Legal & General Group Plc boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 961,643 shares of the financial services provider’s stock after purchasing an additional 64,288 shares during the period. Legal & General Group Plc owned about 0.53% of Arthur J. Gallagher & Co. worth $59,189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jackson Wealth Management LLC lifted its position in Arthur J. Gallagher & Co. by 4.1% during the third quarter. Jackson Wealth Management LLC now owns 38,772 shares of the financial services provider’s stock valued at $2,399,000 after purchasing an additional 1,516 shares in the last quarter. Eagle Boston Investment Management Inc. purchased a new position in Arthur J. Gallagher & Co. during the third quarter valued at $201,000. Ffcm LLC lifted its position in Arthur J. Gallagher & Co. by 15.8% during the third quarter. Ffcm LLC now owns 12,452 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 1,698 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Arthur J. Gallagher & Co. by 9.9% during the third quarter. Eagle Asset Management Inc. now owns 152,713 shares of the financial services provider’s stock valued at $9,420,000 after purchasing an additional 13,813 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Arthur J. Gallagher & Co. by 9.0% during the third quarter. Great West Life Assurance Co. Can now owns 202,022 shares of the financial services provider’s stock valued at $12,410,000 after purchasing an additional 16,754 shares in the last quarter. Institutional investors own 82.55% of the company’s stock.

Arthur J. Gallagher & Co. (AJG) opened at $66.58 on Tuesday. Arthur J. Gallagher & Co. has a 52-week low of $49.21 and a 52-week high of $67.32. The company has a market capitalization of $12,035.79, a PE ratio of 22.95, a PEG ratio of 2.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the business earned $0.77 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. sell-side analysts predict that Arthur J. Gallagher & Co. will post 2.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.56 annualized dividend and a dividend yield of 2.34%. Arthur J. Gallagher & Co.’s payout ratio is 62.40%.

Several research firms recently weighed in on AJG. ValuEngine downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Credit Suisse Group lifted their target price on Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Barclays lifted their target price on Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Finally, Deutsche Bank downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research report on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Arthur J. Gallagher & Co. has an average rating of “Buy” and a consensus target price of $64.38.

In related news, Director Frank E. Jr. English sold 1,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $63.67, for a total value of $95,505.00. Following the sale, the director now directly owns 10,600 shares in the company, valued at $674,902. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas K. Howell sold 9,967 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $59.98, for a total value of $597,820.66. Following the completion of the sale, the chief financial officer now owns 47,767 shares in the company, valued at $2,865,064.66. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

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Arthur J. Gallagher & Co. Profile

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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