Arthur J Gallagher & Co (NYSE:AJG) Shares Bought by Bollard Group LLC

Bollard Group LLC grew its position in Arthur J Gallagher & Co (NYSE:AJG) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,048 shares of the financial services provider’s stock after purchasing an additional 1,589 shares during the quarter. Bollard Group LLC’s holdings in Arthur J Gallagher & Co were worth $3,040,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AJG. Janus Henderson Group PLC grew its position in shares of Arthur J Gallagher & Co by 8,471.3% in the second quarter. Janus Henderson Group PLC now owns 1,852,944 shares of the financial services provider’s stock valued at $106,081,000 after purchasing an additional 1,831,326 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Arthur J Gallagher & Co by 927.7% in the second quarter. Renaissance Technologies LLC now owns 408,000 shares of the financial services provider’s stock valued at $23,358,000 after buying an additional 368,300 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of Arthur J Gallagher & Co by 27.6% in the third quarter. Westfield Capital Management Co. LP now owns 1,349,368 shares of the financial services provider’s stock valued at $83,054,000 after buying an additional 291,510 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Arthur J Gallagher & Co by 8.0% in the third quarter. Victory Capital Management Inc. now owns 3,885,066 shares of the financial services provider’s stock valued at $239,126,000 after buying an additional 286,471 shares during the period. Finally, W. E. Donoghue & Co. LLC bought a new stake in shares of Arthur J Gallagher & Co in the second quarter valued at approximately $15,660,000. 81.49% of the stock is currently owned by institutional investors.

AJG has been the subject of several recent research reports. Wells Fargo & Co set a $74.00 price target on Arthur J Gallagher & Co and gave the company a “buy” rating in a research note on Friday, December 8th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $77.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, December 22nd. SunTrust Banks reiterated a “buy” rating and issued a $75.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $64.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, December 8th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Arthur J Gallagher & Co presently has an average rating of “Buy” and a consensus price target of $71.44.

Shares of Arthur J Gallagher & Co (NYSE AJG) opened at $66.21 on Tuesday. The firm has a market capitalization of $11,756.67, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.64 and a beta of 1.24. Arthur J Gallagher & Co has a 1-year low of $54.50 and a 1-year high of $70.55. The company has a quick ratio of 1.08, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.07. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. Arthur J Gallagher & Co’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. equities analysts anticipate that Arthur J Gallagher & Co will post 3.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.48%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, March 1st. Arthur J Gallagher & Co’s dividend payout ratio is presently 61.42%.

In other Arthur J Gallagher & Co news, VP Scott R. Hudson sold 7,600 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.29, for a total transaction of $496,204.00. Following the completion of the sale, the vice president now directly owns 25,027 shares in the company, valued at approximately $1,634,012.83. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas Joseph Gallagher sold 11,500 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $69.80, for a total value of $802,700.00. Following the sale, the vice president now owns 176,305 shares of the company’s stock, valued at $12,306,089. The disclosure for this sale can be found here. Insiders sold 20,600 shares of company stock valued at $1,404,129 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

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About Arthur J Gallagher & Co

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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