Arthur J Gallagher & Co (AJG) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

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Los Angeles Capital Management & Equity Research Inc. increased its stake in Arthur J Gallagher & Co (NYSE:AJG) by 943.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,990 shares of the financial services provider’s stock after purchasing an additional 255,875 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.15% of Arthur J Gallagher & Co worth $21,066,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AJG. Principal Financial Group Inc. raised its position in Arthur J Gallagher & Co by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,207,870 shares of the financial services provider’s stock worth $83,016,000 after purchasing an additional 10,705 shares during the last quarter. DnB Asset Management AS grew its holdings in Arthur J Gallagher & Co by 8.9% during the 2nd quarter. DnB Asset Management AS now owns 24,400 shares of the financial services provider’s stock worth $1,593,000 after acquiring an additional 2,000 shares during the period. IFM Investors Pty Ltd grew its holdings in Arthur J Gallagher & Co by 45.5% during the 2nd quarter. IFM Investors Pty Ltd now owns 9,221 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 2,882 shares during the period. Atria Investments LLC grew its holdings in Arthur J Gallagher & Co by 20.8% during the 2nd quarter. Atria Investments LLC now owns 6,277 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 1,081 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Arthur J Gallagher & Co during the 2nd quarter worth $291,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

In other news, General Counsel Walter D. Bay sold 9,100 shares of the business’s stock in a transaction 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 transaction, the general counsel now owns 26,369 shares of the company’s stock, valued at approximately $1,897,249.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank E. Jr. English sold 2,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $72.07, for a total transaction of $144,140.00. Following the completion of the transaction, the director now directly owns 8,400 shares of the company’s stock, valued at approximately $605,388. 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 in the last three months. 1.60% of the stock is owned by company insiders.

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

AJG opened at $78.05 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 1.09. Arthur J Gallagher & Co has a 52 week low of $62.04 and a 52 week high of $78.37. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00.

Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates 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. Equities analysts expect 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 $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, December 6th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 53.59%.

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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.

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

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