TD Asset Management Inc Buys 25,300 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Key Points

• TD Asset Management Inc increased its holdings in Arthur J. Gallagher & Co. by 2.8%, owning approximately 0.36% of the company worth $316.93 million after purchasing an additional 25,300 shares.
• Arthur J. Gallagher & Co. reported a net margin of 14.39% and earnings of $3.67 per share, surpassing analysts' expectations, although revenue fell short of the consensus estimate.
• The company recently announced a quarterly dividend of $0.65 per share, translating to an annualized dividend of $2.60 and a yield of 0.83%.

TD Asset Management Inc increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 918,009 shares of the financial services provider's stock after buying an additional 25,300 shares during the period. TD Asset Management Inc owned 0.36% of Arthur J. Gallagher & Co. worth $316,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AJG. Winslow Capital Management LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $719,489,000. Capital World Investors increased its holdings in shares of Arthur J. Gallagher & Co. by 30.4% in the fourth quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider's stock valued at $2,327,403,000 after purchasing an additional 1,910,471 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Arthur J. Gallagher & Co. by 162.0% in the fourth quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider's stock valued at $801,115,000 after purchasing an additional 1,745,283 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 1,511.2% in the fourth 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 purchasing an additional 1,649,046 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Arthur J. Gallagher & Co. by 53,148.8% in the fourth 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 purchasing an additional 1,317,027 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Erste Group Bank reiterated a "hold" rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 23rd. Wells Fargo & Company reduced their target price on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Barclays reduced their target price 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. Jefferies Financial Group reduced their target price on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of "Hold" and a consensus target price of $322.31.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG traded down $0.98 during mid-day trading on Wednesday, reaching $287.37. 1,129,182 shares of the company's stock were exchanged, compared to its average volume of 1,517,298. The firm has a market capitalization of $73.60 billion, a price-to-earnings ratio of 41.61 and a beta of 0.71. Arthur J. Gallagher & Co. has a 52 week low of $274.25 and a 52 week high of $351.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50-day moving average price of $321.08 and a two-hundred day moving average price of $322.91.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.85 billion. During the same period in the previous year, the business posted $3.45 EPS. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

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

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $337.17, for a total transaction of $3,540,285.00. Following the completion of the transaction, the vice president owned 91,175 shares of the company's stock, valued at $30,741,474.75. The trade was a 10.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Susan E. Pietrucha sold 13,500 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $344.13, for a total value of $4,645,755.00. Following the transaction, the insider directly owned 11,941 shares of the company's stock, valued at $4,109,256.33. The trade was a 53.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $8,528,080 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.