Gateway Investment Advisers LLC decreased its position in Arthur J Gallagher & Co (NYSE:AJG) by 11.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 354,601 shares of the financial services provider’s stock after selling 47,539 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Arthur J Gallagher & Co were worth $22,439,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AJG. Invictus RG purchased a new position in shares of Arthur J Gallagher & Co in the third quarter valued at about $130,000. Eagle Boston Investment Management Inc. purchased a new position in shares of Arthur J Gallagher & Co in the third quarter valued at about $201,000. Coldstream Capital Management Inc. purchased a new position in shares of Arthur J Gallagher & Co in the second quarter valued at about $202,000. Doyle Wealth Management purchased a new position in shares of Arthur J Gallagher & Co in the third quarter valued at about $203,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new position in shares of Arthur J Gallagher & Co in the third quarter valued at about $218,000. Hedge funds and other institutional investors own 82.52% of the company’s stock.

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 shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the transaction, the director now owns 10,600 shares in the company, valued at $674,902. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Scott R. Hudson sold 7,600 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.29, for a total transaction of $496,204.00. Following the transaction, the vice president now owns 25,027 shares in the company, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Arthur J Gallagher & Co (AJG) opened at $64.05 on Thursday. Arthur J Gallagher & Co has a 52-week low of $52.29 and a 52-week high of $67.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $11,466.27, a PE ratio of 25.62, a P/E/G ratio of 1.70 and a beta of 1.23.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. Arthur J Gallagher & Co had a net margin of 7.62% and a return on equity of 13.56%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. Arthur J Gallagher & Co’s quarterly revenue was up 6.9% on a year-over-year basis. research analysts forecast that Arthur J Gallagher & Co will post 2.99 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Royal Bank of Canada restated a “hold” rating and issued a $64.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, December 8th. Wells Fargo & Co set a $74.00 price objective on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Monday. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $77.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, December 22nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $68.22.

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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.

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

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