of Arthur J. Gallagher & Co. by 0.8% during the 1st quarter. Menard Financial Group LLC now owns 3,812 shares of the financial services provider's stock valued at $1,289,000 after purchasing an additional 32 shares in the last quarter. Allen Capital Group LLC grew its stake in shares of Arthur J. Gallagher & Co. by 2.1% in the 1st quarter. Allen Capital Group LLC now owns 1,603 shares of the financial services provider's stock worth $553,000 after purchasing an additional 33 shares during the last quarter. City Holding Co. raised its holdings in shares of Arthur J. Gallagher & Co. by 3.1% in the 1st quarter. City Holding Co. now owns 1,140 shares of the financial services provider's stock worth $394,000 after purchasing an additional 34 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in Arthur J. Gallagher & Co. by 34.3% during the first quarter. CVA Family Office LLC now owns 133 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 34 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Up 0.9%

Arthur J. Gallagher & Co. stock traded up $2.6260 during mid-day trading on Thursday, hitting $305.2660. The company's stock had a trading volume of 1,154,634 shares, compared to its average volume of 1,769,933. Arthur J. Gallagher & Co. has a 52-week low of $274.25 and a 52-week high of $351.23. The company has a market cap of $78.27 billion, a PE ratio of 43.36 and a beta of 0.68. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.36. The firm's 50 day moving average is $306.77 and its 200 day moving average is $322.38.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing analysts' consensus estimates of $2.36 by ($0.03). The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.20 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. Arthur J. Gallagher & Co.'s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.29 EPS. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 36.93%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AJG. Erste Group Bank reaffirmed a "hold" rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 23rd. Barclays decreased their target price on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. Cantor Fitzgerald raised Arthur J. Gallagher & Co. to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Citigroup assumed coverage on Arthur J. Gallagher & Co. in a report on Wednesday, August 13th. They set a "neutral" rating and a $317.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of "Hold" and a consensus target price of $331.07.

Arthur J. Gallagher & Co. Company 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.