Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 9.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,652 shares of the financial services provider’s stock after buying an additional 1,318 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Arthur J. Gallagher & Co. were worth $902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Citadel Advisors LLC increased its stake in shares of Arthur J. Gallagher & Co. by 785.9% in the 2nd quarter. Citadel Advisors LLC now owns 2,362,782 shares of the financial services provider’s stock valued at $135,269,000 after purchasing an additional 2,096,062 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Arthur J. Gallagher & Co. by 8,471.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,852,944 shares of the financial services provider’s stock valued at $106,081,000 after purchasing an additional 1,831,326 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 4,730.8% in the 2nd quarter. American Century Companies Inc. now owns 1,550,935 shares of the financial services provider’s stock valued at $88,791,000 after purchasing an additional 1,518,830 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 97.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,242,484 shares of the financial services provider’s stock valued at $71,132,000 after purchasing an additional 614,788 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock valued at $1,039,067,000 after purchasing an additional 571,235 shares in the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.

Several equities analysts recently weighed in on the company. ValuEngine lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Credit Suisse Group lifted their price target on 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. Barclays boosted their price objective on Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $59.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.38.

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

Shares of Arthur J. Gallagher & Co. (NYSE AJG) opened at $65.83 on Thursday. Arthur J. Gallagher & Co. has a 52 week low of $49.66 and a 52 week high of $67.32. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $11,900.19, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 EPS for the quarter, topping 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 company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the business earned $0.77 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 6.9% on a year-over-year basis. equities analysts anticipate that Arthur J. Gallagher & Co. will post 2.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.56 annualized dividend and a yield of 2.37%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.40%.

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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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