Steward Partners Investment Advisory LLC raised its stake in Arthur J Gallagher & Co (NYSE:AJG) by 20.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164 shares of the financial services provider’s stock after acquiring an additional 199 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Arthur J Gallagher & Co were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new stake in shares of Arthur J Gallagher & Co during the second quarter worth about $36,000. Commonwealth Bank of Australia boosted its stake in shares of Arthur J Gallagher & Co by 35.6% during the second quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock worth $40,000 after buying an additional 126 shares during the period. CSat Investment Advisory L.P. boosted its stake in shares of Arthur J Gallagher & Co by 106.5% during the second quarter. CSat Investment Advisory L.P. now owns 537 shares of the financial services provider’s stock worth $47,000 after buying an additional 277 shares during the period. Quest Capital Management Inc. ADV acquired a new stake in shares of Arthur J Gallagher & Co during the third quarter worth about $57,000. Finally, Pathstone Family Office LLC boosted its stake in shares of Arthur J Gallagher & Co by 109.3% during the second quarter. Pathstone Family Office LLC now owns 722 shares of the financial services provider’s stock worth $64,000 after buying an additional 377 shares during the period. Institutional investors own 81.46% of the company’s stock.

Shares of AJG opened at $91.15 on Friday. Arthur J Gallagher & Co has a fifty-two week low of $68.19 and a fifty-two week high of $92.74. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 2.52 and a beta of 0.80. The firm has a 50-day simple moving average of $89.29 and a 200-day simple moving average of $88.02. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.05 and a current ratio of 1.05.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. Arthur J Gallagher & Co had a net margin of 9.69% and a return on equity of 14.38%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Equities research analysts forecast that Arthur J Gallagher & Co will post 3.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.72 dividend on an annualized basis and a yield of 1.89%. Arthur J Gallagher & Co’s payout ratio is currently 49.86%.

Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada set a $91.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a research note on Friday, October 25th. SunTrust Banks increased their target price on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley increased their target price on shares of Arthur J Gallagher & Co from $93.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Barclays set a $107.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a research note on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Arthur J Gallagher & Co presently has a consensus rating of “Hold” and an average price target of $95.86.

In related news, insider Susan E. Pietrucha sold 18,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $90.33, for a total value of $1,625,940.00. Following the completion of the sale, the insider now owns 4,967 shares in the company, valued at $448,669.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kay W. Mccurdy sold 2,250 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $90.84, for a total transaction of $204,390.00. Following the completion of the sale, the director now owns 30,232 shares of the company’s stock, valued at approximately $2,746,274.88. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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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