Arthur J Gallagher & Co (NYSE:AJG) Position Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Arthur J Gallagher & Co (NYSE:AJG) by 28.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,049 shares of the financial services provider’s stock after purchasing an additional 19,235 shares during the period. Daiwa Securities Group Inc.’s holdings in Arthur J Gallagher & Co were worth $7,886,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AJG. Vanguard Group Inc. increased its holdings in shares of Arthur J Gallagher & Co by 0.3% in the second quarter. Vanguard Group Inc. now owns 20,650,184 shares of the financial services provider’s stock valued at $1,808,749,000 after buying an additional 63,734 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Arthur J Gallagher & Co by 1.0% in the second quarter. BlackRock Inc. now owns 19,169,460 shares of the financial services provider’s stock valued at $1,679,052,000 after buying an additional 185,656 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Arthur J Gallagher & Co by 52.3% in the second quarter. JPMorgan Chase & Co. now owns 8,432,371 shares of the financial services provider’s stock valued at $724,679,000 after buying an additional 2,895,732 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Arthur J Gallagher & Co by 51.4% in the second quarter. Invesco Ltd. now owns 4,113,457 shares of the financial services provider’s stock valued at $360,298,000 after buying an additional 1,397,053 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Arthur J Gallagher & Co by 14.6% in the second quarter. Bank of America Corp DE now owns 1,862,950 shares of the financial services provider’s stock valued at $163,176,000 after buying an additional 236,745 shares in the last quarter. 81.46% of the stock is currently owned by hedge funds and other institutional investors.

AJG has been the topic of several research reports. Morgan Stanley upped their price target on Arthur J Gallagher & Co from $93.00 to $96.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. ValuEngine cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. SunTrust Banks lifted their price objective on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Barclays set a $107.00 price objective on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $93.00 price objective (up from $88.00) on shares of Arthur J Gallagher & Co in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $95.86.

In other news, Director Kay W. Mccurdy sold 2,250 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $90.84, for a total transaction of $204,390.00. Following the transaction, the director now directly owns 30,232 shares in the company, valued at approximately $2,746,274.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan E. Pietrucha sold 18,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $90.33, for a total transaction of $1,625,940.00. Following the completion of the sale, the insider now owns 4,967 shares of the company’s stock, valued at $448,669.11. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

NYSE AJG traded up $0.09 on Friday, hitting $91.14. 33,279 shares of the stock were exchanged, compared to its average volume of 900,578. The company’s 50-day moving average price is $89.26 and its two-hundred day moving average price is $87.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05. Arthur J Gallagher & Co has a 52-week low of $68.19 and a 52-week high of $92.74. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.52 and a beta of 0.80.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. Arthur J Gallagher & Co had a net margin of 9.69% and a return on equity of 14.38%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company posted $0.77 EPS. Arthur J Gallagher & Co’s revenue was up 2.8% on a year-over-year basis. Equities analysts predict that Arthur J Gallagher & Co will post 3.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, December 5th. Arthur J Gallagher & Co’s dividend payout ratio is currently 49.86%.

Arthur J Gallagher & Co 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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