Flinton Capital Management LLC Sells 1,736 Shares of Arthur J Gallagher & Co (AJG)

Flinton Capital Management LLC reduced its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,504 shares of the financial services provider’s stock after selling 1,736 shares during the period. Flinton Capital Management LLC’s holdings in Arthur J Gallagher & Co were worth $553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Goelzer Investment Management Inc. increased its stake in Arthur J Gallagher & Co by 0.3% during the 4th quarter. Goelzer Investment Management Inc. now owns 62,932 shares of the financial services provider’s stock worth $4,638,000 after buying an additional 160 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Arthur J Gallagher & Co by 4.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,866 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 171 shares during the last quarter. Sigma Investment Counselors Inc. increased its position in shares of Arthur J Gallagher & Co by 0.5% in the 4th quarter. Sigma Investment Counselors Inc. now owns 39,877 shares of the financial services provider’s stock valued at $2,939,000 after purchasing an additional 194 shares during the last quarter. Synovus Financial Corp increased its position in shares of Arthur J Gallagher & Co by 32.2% in the 4th quarter. Synovus Financial Corp now owns 863 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 210 shares during the last quarter. Finally, Private Capital Group LLC increased its position in shares of Arthur J Gallagher & Co by 21.1% in the 4th quarter. Private Capital Group LLC now owns 1,445 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 252 shares during the last quarter. 82.31% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director David S. Johnson sold 5,000 shares of the company’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 in the company, valued at approximately $3,867,541.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Thomas Joseph Gallagher bought 4,000 shares of the stock in a transaction dated Wednesday, December 19th. The stock was bought at an average price of $73.20 per share, with a total value of $292,800.00. Following the acquisition, the vice president now owns 176,958 shares in the company, valued at approximately $12,953,325.60. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 30,100 shares of company stock valued at $2,391,974. Company insiders own 1.60% of the company’s stock.

Shares of NYSE:AJG opened at $79.59 on Friday. Arthur J Gallagher & Co has a 52 week low of $64.54 and a 52 week high of $81.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.03 and a beta of 0.91.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 31st. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. Arthur J Gallagher & Co had a net margin of 9.14% and a return on equity of 14.03%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, research analysts forecast that Arthur J Gallagher & Co will post 3.84 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a $0.43 dividend. This is a boost from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 2.16%. Arthur J Gallagher & Co’s dividend payout ratio is presently 49.86%.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Wells Fargo & Co reissued a “buy” rating and issued a $85.00 price objective on shares of Arthur J Gallagher & Co in a research report on Tuesday, December 11th. Finally, Keefe, Bruyette & Woods downgraded shares of Arthur J Gallagher & Co to a “market perform” rating in a research report on Thursday, December 13th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $79.56.

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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.

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

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