Intech Investment Management LLC Has $9.31 Million Holdings in Arthur J. Gallagher & Co. $AJG

Key Points

• Intech Investment Management LLC reduced its stake in Arthur J. Gallagher & Co. by 21.5%, holding 26,955 shares valued at approximately $9.31 million after selling 7,397 shares in Q1.
• Institutional investors own 85.53% of Arthur J. Gallagher & Co.'s stock, with various funds making significant adjustments to their positions in the company recently.
• The company's latest earnings report indicated a slight miss on EPS expectations, reporting $2.33 versus an expected $2.36, while revenue increased by 16% year-over-year to $3.18 billion.

Intech Investment Management LLC lessened its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 21.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,955 shares of the financial services provider's stock after selling 7,397 shares during the period. Intech Investment Management LLC's holdings in Arthur J. Gallagher & Co. were worth $9,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWA Asset Management Group LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 22.5% in the 1st quarter. CWA Asset Management Group LLC now owns 1,125 shares of the financial services provider's stock worth $388,000 after acquiring an additional 207 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $382,000. Golden State Wealth Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 2,750.0% during the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock worth $39,000 after buying an additional 110 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 0.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,280 shares of the financial services provider's stock worth $3,879,000 after buying an additional 82 shares during the last quarter. Finally, Seven Grand Managers LLC bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $7,096,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AJG shares. The Goldman Sachs Group initiated coverage on Arthur J. Gallagher & Co. in a research report on Wednesday, September 3rd. They issued a "buy" rating and a $344.00 price objective on the stock. UBS Group cut their price target on shares of Arthur J. Gallagher & Co. from $345.00 to $322.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Keefe, Bruyette & Woods raised their price objective on shares of Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. Barclays lowered their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Finally, Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of "Hold" and a consensus price target of $333.13.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the sale, the vice president directly owned 85,920 shares of the company's stock, valued at $25,569,792. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $292.92 on Thursday. 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 business has a fifty day simple moving average of $301.51 and a two-hundred day simple moving average of $320.19. Arthur J. Gallagher & Co. has a 1 year low of $274.25 and a 1 year high of $351.23. The company has a market capitalization of $75.10 billion, a P/E ratio of 41.61 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The firm had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same period in the prior year, the business earned $2.29 earnings per share. The business's quarterly revenue was up 16.0% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 5th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) 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.

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