Robeco Institutional Asset Management B.V. grew its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 1.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 76,339 shares of the financial services provider’s stock after acquiring an additional 1,200 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Arthur J Gallagher & Co were worth $5,961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Citigroup Inc. grew its stake in Arthur J Gallagher & Co by 15.2% in the 4th quarter. Citigroup Inc. now owns 44,589 shares of the financial services provider’s stock worth $3,285,000 after acquiring an additional 5,886 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Arthur J Gallagher & Co by 11.1% in the 1st quarter. IFM Investors Pty Ltd now owns 12,609 shares of the financial services provider’s stock worth $985,000 after acquiring an additional 1,258 shares in the last quarter. Sciencast Management LP bought a new position in Arthur J Gallagher & Co in the 1st quarter worth about $2,293,000. United Services Automobile Association grew its stake in Arthur J Gallagher & Co by 50.0% in the 4th quarter. United Services Automobile Association now owns 560,358 shares of the financial services provider’s stock worth $41,298,000 after acquiring an additional 186,687 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Arthur J Gallagher & Co by 10.6% in the 4th quarter. Legal & General Group Plc now owns 1,069,836 shares of the financial services provider’s stock worth $78,781,000 after acquiring an additional 102,367 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

A number of brokerages have commented on AJG. Barclays upped their target price on shares of Arthur J Gallagher & Co from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. SunTrust Banks increased their price objective on shares of Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Morgan Stanley increased their price objective on shares of Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th. Wells Fargo & Co reiterated a “buy” rating and set a $85.00 price objective on shares of Arthur J Gallagher & Co in a research note on Thursday, January 31st. Finally, Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $84.22.

In other Arthur J Gallagher & Co news, Director David S. Johnson sold 5,000 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $79.37, for a total value of $396,850.00. Following the completion of the transaction, the director now owns 48,728 shares of the company’s stock, valued at $3,867,541.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Richard C. Cary sold 6,134 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $83.48, for a total transaction of $512,066.32. Following the completion of the transaction, the chief accounting officer now directly owns 35,193 shares of the company’s stock, valued at approximately $2,937,911.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,534 shares of company stock valued at $3,963,150. 1.30% of the stock is owned by insiders.

Shares of AJG opened at $82.48 on Thursday. The company has a market capitalization of $15.18 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.23 and a beta of 0.92. Arthur J Gallagher & Co has a twelve month low of $64.54 and a twelve month high of $84.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.12 and a quick ratio of 1.12.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, April 25th. The financial services provider reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.02. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. Arthur J Gallagher & Co had a net margin of 9.79% and a return on equity of 14.33%. Arthur J Gallagher & Co’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $1.52 earnings per share. On average, equities analysts predict that Arthur J Gallagher & Co will post 3.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.43 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.72 annualized dividend and a yield of 2.09%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 49.86%.

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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.

Further Reading: S&P 500 Index

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

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