Gierl Augustine Investment Management Inc decreased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,077 shares of the company’s stock after selling 500 shares during the period. Arthur J. Gallagher & Co. comprises approximately 2.9% of Gierl Augustine Investment Management Inc’s portfolio, making the stock its 9th largest position. Gierl Augustine Investment Management Inc’s holdings in Arthur J. Gallagher & Co. were worth $3,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning boosted its stake in Arthur J. Gallagher & Co. by 3.9% in the second quarter. Creative Planning now owns 2,280 shares of the company’s stock valued at $109,000 after buying an additional 85 shares during the last quarter. Mizuho Asset Management Co. Ltd. purchased a new stake in Arthur J. Gallagher & Co. during the second quarter valued at approximately $110,000. Seven Eight Capital LLC purchased a new stake in Arthur J. Gallagher & Co. during the second quarter valued at approximately $114,000. Global X Management Co. LLC purchased a new stake in Arthur J. Gallagher & Co. during the second quarter valued at approximately $125,000. Finally, Washington Trust Bank boosted its stake in Arthur J. Gallagher & Co. by 33.1% in the second quarter. Washington Trust Bank now owns 3,501 shares of the company’s stock valued at $167,000 after buying an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 81.37% of the company’s stock.

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

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.06% during trading on Tuesday, reaching $51.25. 972,484 shares of the company’s stock were exchanged. Arthur J. Gallagher & Co. has a 52-week low of $35.96 and a 52-week high of $52.34. The firm has a market capitalization of $9.12 billion, a P/E ratio of 23.88 and a beta of 1.10. The company has a 50 day moving average of $49.83 and a 200 day moving average of $49.01.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The business earned $1.48 billion during the quarter, compared to the consensus estimate of $388.20 million. Arthur J. Gallagher & Co. had a net margin of 6.88% and a return on equity of 12.86%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Equities analysts anticipate that Arthur J. Gallagher & Co. will post $2.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.97%. Arthur J. Gallagher & Co.’s payout ratio is 71.03%.

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Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Arthur J. Gallagher & Co. from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Wells Fargo & Co. reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, September 27th. Credit Suisse Group AG reissued a “buy” rating and set a $47.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Monday, September 12th. Citigroup Inc. boosted their price objective on shares of Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Barclays PLC boosted their price objective on shares of Arthur J. Gallagher & Co. from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Sunday, October 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $51.69.

In other Arthur J. Gallagher & Co. news, Director Kay W. Mccurdy sold 3,375 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $51.20, for a total value of $172,800.00. Following the completion of the sale, the director now owns 34,470 shares in the company, valued at approximately $1,764,864. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William L. Bax sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $49.80, for a total transaction of $199,200.00. Following the completion of the sale, the director now owns 34,320 shares of the company’s stock, valued at approximately $1,709,136. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is 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. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

5 Day Chart for NYSE:AJG

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