Teacher Retirement System of Texas cut its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 12.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 257,832 shares of the financial services provider’s stock after selling 35,668 shares during the period. Teacher Retirement System of Texas’ holdings in Arthur J Gallagher & Co were worth $20,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Destination Wealth Management lifted its position in Arthur J Gallagher & Co by 308.2% during the 4th quarter. Destination Wealth Management now owns 396 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 299 shares during the period. Private Ocean LLC acquired a new position in Arthur J Gallagher & Co during the 1st quarter valued at about $39,000. Quadrant Capital Group LLC lifted its position in Arthur J Gallagher & Co by 156.9% during the 1st quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 309 shares during the period. Lindbrook Capital LLC acquired a new position in Arthur J Gallagher & Co during the 4th quarter valued at about $47,000. Finally, Synovus Financial Corp lifted its position in Arthur J Gallagher & Co by 32.2% during the 4th quarter. Synovus Financial Corp now owns 863 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 210 shares during the period. Institutional investors own 83.40% of the company’s stock.

In other news, Director Frank E. Jr. English sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $83.08, for a total transaction of $66,464.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $540,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Richard C. Cary sold 6,134 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $83.48, for a total transaction of $512,066.32. Following the transaction, the chief accounting officer now directly owns 35,193 shares of the company’s stock, valued at $2,937,911.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,534 shares of company stock valued at $3,963,150. 1.30% of the stock is owned by company insiders.

NYSE AJG traded up $1.03 during trading hours on Thursday, reaching $83.74. 18,486 shares of the company’s stock were exchanged, compared to its average volume of 1,079,195. Arthur J Gallagher & Co has a one year low of $64.54 and a one year high of $84.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.23 and a beta of 0.92.

Arthur J Gallagher & Co (NYSE:AJG) last posted its earnings results on Thursday, April 25th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Arthur J Gallagher & Co had a return on equity of 14.33% and a net margin of 9.79%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business earned $1.52 EPS. Arthur J Gallagher & Co’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts predict that Arthur J Gallagher & Co will post 3.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.72 dividend on an annualized basis and a yield of 2.05%. Arthur J Gallagher & Co’s payout ratio is 49.86%.

A number of research firms have issued reports on AJG. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Wells Fargo & Co reiterated a “buy” rating and issued a $93.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, April 26th. Barclays increased their price target on shares of Arthur J Gallagher & Co from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Morgan Stanley increased their price target on shares of Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Finally, SunTrust Banks increased their price target on shares of Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $84.22.

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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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