American International Group Inc. increased its holdings in Arthur J Gallagher & Co (NYSE:AJG) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 64,720 shares of the financial services provider’s stock after buying an additional 4,033 shares during the quarter. American International Group Inc.’s holdings in Arthur J Gallagher & Co were worth $4,818,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Union Bankshares Corp grew its stake in shares of 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 purchasing an additional 698 shares during the period. Tyers Asset Management LLC lifted its holdings in Arthur J Gallagher & Co by 11.0% in the 2nd quarter. Tyers Asset Management LLC now owns 7,524 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 748 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in 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 purchasing an additional 758 shares in the last quarter. Andesa Financial Management Inc. lifted its holdings in Arthur J Gallagher & Co by 4.0% in the 3rd quarter. Andesa Financial Management Inc. now owns 20,080 shares of the financial services provider’s stock worth $1,496,000 after purchasing an additional 780 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings 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 worth $145,000 after purchasing an additional 895 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

A number of research analysts recently commented on AJG shares. ValuEngine raised Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. William Blair reissued a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, August 16th. Credit Suisse Group set a $84.00 price target on Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Tuesday, September 25th. Wells Fargo & Co reissued a “buy” rating and issued a $85.00 price target on shares of Arthur J Gallagher & Co in a report on Thursday, October 25th. Finally, Morgan Stanley boosted their price target on Arthur J Gallagher & Co from $71.00 to $77.00 and gave the stock a “hold” rating in a report on Wednesday, November 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $78.55.

NYSE AJG opened at $74.52 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 1.09. Arthur J Gallagher & Co has a 12 month low of $62.04 and a 12 month high of $79.03. The company has a market capitalization of $13.98 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.03 and a beta of 1.02.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The business 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, equities analysts forecast that Arthur J Gallagher & Co will post 3.44 earnings per share for the current year.

The company also recently disclosed 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 of this dividend is Thursday, December 6th. This represents a $1.64 annualized dividend and a dividend yield of 2.20%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 53.59%.

In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 3,985 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $75.09, for a total value of $299,233.65. Following the transaction, the general counsel now owns 16,269 shares of the company’s stock, valued at approximately $1,221,639.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William F. Ziebell sold 12,500 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $74.78, for a total value of $934,750.00. Following the completion of the transaction, the vice president now directly owns 16,792 shares in the company, valued at approximately $1,255,705.76. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

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About Arthur J Gallagher & Co

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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