Sigma Investment Counselors Inc. Decreases Stake in Arthur J. Gallagher & Co. (AJG)

Sigma Investment Counselors Inc. reduced its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,691 shares of the financial services provider’s stock after selling 1,249 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $2,628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AJG. Pacer Advisors Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 261 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter valued at $202,000. Doyle Wealth Management bought a new position in shares of Arthur J. Gallagher & Co. in the third quarter valued at $203,000. Gilbert & Cook Inc. bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter valued at $224,000. Finally, Blair William & Co. IL bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter valued at $224,000. 81.08% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. BidaskClub cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Credit Suisse Group raised their target price on shares of Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Wells Fargo & Company reissued a “buy” rating and issued a $66.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Sunday, September 17th. Deutsche Bank AG cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $64.38.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 3,601 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $57.78, for a total transaction of $208,065.78. Following the completion of the sale, the insider now owns 4,055 shares of the company’s stock, valued at approximately $234,297.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $59.98, for a total value of $597,820.66. Following the sale, the chief financial officer now directly owns 47,767 shares of the company’s stock, valued at approximately $2,865,064.66. The disclosure for this sale can be found here. Insiders have sold a total of 15,068 shares of company stock valued at $901,391 in the last ninety days. Insiders own 1.60% of the company’s stock.

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Shares of Arthur J. Gallagher & Co. (NYSE AJG) traded down $0.14 during trading on Tuesday, reaching $63.94. The company’s stock had a trading volume of 589,600 shares, compared to its average volume of 811,547. Arthur J. Gallagher & Co. has a fifty-two week low of $48.97 and a fifty-two week high of $64.45. The firm has a market cap of $11,585.60, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.62%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the firm posted $0.77 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. sell-side analysts expect that Arthur J. Gallagher & Co. will post 2.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio is 62.40%.

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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