Crossmark Global Holdings Inc. Grows Position in Arthur J Gallagher & Co (NYSE:AJG)

Crossmark Global Holdings Inc. boosted its position in shares of Arthur J Gallagher & Co (NYSE:AJG) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,569 shares of the financial services provider’s stock after purchasing an additional 288 shares during the period. Crossmark Global Holdings Inc.’s holdings in Arthur J Gallagher & Co were worth $3,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Arthur J Gallagher & Co by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 823,808 shares of the financial services provider’s stock valued at $60,709,000 after purchasing an additional 28,397 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Arthur J Gallagher & Co by 16.3% during the fourth quarter. Geode Capital Management LLC now owns 2,549,309 shares of the financial services provider’s stock worth $187,573,000 after buying an additional 358,129 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Arthur J Gallagher & Co during the fourth quarter worth $356,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Arthur J Gallagher & Co by 15.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 132,731 shares of the financial services provider’s stock worth $9,783,000 after buying an additional 18,157 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Arthur J Gallagher & Co by 13.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 8,692 shares of the financial services provider’s stock worth $641,000 after buying an additional 1,018 shares in the last quarter. 80.88% of the stock is owned by institutional investors and hedge funds.

AJG has been the subject of a number of research reports. Wells Fargo & Co lifted their target price on Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Royal Bank of Canada set a $90.00 target price on Arthur J Gallagher & Co and gave the stock a “hold” rating in a report on Friday, July 26th. SunTrust Banks boosted their price target on Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Zacks Investment Research raised 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 note on Tuesday, July 23rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $93.00 price target (up previously from $88.00) on shares of Arthur J Gallagher & Co in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Arthur J Gallagher & Co presently has a consensus rating of “Buy” and a consensus target price of $90.00.

AJG traded up $1.22 during trading on Friday, hitting $89.72. The company’s stock had a trading volume of 1,068,600 shares, compared to its average volume of 1,087,510. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.77. Arthur J Gallagher & Co has a twelve month low of $68.19 and a twelve month high of $92.74. The stock’s fifty day moving average price is $90.54 and its 200-day moving average price is $83.90. The firm has a market capitalization of $16.36 billion, a P/E ratio of 26.01, a PEG ratio of 2.51 and a beta of 0.83.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. Arthur J Gallagher & Co’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts expect that Arthur J Gallagher & Co will post 3.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, September 5th. Arthur J Gallagher & Co’s payout ratio is 49.86%.

In related news, insider Susan E. Pietrucha sold 1,990 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $84.29, for a total transaction of $167,737.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kay W. Mccurdy sold 2,250 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $92.00, for a total value of $207,000.00. Following the sale, the director now owns 32,482 shares of the company’s stock, valued at approximately $2,988,344. The disclosure for this sale can be found here. Insiders have sold 5,440 shares of company stock worth $476,869 over the last ninety days. 1.30% of the stock is owned by insiders.

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.

Read More: Technical Analysis of Stocks, How Can It Help

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

Receive News & Ratings for Arthur J Gallagher & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J Gallagher & Co and related companies with MarketBeat.com's FREE daily email newsletter.