Thrivent Financial For Lutherans Purchases 370 Shares of Arthur J. Gallagher & Co. (AJG)

Thrivent Financial For Lutherans raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,745 shares of the financial services provider’s stock after buying an additional 370 shares during the period. Thrivent Financial For Lutherans’ holdings in Arthur J. Gallagher & Co. were worth $380,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its position in Arthur J. Gallagher & Co. by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock valued at $180,000 after buying an additional 99 shares during the period. Coconut Grove Bank boosted its position in Arthur J. Gallagher & Co. by 92.5% in the first quarter. Coconut Grove Bank now owns 3,330 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,600 shares during the period. Court Place Advisors LLC purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at approximately $201,000. Bronfman E.L. Rothschild L.P. boosted its position in Arthur J. Gallagher & Co. by 6.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,847 shares of the financial services provider’s stock valued at $218,000 after buying an additional 225 shares during the period. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at approximately $224,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. (AJG) traded up 0.16% during mid-day trading on Friday, hitting $57.94. 581,798 shares of the company traded hands. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 23.36 and a beta of 1.19. Arthur J. Gallagher & Co. has a one year low of $47.16 and a one year high of $59.64. The company’s 50-day moving average is $58.22 and its 200-day moving average is $56.80.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.01. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts predict that Arthur J. Gallagher & Co. will post $3.00 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.56 annualized dividend and a dividend yield of 2.69%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.90%.

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Several research analysts have commented on AJG shares. BidaskClub upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Wells Fargo & Company restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, April 27th. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Citigroup Inc. lowered shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 2nd. They noted that the move was a valuation call. Finally, Barclays PLC upped their price target on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.33.

In other news, insider Susan E. Pietrucha sold 4,133 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $56.06, for a total value of $231,695.98. Following the completion of the sale, the insider now owns 112 shares of the company’s stock, valued at $6,278.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP William F. Ziebell sold 7,764 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $56.59, for a total transaction of $439,364.76. Following the completion of the sale, the vice president now directly owns 8,495 shares of the company’s stock, valued at approximately $480,732.05. The disclosure for this sale can be found here. In the last three months, insiders sold 49,829 shares of company stock valued at $2,904,780. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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