DekaBank Deutsche Girozentrale Has $35.06 Million Holdings in Arthur J. Gallagher & Co. $AJG

Key Points

• DekaBank Deutsche Girozentrale increased its holdings in Arthur J. Gallagher & Co. by 6.2% in Q2, owning 109,639 shares valued at approximately $35.06 million.
• Arthur J. Gallagher & Co. reported a net income of $2.33 EPS for the last quarter, which was below the expected $2.36 EPS, with revenues of $3.18 billion.
• The company announced a quarterly dividend of $0.65, representing a projected annual yield of 0.9% and a dividend payout ratio of approximately 36.93%.

DekaBank Deutsche Girozentrale lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,639 shares of the financial services provider's stock after buying an additional 6,374 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Arthur J. Gallagher & Co. were worth $35,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AJG. Oppenheimer & Co. Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 1.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 7,154 shares of the financial services provider's stock valued at $2,470,000 after purchasing an additional 113 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Arthur J. Gallagher & Co. by 10.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 108,134 shares of the financial services provider's stock valued at $37,332,000 after buying an additional 10,216 shares during the period. Spirepoint Private Client LLC increased its position in Arthur J. Gallagher & Co. by 12.8% in the 1st quarter. Spirepoint Private Client LLC now owns 18,022 shares of the financial services provider's stock valued at $6,222,000 after buying an additional 2,049 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in Arthur J. Gallagher & Co. by 1.8% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 133,448 shares of the financial services provider's stock worth $46,072,000 after buying an additional 2,319 shares during the period. Finally, Invesco LLC boosted its holdings in Arthur J. Gallagher & Co. by 3.0% in the first quarter. Invesco LLC now owns 1,915 shares of the financial services provider's stock worth $661,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Down 0.2%

Arthur J. Gallagher & Co. stock opened at $278.75 on Wednesday. The firm has a 50 day moving average price of $299.11 and a 200-day moving average price of $313.13. 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. has a twelve month low of $275.56 and a twelve month high of $351.23. The company has a market capitalization of $71.47 billion, a P/E ratio of 39.59 and a beta of 0.73.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The firm had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the previous year, the company posted $2.29 EPS. Arthur J. Gallagher & Co.'s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were issued 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 was Friday, September 5th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 36.93%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group upped their target price on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. The Goldman Sachs Group assumed coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, September 3rd. They set a "buy" rating and a $344.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the company a "market perform" rating in a report on Friday, September 19th. Citigroup initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, August 13th. They set a "neutral" rating and a $317.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the company an "overweight" rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $331.43.

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

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the completion of the transaction, the chief financial officer owned 100,777 shares of the company's stock, valued at $30,186,742.58. The trade was a 7.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Scott R. Hudson sold 12,855 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the completion of the sale, the vice president directly owned 85,920 shares in the company, valued at approximately $25,569,792. The trade was a 13.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,855 shares of company stock valued at $8,916,928. 1.30% of the stock is owned by company 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.

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