Arthur J. Gallagher & Co. $AJG Shares Acquired by CW Advisors LLC

Key Points

• CW Advisors LLC has increased its stake in Arthur J. Gallagher & Co. by 4.2% during the first quarter, now owning 72,198 shares valued at approximately $24.9 million.
• Arthur J. Gallagher & Co. reported a quarterly revenue of $3.18 billion, which fell short of analysts' expectations, along with earnings per share (EPS) of $2.33, missing projections by 3 cents.
• The company announced a quarterly dividend of $0.65 per share, with a dividend payout ratio of 36.93% and a current dividend yield of 0.9%.

CW Advisors LLC raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 72,198 shares of the financial services provider's stock after purchasing an additional 2,930 shares during the period. CW Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $24,923,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AJG. JPMorgan Chase & Co. grew its position in shares of Arthur J. Gallagher & Co. by 38.3% during the 1st quarter. JPMorgan Chase & Co. now owns 17,372,745 shares of the financial services provider's stock valued at $5,997,767,000 after buying an additional 4,815,007 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Arthur J. Gallagher & Co. by 1,511.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,758,166 shares of the financial services provider's stock valued at $499,055,000 after buying an additional 1,649,046 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Arthur J. Gallagher & Co. by 53,148.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,319,505 shares of the financial services provider's stock valued at $374,541,000 after buying an additional 1,317,027 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $269,658,000. Finally, Vanguard Group Inc. grew its position in shares of Arthur J. Gallagher & Co. by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 30,411,264 shares of the financial services provider's stock valued at $10,499,185,000 after buying an additional 739,130 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AJG. Barclays lowered their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Wells Fargo & Company boosted their price objective on shares of Arthur J. Gallagher & Co. from $371.00 to $373.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Keefe, Bruyette & Woods upped their target price on shares of Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Wall Street Zen cut shares of Arthur J. Gallagher & Co. from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Erste Group Bank restated a "hold" rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $331.07.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG traded down $2.5550 on Friday, hitting $302.8250. The stock had a trading volume of 1,165,433 shares, compared to its average volume of 1,790,757. The company's 50-day moving average is $306.50 and its two-hundred day moving average is $322.35. The stock has a market cap of $77.64 billion, a price-to-earnings ratio of 43.01 and a beta of 0.68. Arthur J. Gallagher & Co. has a one year low of $274.25 and a one year high of $351.23. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly 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 company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.20 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The company's revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. On average, analysts expect 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 declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 5th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 36.93%.

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.