Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,342 shares of the financial services provider’s stock after buying an additional 1,633 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Arthur J. Gallagher & Co. were worth $1,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AJG. Teachers Advisors LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 6.3% in the first quarter. Teachers Advisors LLC now owns 218,768 shares of the financial services provider’s stock worth $12,369,000 after buying an additional 13,032 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Arthur J. Gallagher & Co. by 5.8% in the first quarter. Thrivent Financial For Lutherans now owns 6,745 shares of the financial services provider’s stock worth $380,000 after buying an additional 370 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Arthur J. Gallagher & Co. by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 724,482 shares of the financial services provider’s stock worth $40,963,000 after buying an additional 30,274 shares in the last quarter. Creative Planning lifted its holdings in shares of Arthur J. Gallagher & Co. by 59.6% in the second quarter. Creative Planning now owns 4,106 shares of the financial services provider’s stock worth $235,000 after buying an additional 1,534 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Arthur J. Gallagher & Co. by 10.9% in the second quarter. State of Alaska Department of Revenue now owns 17,545 shares of the financial services provider’s stock worth $1,004,000 after buying an additional 1,729 shares in the last quarter. 81.08% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Susan E. Pietrucha sold 3,601 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $57.78, for a total value of $208,065.78. Following the transaction, the insider now owns 4,055 shares in the company, valued at $234,297.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $63.67, for a total transaction of $95,505.00. Following the completion of the transaction, the director now owns 10,600 shares in the company, valued at approximately $674,902. The disclosure for this sale can be found here. Insiders have sold 15,068 shares of company stock worth $901,391 over the last three months. Insiders own 1.60% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $62.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Friday, August 18th. Barclays PLC raised their target price on shares of Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. raised their target price on shares of Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $59.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $64.38.

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Arthur J. Gallagher & Co. (NYSE:AJG) opened at $64.08 on Monday. The company has a market cap of $11,585.60, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Arthur J. Gallagher & Co. has a one year low of $48.97 and a one year high of $64.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. sell-side analysts predict that Arthur J. Gallagher & Co. will post 2.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.40%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are 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.

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

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