Arthur J Gallagher & Co (AJG) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its stake in Arthur J Gallagher & Co (NYSE:AJG) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 364,604 shares of the financial services provider’s stock after purchasing an additional 3,993 shares during the period. Rhumbline Advisers’ holdings in Arthur J Gallagher & Co were worth $23,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AJG. Oakbrook Investments LLC increased its position in shares of Arthur J Gallagher & Co by 142.5% during the third quarter. Oakbrook Investments LLC now owns 15,740 shares of the financial services provider’s stock worth $969,000 after acquiring an additional 9,250 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of Arthur J Gallagher & Co during the third quarter worth about $5,792,000. Nationwide Fund Advisors increased its position in shares of Arthur J Gallagher & Co by 4.1% during the third quarter. Nationwide Fund Advisors now owns 332,066 shares of the financial services provider’s stock worth $20,439,000 after acquiring an additional 13,068 shares in the last quarter. Doyle Wealth Management bought a new stake in shares of Arthur J Gallagher & Co during the third quarter worth about $203,000. Finally, Calamos Advisors LLC increased its position in shares of Arthur J Gallagher & Co by 3.8% during the third quarter. Calamos Advisors LLC now owns 106,179 shares of the financial services provider’s stock worth $6,535,000 after acquiring an additional 3,892 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Susan E. Pietrucha sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $68.76, for a total transaction of $103,140.00. Following the transaction, the insider now directly owns 1,954 shares in the company, valued at $134,357.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 5,200 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $68.17, for a total transaction of $354,484.00. Following the transaction, the chief financial officer now owns 43,000 shares in the company, valued at $2,931,310. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,366 shares of company stock worth $1,998,142. 1.60% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on the stock. Credit Suisse Group boosted their target price on shares of Arthur J Gallagher & Co from $68.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Wells Fargo & Co reissued a “buy” rating and set a $74.00 target price on shares of Arthur J Gallagher & Co in a research report on Thursday, January 25th. Royal Bank of Canada reissued a “hold” rating and set a $64.00 target price on shares of Arthur J Gallagher & Co in a research report on Friday, December 8th. ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Citigroup boosted their target price on shares of Arthur J Gallagher & Co from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Arthur J Gallagher & Co presently has a consensus rating of “Buy” and an average target price of $72.78.

Arthur J Gallagher & Co (AJG) opened at $68.99 on Friday. Arthur J Gallagher & Co has a twelve month low of $54.50 and a twelve month high of $70.55. The firm has a market cap of $12,360.55, a PE ratio of 22.26, a P/E/G ratio of 1.72 and a beta of 1.24. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.65.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.07. Arthur J Gallagher & Co had a net margin of 7.52% and a return on equity of 13.95%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. analysts predict that Arthur J Gallagher & Co will post 3.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, March 1st. This is a boost from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 2.38%. Arthur J Gallagher & Co’s payout ratio is 61.42%.

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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.

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

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