Arthur J Gallagher & Co (AJG) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Arthur J Gallagher & Co (NYSE:AJG) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 225,417 shares of the financial services provider’s stock after purchasing an additional 1,480 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.12% of Arthur J Gallagher & Co worth $16,782,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Royal London Asset Management Ltd. bought a new stake in shares of Arthur J Gallagher & Co during the 2nd quarter valued at $4,550,000. Zacks Investment Management boosted its holdings in shares of Arthur J Gallagher & Co by 0.8% during the 2nd quarter. Zacks Investment Management now owns 550,895 shares of the financial services provider’s stock valued at $35,962,000 after buying an additional 4,504 shares in the last quarter. Visionary Asset Management Inc. bought a new stake in shares of Arthur J Gallagher & Co during the 3rd quarter valued at $217,000. CIBC World Markets Inc. boosted its holdings in shares of Arthur J Gallagher & Co by 39.8% during the 2nd quarter. CIBC World Markets Inc. now owns 4,267 shares of the financial services provider’s stock valued at $279,000 after buying an additional 1,214 shares in the last quarter. Finally, First Quadrant L P CA boosted its holdings in shares of Arthur J Gallagher & Co by 56.9% during the 2nd quarter. First Quadrant L P CA now owns 328,859 shares of the financial services provider’s stock valued at $21,468,000 after buying an additional 119,279 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on AJG shares. Wells Fargo & Co restated a “buy” rating and set a $85.00 target price on shares of Arthur J Gallagher & Co in a report on Thursday, October 25th. Royal Bank of Canada restated a “hold” rating and set a $73.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, July 27th. Credit Suisse Group set a $84.00 target price on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a report on Tuesday, September 25th. SunTrust Banks restated a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, July 26th. Finally, William Blair restated a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, August 16th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $78.20.

In related news, General Counsel Walter D. Bay sold 3,985 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $75.09, for a total value of $299,233.65. Following the transaction, the general counsel now owns 16,269 shares in the company, valued at approximately $1,221,639.21. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Walter D. Bay sold 9,100 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $71.95, for a total transaction of $654,745.00. Following the completion of the transaction, the general counsel now owns 26,369 shares in the company, valued at approximately $1,897,249.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,252 shares of company stock worth $2,944,259. 1.60% of the stock is currently owned by company insiders.

Shares of Arthur J Gallagher & Co stock opened at $78.05 on Friday. The stock has a market capitalization of $14.13 billion, a P/E ratio of 20.58, a PEG ratio of 2.05 and a beta of 1.00. Arthur J Gallagher & Co has a 1 year low of $62.04 and a 1 year high of $78.37. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Arthur J Gallagher & Co had a net margin of 9.04% and a return on equity of 15.50%. As a group, analysts expect that Arthur J Gallagher & Co will post 3.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, December 6th. Arthur J Gallagher & Co’s payout ratio is 53.59%.

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About Arthur J Gallagher & Co

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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