Iberiabank Corp boosted its stake in Arthur J Gallagher & Co (NYSE:AJG) by 43.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,367 shares of the financial services provider’s stock after purchasing an additional 2,854 shares during the quarter. Iberiabank Corp’s holdings in Arthur J Gallagher & Co were worth $697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dupont Capital Management Corp boosted its position in shares of Arthur J Gallagher & Co by 92.3% during the 2nd quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 758 shares during the last quarter. Braun Bostich & Associates Inc. boosted its position in shares of Arthur J Gallagher & Co by 528.7% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,773 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,491 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Arthur J Gallagher & Co during the 2nd quarter valued at about $127,000. Cerebellum GP LLC bought a new stake in shares of Arthur J Gallagher & Co during the 3rd quarter valued at about $185,000. Finally, Summit X LLC bought a new stake in shares of Arthur J Gallagher & Co during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

A number of brokerages have recently issued reports on AJG. Citigroup set a $78.00 price target on Arthur J Gallagher & Co and gave the company a “hold” rating in a research report on Friday. Wells Fargo & Co reiterated a “buy” rating and set a $78.00 price target on shares of Arthur J Gallagher & Co in a research report on Tuesday, July 10th. Credit Suisse Group set a $84.00 price target on Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Tuesday, September 25th. William Blair reiterated a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, August 16th. Finally, Goldman Sachs Group began coverage on Arthur J Gallagher & Co in a research report on Monday, June 18th. They set a “buy” rating and a $81.00 price target for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $77.50.

In related news, General Counsel Walter D. Bay sold 3,985 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $75.09, for a total value of $299,233.65. Following the completion of the sale, the general counsel now owns 16,269 shares in the company, valued at approximately $1,221,639.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP William F. Ziebell sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $74.78, for a total value of $934,750.00. Following the completion of the sale, the vice president now owns 16,792 shares of the company’s stock, valued at approximately $1,255,705.76. The disclosure for this sale can be found here. Insiders sold a total of 43,752 shares of company stock valued at $3,193,109 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

NYSE:AJG opened at $71.25 on Friday. The company has a market capitalization of $13.59 billion, a P/E ratio of 23.18, a PEG ratio of 2.09 and a beta of 1.13. Arthur J Gallagher & Co has a 1-year low of $61.49 and a 1-year high of $76.49. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.70.

Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.62 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.62. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. Arthur J Gallagher & Co had a return on equity of 15.93% and a net margin of 9.34%. Arthur J Gallagher & Co’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. On average, equities analysts forecast that Arthur J Gallagher & Co will post 3.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were given a $0.41 dividend. The ex-dividend date was Thursday, September 6th. This represents a $1.64 dividend on an annualized basis and a yield of 2.30%. Arthur J Gallagher & Co’s payout ratio is 53.59%.

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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