Dynamic Technology Lab Private Ltd reduced its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 45.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,544 shares of the financial services provider’s stock after selling 4,598 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Arthur J. Gallagher & Co. were worth $340,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AJG. Pacer Advisors Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 8.2% during the second quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 261 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth about $202,000. Doyle Wealth Management bought a new position in shares of Arthur J. Gallagher & Co. during the third quarter worth about $203,000. Blair William & Co. IL bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth about $224,000. Finally, Ironwood Investment Counsel LLC bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth about $226,000. 82.57% of the stock is owned by institutional investors.

Several brokerages have recently commented on AJG. ValuEngine cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $62.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Friday, August 18th. Barclays increased their price target on shares of Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Citigroup increased their price target on shares of Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $64.38.

In related news, Director Frank E. Jr. English sold 1,500 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the sale, the director now owns 10,600 shares in the company, valued at $674,902. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Douglas K. Howell sold 9,967 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $59.98, for a total transaction of $597,820.66. Following the sale, the chief financial officer now owns 47,767 shares in the company, valued at approximately $2,865,064.66. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Shares of Arthur J. Gallagher & Co. (NYSE AJG) opened at $66.57 on Friday. The firm has a market cap of $12,035.79, a PE ratio of 22.96, a P/E/G ratio of 2.24 and a beta of 1.23. Arthur J. Gallagher & Co. has a 12 month low of $48.97 and a 12 month high of $67.32. 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. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. Arthur J. Gallagher & Co.’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. analysts expect that Arthur J. Gallagher & Co. will post 2.99 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.56 annualized dividend and a yield of 2.34%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 62.40%.

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Arthur J. Gallagher & Co. Company 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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