The Oxbow Advisors LLC Has $955,000 Stake in Arthur J. Gallagher & Co. (AJG)

The Oxbow Advisors LLC Has $955,000 Stake in Arthur J. Gallagher & Co. (AJG)

Oxbow Advisors LLC decreased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 9.0% during the third quarter, Holdings Channel reports. The firm owned 18,752 shares of the company’s stock after selling 1,850 shares during the period. Oxbow Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $955,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AJG. Vanguard Group Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 23.4% in the second quarter. Vanguard Group Inc. now owns 15,749,325 shares of the company’s stock valued at $749,668,000 after buying an additional 2,987,125 shares during the period. State Street Corp boosted its stake in shares of Arthur J. Gallagher & Co. by 22.9% in the second quarter. State Street Corp now owns 7,802,461 shares of the company’s stock valued at $371,397,000 after buying an additional 1,456,359 shares during the period. Kleinwort Benson Investors Dublin Ltd acquired a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $37,142,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Arthur J. Gallagher & Co. by 28.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,416,335 shares of the company’s stock valued at $122,920,000 after buying an additional 541,945 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Arthur J. Gallagher & Co. by 381.0% in the second quarter. Royal Bank of Canada now owns 630,386 shares of the company’s stock valued at $30,008,000 after buying an additional 499,318 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. (NYSE:AJG) traded down 0.49% during mid-day trading on Thursday, reaching $52.67. 520,671 shares of the company’s stock were exchanged. Arthur J. Gallagher & Co. has a 52-week low of $36.22 and a 52-week high of $53.36. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 24.54 and a beta of 1.11. The company has a 50-day moving average of $51.52 and a 200-day moving average of $50.07.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Arthur J. Gallagher & Co. had a net margin of 6.88% and a return on equity of 12.86%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $388.20 million. During the same period last year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post $2.74 earnings per share for the current year.

Several equities research analysts have commented on AJG shares. Barclays PLC reissued an “overweight” rating and set a $52.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Monday, September 26th. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. lowered shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 15th. Citigroup Inc. boosted their price objective on shares of Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $51.36.

In related news, CAO Richard C. Cary sold 8,230 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $48.29, for a total transaction of $397,426.70. Following the transaction, the chief accounting officer now directly owns 32,330 shares of the company’s stock, valued at $1,561,215.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan E. Pietrucha sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $52.00, for a total transaction of $156,000.00. Following the transaction, the insider now directly owns 3,000 shares in the company, valued at $156,000. The disclosure for this sale can be found here. Insiders have sold 21,385 shares of company stock worth $1,064,733 over the last three months. 1.70% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is 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. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

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