Chevy Chase Trust Holdings Inc. grew its stake in shares of Arthur J Gallagher & Co (NYSE:AJG) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,715 shares of the financial services provider’s stock after purchasing an additional 2,516 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Arthur J Gallagher & Co worth $9,708,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Segall Bryant & Hamill LLC bought a new position in shares of Arthur J Gallagher & Co during the third quarter valued at approximately $271,000. Allianz Asset Management GmbH bought a new position in shares of Arthur J Gallagher & Co during the third quarter valued at approximately $1,198,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Arthur J Gallagher & Co by 7.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 26,822 shares of the financial services provider’s stock valued at $1,651,000 after purchasing an additional 1,961 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Arthur J Gallagher & Co by 23.3% during the third quarter. Envestnet Asset Management Inc. now owns 17,193 shares of the financial services provider’s stock valued at $1,057,000 after purchasing an additional 3,251 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Arthur J Gallagher & Co by 12.9% in the 3rd quarter. Private Advisor Group LLC now owns 8,705 shares of the financial services provider’s stock worth $536,000 after buying an additional 995 shares in the last quarter. 82.55% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on AJG. Wells Fargo & Company set a $74.00 price objective on Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 price objective on shares of Arthur J Gallagher & Co in a report on Friday, August 18th. Zacks Investment Research lowered Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $64.00 price objective on shares of Arthur J Gallagher & Co in a report on Friday, December 8th. Finally, Barclays increased their price objective on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $66.00.

Arthur J Gallagher & Co (AJG) opened at $63.69 on Friday. Arthur J Gallagher & Co has a fifty-two week low of $50.23 and a fifty-two week high of $67.32. The stock has a market capitalization of $11,612.72, a P/E ratio of 22.15, a P/E/G ratio of 2.16 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.45%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 62.40%.

In other Arthur J Gallagher & Co news, Director Frank E. Jr. English sold 1,500 shares of the company’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 value of $95,505.00. Following the completion of the sale, the director now directly owns 10,600 shares in the company, valued at $674,902. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 7,600 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $65.29, for a total value of $496,204.00. Following the completion of the sale, the vice president now owns 25,027 shares of the company’s stock, valued at $1,634,012.83. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

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Arthur J Gallagher & Co 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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