Arthur J Gallagher & Co (AJG) Holding Held by Payden & Rygel

Arthur J Gallagher & Co (AJG) Holding Held by Payden & Rygel

Payden & Rygel continued to hold its stake in Arthur J Gallagher & Co (NYSE:AJG) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 180,600 shares of the financial services provider’s stock at the end of the first quarter. Payden & Rygel’s holdings in Arthur J Gallagher & Co were worth $10,211,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AJG. Pacer Advisors Inc. raised its stake in shares of 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 worth $180,000 after buying an additional 99 shares during the period. Coconut Grove Bank increased its position in shares of 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 acquired a new position in shares of Arthur J Gallagher & Co during the first quarter valued at $201,000. HighPoint Advisor Group LLC acquired a new position in shares of Arthur J Gallagher & Co during the third quarter valued at $204,000. Finally, RFG Advisory Group LLC acquired a new position in shares of Arthur J Gallagher & Co during the fourth quarter valued at $209,000. 83.11% of the stock is owned by institutional investors and hedge funds.

Arthur J Gallagher & Co (NYSE:AJG) traded down 0.19% on Friday, reaching $57.35. The company’s stock had a trading volume of 611,017 shares. The stock has a market capitalization of $10.30 billion, a P/E ratio of 24.25 and a beta of 1.14. The firm has a 50 day moving average price of $55.95 and a 200 day moving average price of $54.42. Arthur J Gallagher & Co has a 52 week low of $43.90 and a 52 week high of $57.82.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Arthur J Gallagher & Co had a net margin of 7.41% and a return on equity of 13.31%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Arthur J Gallagher & Co will post $3.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, May 31st. Arthur J Gallagher & Co’s dividend payout ratio is presently 65.52%.

AJG has been the subject of a number of analyst reports. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a report on Monday, April 10th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Arthur J Gallagher & Co in a research report on Tuesday, May 2nd. Royal Bank of Canada restated a “hold” rating on shares of Arthur J Gallagher & Co in a research report on Friday, April 28th. Citigroup Inc upped their price target on Arthur J Gallagher & Co from $56.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, April 7th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.14.

In other Arthur J Gallagher & Co news, insider Susan E. Pietrucha sold 4,133 shares of the company’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 transaction, the insider now owns 112 shares in the company, valued at approximately $6,278.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Douglas K. Howell sold 20,033 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $56.95, for a total transaction of $1,140,879.35. Following the completion of the transaction, the chief financial officer now owns 31,606 shares of the company’s stock, valued at approximately $1,799,961.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,930 shares of company stock valued at $1,811,940. Insiders own 1.70% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AJG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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