Arthur J. Gallagher & Co. (AJG) Stake Lowered by CCM Investment Advisers LLC

CCM Investment Advisers LLC trimmed its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 73.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,350 shares of the financial services provider’s stock after selling 9,230 shares during the period. CCM Investment Advisers LLC’s holdings in Arthur J. Gallagher & Co. were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AJG. Bank of Montreal Can grew its stake in Arthur J. Gallagher & Co. by 17.8% during the fourth quarter. Bank of Montreal Can now owns 239,750 shares of the financial services provider’s stock valued at $15,171,000 after acquiring an additional 36,298 shares in the last quarter. National Pension Service grew its stake in Arthur J. Gallagher & Co. by 2.5% during the fourth quarter. National Pension Service now owns 212,758 shares of the financial services provider’s stock valued at $13,463,000 after acquiring an additional 5,219 shares in the last quarter. CrestPoint Capital Management LLC purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $247,000. Creative Planning purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $302,000. Finally, Schwab Charles Investment Management Inc. grew its stake in Arthur J. Gallagher & Co. by 3.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 853,366 shares of the financial services provider’s stock valued at $54,001,000 after acquiring an additional 30,313 shares in the last quarter. Hedge funds and other institutional investors own 83.39% of the company’s stock.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 15,672 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, May 7th. The shares were sold at an average price of $69.23, for a total value of $1,084,972.56. Following the completion of the transaction, the insider now directly owns 8,639 shares of the company’s stock, valued at approximately $598,077.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank E. Jr. English sold 2,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, May 7th. The stock was sold at an average price of $69.03, for a total transaction of $138,060.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $552,240. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Several equities analysts recently weighed in on AJG shares. Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Thursday, March 29th. ValuEngine raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Wells Fargo set a $78.00 target price on shares of Arthur J. Gallagher & Co. and gave the company a “buy” rating in a research note on Wednesday, March 14th. SunTrust Banks reaffirmed a “buy” rating and set a $75.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Friday, January 26th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $71.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Thursday, March 15th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $72.70.

Shares of Arthur J. Gallagher & Co. opened at $66.94 on Friday, Marketbeat Ratings reports. Arthur J. Gallagher & Co. has a 52 week low of $66.70 and a 52 week high of $67.20. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.10 and a quick ratio of 1.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. Arthur J. Gallagher & Co. had a net margin of 10.34% and a return on equity of 18.19%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the company posted $0.40 EPS. The business’s revenue was up 10.2% on a year-over-year basis. research analysts expect that Arthur J. Gallagher & Co. will post 3.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.45%. Arthur J. Gallagher & Co.’s payout ratio is currently 53.59%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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

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