Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 15.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,575 shares of the financial services provider’s stock after purchasing an additional 6,836 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Arthur J. Gallagher & Co. were worth $3,113,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AJG. Thrivent Financial For Lutherans boosted its position in Arthur J. Gallagher & Co. by 5.8% during the first quarter. Thrivent Financial For Lutherans now owns 6,745 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 370 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Arthur J. Gallagher & Co. by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 724,482 shares of the financial services provider’s stock valued at $40,963,000 after purchasing an additional 30,274 shares during the last quarter. Creative Planning boosted its position in Arthur J. Gallagher & Co. by 59.6% during the second quarter. Creative Planning now owns 4,106 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 1,534 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Arthur J. Gallagher & Co. by 510.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 28,984 shares of the financial services provider’s stock valued at $1,659,000 after purchasing an additional 24,234 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Arthur J. Gallagher & Co. by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock valued at $635,000 after purchasing an additional 100 shares during the last quarter. 81.09% of the stock is owned by hedge funds and other institutional investors.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at $65.97 on Monday. The firm has a market capitalization of $11,930.00, a P/E ratio of 22.75, a P/E/G ratio of 2.22 and a beta of 1.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08. Arthur J. Gallagher & Co. has a fifty-two week low of $48.97 and a fifty-two week high of $66.12.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.56 annualized dividend and a yield of 2.36%. Arthur J. Gallagher & Co.’s payout ratio is currently 62.15%.

Several research analysts recently commented on AJG shares. Wells Fargo & Company reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, July 27th. BidaskClub raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Friday, August 18th. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $59.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $64.38.

In related news, CFO Douglas K. Howell sold 9,967 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $59.98, for a total transaction of $597,820.66. Following the completion of the sale, the chief financial officer now directly owns 47,767 shares of the company’s stock, valued at approximately $2,865,064.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Susan E. Pietrucha sold 3,601 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $57.78, for a total value of $208,065.78. Following the sale, the insider now directly owns 4,055 shares of the company’s stock, valued at $234,297.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,068 shares of company stock valued at $901,391. 1.60% of the stock is currently owned by 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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