Russell Investments Group Ltd. raised its stake in shares of Arthur J Gallagher & Co (NYSE:AJG) by 0.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 225,417 shares of the financial services provider’s stock after acquiring an additional 1,480 shares during the period. Russell Investments Group Ltd.’s holdings in Arthur J Gallagher & Co were worth $16,782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Union Bankshares Corp lifted its stake in Arthur J Gallagher & Co by 1.7% during the 3rd quarter. Union Bankshares Corp now owns 42,082 shares of the financial services provider’s stock valued at $3,132,000 after acquiring an additional 698 shares during the period. Tompkins Financial Corp lifted its stake in Arthur J Gallagher & Co by 1.7% during the 2nd quarter. Tompkins Financial Corp now owns 43,562 shares of the financial services provider’s stock valued at $2,843,000 after acquiring an additional 735 shares during the period. Tyers Asset Management LLC increased its position in shares of Arthur J Gallagher & Co by 11.0% during the 2nd quarter. Tyers Asset Management LLC now owns 7,524 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 748 shares during the last quarter. Eastern Bank increased its position in shares of Arthur J Gallagher & Co by 2.6% during the 2nd quarter. Eastern Bank now owns 29,290 shares of the financial services provider’s stock valued at $1,912,000 after purchasing an additional 753 shares during the last quarter. Finally, Dupont Capital Management Corp increased its position in shares of Arthur J Gallagher & Co by 92.3% during the 2nd quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 758 shares during the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

AJG has been the subject of several research reports. Credit Suisse Group set a $84.00 price target on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Tuesday, September 25th. Wells Fargo & Co reaffirmed a “buy” rating and set a $78.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, July 27th. William Blair reaffirmed a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, August 16th. ValuEngine raised shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, July 26th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $78.20.

In related news, General Counsel Walter D. Bay sold 9,100 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $71.95, for a total value of $654,745.00. Following the completion of the sale, the general counsel now directly owns 26,369 shares of the company’s stock, valued at approximately $1,897,249.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Walter D. Bay sold 3,985 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $75.09, for a total transaction of $299,233.65. Following the completion of the sale, the general counsel now directly owns 16,269 shares of the company’s stock, valued at $1,221,639.21. The disclosure for this sale can be found here. Insiders sold a total of 40,252 shares of company stock valued at $2,944,259 over the last three months. 1.60% of the stock is currently owned by insiders.

NYSE AJG opened at $78.05 on Friday. Arthur J Gallagher & Co has a 52 week low of $62.04 and a 52 week high of $78.37. The stock has a market cap of $14.13 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.68.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. Arthur J Gallagher & Co had a net margin of 9.04% and a return on equity of 15.50%. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.69 billion. Sell-side analysts forecast that Arthur J Gallagher & Co will post 3.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, December 6th. Arthur J Gallagher & Co’s dividend payout ratio is 53.59%.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.dailypolitical.com/2018/11/10/arthur-j-gallagher-co-ajg-shares-bought-by-russell-investments-group-ltd.html.

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.

Read More: The benefits and drawbacks of dollar cost averaging

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J Gallagher & Co (NYSE:AJG).

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

Receive News & Ratings for Arthur J Gallagher & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J Gallagher & Co and related companies with MarketBeat.com's FREE daily email newsletter.