Segall Bryant & Hamill LLC increased its stake in Arthur J Gallagher & Co (NYSE:AJG) by 13.3% in the 4th quarter, HoldingsChannel reports. The fund owned 8,692 shares of the financial services provider’s stock after acquiring an additional 1,018 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Arthur J Gallagher & Co were worth $641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AJG. Goelzer Investment Management Inc. grew its holdings in shares of Arthur J Gallagher & Co by 0.3% during the fourth quarter. Goelzer Investment Management Inc. now owns 62,932 shares of the financial services provider’s stock worth $4,638,000 after buying an additional 160 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Arthur J Gallagher & Co by 4.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 3,866 shares of the financial services provider’s stock worth $285,000 after buying an additional 171 shares in the last quarter. Sigma Investment Counselors Inc. grew its holdings in shares of Arthur J Gallagher & Co by 0.5% during the fourth quarter. Sigma Investment Counselors Inc. now owns 39,877 shares of the financial services provider’s stock worth $2,939,000 after buying an additional 194 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Arthur J Gallagher & Co by 32.2% during the fourth quarter. Synovus Financial Corp now owns 863 shares of the financial services provider’s stock worth $63,000 after buying an additional 210 shares in the last quarter. Finally, Private Capital Group LLC grew its holdings in shares of Arthur J Gallagher & Co by 21.1% during the fourth quarter. Private Capital Group LLC now owns 1,445 shares of the financial services provider’s stock worth $106,000 after buying an additional 252 shares in the last quarter. 83.05% of the stock is owned by institutional investors.

In other Arthur J Gallagher & Co news, Director David S. Johnson sold 5,000 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $79.37, for a total value of $396,850.00. Following the transaction, the director now owns 48,728 shares of the company’s stock, valued at $3,867,541.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Walter D. Bay sold 13,800 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $80.00, for a total transaction of $1,104,000.00. Following the completion of the transaction, the general counsel now directly owns 26,084 shares in the company, valued at approximately $2,086,720. The disclosure for this sale can be found here. Insiders sold 43,700 shares of company stock worth $3,470,046 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Shares of AJG stock opened at $78.10 on Friday. Arthur J Gallagher & Co has a twelve month low of $64.54 and a twelve month high of $81.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $14.47 billion, a PE ratio of 22.64, a PEG ratio of 2.08 and a beta of 0.91.

Arthur J Gallagher & Co (NYSE:AJG) last posted its earnings results on Thursday, January 31st. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. Arthur J Gallagher & Co had a net margin of 9.14% and a return on equity of 14.03%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. As a group, analysts forecast that Arthur J Gallagher & Co will post 3.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 2.20%. This is a boost from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. Arthur J Gallagher & Co’s dividend payout ratio is presently 49.86%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Wells Fargo & Co reaffirmed a “buy” rating and set a $85.00 target price on shares of Arthur J Gallagher & Co in a report on Tuesday, December 11th. Finally, Keefe, Bruyette & Woods cut shares of Arthur J Gallagher & Co to a “market perform” rating in a research report on Thursday, December 13th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Arthur J Gallagher & Co currently has a consensus rating of “Buy” and an average price target of $80.63.

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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.

See Also: Outstanding Shares

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

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