Martingale Asset Management L P lowered its stake in Arthur J Gallagher & Co (NYSE:AJG) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 567,482 shares of the financial services provider’s stock after selling 5,397 shares during the period. Martingale Asset Management L P owned 0.31% of Arthur J Gallagher & Co worth $42,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AJG. Cutler Group LP purchased a new stake in shares of Arthur J Gallagher & Co in the 3rd quarter worth approximately $101,000. Dupont Capital Management Corp grew its stake in shares of Arthur J Gallagher & Co by 92.3% in the 2nd quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock worth $103,000 after buying an additional 758 shares during the last quarter. Braun Bostich & Associates Inc. grew its stake in shares of Arthur J Gallagher & Co by 528.7% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,773 shares of the financial services provider’s stock worth $116,000 after buying an additional 1,491 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Arthur J Gallagher & Co in the 2nd quarter valued at approximately $127,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Arthur J Gallagher & Co by 84.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,953 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 895 shares in the last quarter. Institutional investors own 83.30% of the company’s stock.

Several equities analysts recently issued reports on the company. Citigroup set a $78.00 price objective on Arthur J Gallagher & Co and gave the company a “hold” rating in a research report on Friday, October 12th. Barclays upped their price objective on Arthur J Gallagher & Co from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday, November 12th. Morgan Stanley upped their price objective on Arthur J Gallagher & Co from $71.00 to $77.00 and gave the company a “hold” rating in a research report on Wednesday, November 14th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Arthur J Gallagher & Co in a research report on Thursday, October 25th. Finally, Credit Suisse Group set a $84.00 price objective on Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Tuesday, September 25th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.55.

AJG stock opened at $78.32 on Tuesday. The company has a market capitalization of $14.39 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. Arthur J Gallagher & Co has a 12-month low of $62.04 and a 12-month high of $79.03. The company has a current ratio of 1.09, a quick 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 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Arthur J Gallagher & Co had a return on equity of 15.50% and a net margin of 9.04%. As a group, analysts forecast that Arthur J Gallagher & Co will post 3.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, December 6th. This represents a $1.64 annualized dividend and a dividend yield of 2.09%. Arthur J Gallagher & Co’s payout ratio is 53.59%.

In other news, General Counsel Walter D. Bay sold 3,985 shares of the stock in a transaction 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 transaction, the general counsel now directly owns 16,269 shares of the company’s stock, valued at approximately $1,221,639.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank E. Jr. English sold 2,000 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $72.07, for a total value of $144,140.00. Following the transaction, the director now directly owns 8,400 shares in the company, valued at $605,388. The disclosure for this sale can be found here. Insiders have sold a total of 18,485 shares of company stock worth $1,378,124 over the last three months. Insiders own 1.60% of the company’s stock.

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Arthur J Gallagher & Co Company 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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