Osborn Williams & Donohoe LLC Has $1.45 Million Position in Arthur J. Gallagher & Co. (AJG)

Osborn Williams & Donohoe LLC lowered its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 25,245 shares of the financial services provider’s stock after selling 50 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AJG. Pacer Advisors Inc. boosted its position 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 valued at $180,000 after buying an additional 99 shares during the last quarter. Coconut Grove Bank boosted 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 last quarter. Court Place Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $201,000. Koch Industries Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $210,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $215,000. Institutional investors and hedge funds own 82.16% of the company’s stock.

Arthur J. Gallagher & Co. (NYSE AJG) opened at 58.90 on Thursday. The stock has a 50 day moving average of $57.94 and a 200 day moving average of $56.58. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 23.75 and a beta of 1.19. Arthur J. Gallagher & Co. has a 12 month low of $47.16 and a 12 month high of $59.64.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, August 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.90%.

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Several brokerages recently commented on AJG. Wells Fargo & Company restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, June 14th. BidaskClub cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Royal Bank Of Canada reiterated a “hold” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, April 28th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $59.00.

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 transaction of $231,695.98. Following the sale, the insider now directly owns 112 shares of the company’s stock, valued at $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 20,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $58.85, for a total transaction of $1,177,000.00. Following the sale, the chief financial officer now directly owns 47,800 shares in the company, valued at $2,813,030. The disclosure for this sale can be found here. Insiders sold a total of 49,829 shares of company stock worth $2,904,780 over the last three months. 1.60% of the stock is owned by insiders.

About Arthur J. Gallagher & Co.

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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