Arthur J Gallagher & Co (NYSE:AJG) Shares Bought by Fenimore Asset Management Inc.

Fenimore Asset Management Inc. raised its stake in Arthur J Gallagher & Co (NYSE:AJG) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 584,844 shares of the financial services provider’s stock after acquiring an additional 24,845 shares during the quarter. Arthur J Gallagher & Co makes up approximately 1.7% of Fenimore Asset Management Inc.’s investment portfolio, making the stock its 23rd largest position. Fenimore Asset Management Inc. owned approximately 0.32% of Arthur J Gallagher & Co worth $51,226,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Zions Bancorporation N.A. purchased a new stake in shares of Arthur J Gallagher & Co in the first quarter valued at approximately $25,000. Quadrant Capital Group LLC increased its position in shares of Arthur J Gallagher & Co by 156.9% in the first quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock valued at $38,000 after buying an additional 309 shares in the last quarter. Private Ocean LLC purchased a new stake in shares of Arthur J Gallagher & Co in the first quarter valued at approximately $39,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Arthur J Gallagher & Co by 675.7% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 574 shares of the financial services provider’s stock valued at $45,000 after buying an additional 500 shares in the last quarter. Finally, Thor Advisors LLC purchased a new stake in shares of Arthur J Gallagher & Co in the first quarter valued at approximately $67,000. 80.88% of the stock is owned by institutional investors.

Shares of AJG opened at $88.50 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.07 and a current ratio of 1.07. Arthur J Gallagher & Co has a one year low of $68.19 and a one year high of $92.74. The stock has a market capitalization of $16.75 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 2.57 and a beta of 0.83. The stock has a 50 day moving average price of $90.47 and a 200 day moving average price of $83.87.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Arthur J Gallagher & Co had a return on equity of 14.19% and a net margin of 9.77%. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Arthur J Gallagher & Co will post 3.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, September 5th. Arthur J Gallagher & Co’s payout ratio is currently 49.86%.

AJG has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $90.00 price objective on Arthur J Gallagher & Co and gave the company a “hold” rating in a research report on Friday, July 26th. Morgan Stanley boosted their price objective on Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Credit Suisse Group restated an “outperform” rating and issued a $93.00 price objective (up from $88.00) on shares of Arthur J Gallagher & Co in a research report on Wednesday, August 7th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a research report on Tuesday, July 23rd. Finally, SunTrust Banks boosted their price target on Arthur J Gallagher & Co to $95.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $90.00.

In other Arthur J Gallagher & Co news, Director William L. Bax sold 1,200 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $85.11, for a total value of $102,132.00. Following the completion of the sale, the director now directly owns 40,570 shares in the company, valued at approximately $3,452,912.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Susan E. Pietrucha sold 1,990 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $84.29, for a total value of $167,737.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,440 shares of company stock valued at $476,869. 1.30% of the stock is owned by company insiders.

Arthur J Gallagher & Co Company 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.

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

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