Rothschild Investment Corp IL Has $3.14 Million Stock Position in Arthur J Gallagher & Co (NYSE:AJG)

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Rothschild Investment Corp IL grew its stake in shares of Arthur J Gallagher & Co (NYSE:AJG) by 16.7% during the 3rd quarter, Holdings Channel reports. The firm owned 35,001 shares of the financial services provider’s stock after buying an additional 5,000 shares during the period. Rothschild Investment Corp IL’s holdings in Arthur J Gallagher & Co were worth $3,135,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Arthur J Gallagher & Co by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,650,184 shares of the financial services provider’s stock worth $1,808,749,000 after acquiring an additional 63,734 shares during the period. BlackRock Inc. boosted its stake in shares of Arthur J Gallagher & Co by 1.0% during the 2nd quarter. BlackRock Inc. now owns 19,169,460 shares of the financial services provider’s stock worth $1,679,052,000 after acquiring an additional 185,656 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Arthur J Gallagher & Co by 52.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,432,371 shares of the financial services provider’s stock worth $724,679,000 after acquiring an additional 2,895,732 shares during the period. Invesco Ltd. boosted its stake in shares of Arthur J Gallagher & Co by 51.4% during the 2nd quarter. Invesco Ltd. now owns 4,113,457 shares of the financial services provider’s stock worth $360,298,000 after acquiring an additional 1,397,053 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Arthur J Gallagher & Co by 14.6% during the 2nd quarter. Bank of America Corp DE now owns 1,862,950 shares of the financial services provider’s stock worth $163,176,000 after acquiring an additional 236,745 shares during the period. 81.62% of the stock is currently owned by hedge funds and other institutional investors.

AJG has been the subject of several research analyst reports. SunTrust Banks lifted their target price on 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. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 target price for the company in a research note on Tuesday, July 23rd. Credit Suisse Group reiterated an “outperform” rating and set a $93.00 target price (up from $88.00) on shares of Arthur J Gallagher & Co in a research note on Wednesday, August 7th. Barclays set a $107.00 target price on Arthur J Gallagher & Co and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada set a $90.00 target price on Arthur J Gallagher & Co and gave the stock a “hold” rating in a research note on Friday, July 26th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $91.63.

In related news, insider Susan E. Pietrucha sold 18,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was 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 directly owns 4,967 shares in the company, valued at approximately $448,669.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kay W. Mccurdy sold 2,250 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $92.00, for a total value of $207,000.00. Following the completion of the sale, the director now owns 32,482 shares of the company’s stock, valued at $2,988,344. The disclosure for this sale can be found here. Insiders sold a total of 22,500 shares of company stock valued at $2,037,330 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

AJG traded up $0.55 during trading on Friday, hitting $88.02. The stock had a trading volume of 318,690 shares, compared to its average volume of 830,908. The company has a 50 day moving average price of $88.85 and a 200-day moving average price of $86.46. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 2.48 and a beta of 0.81. Arthur J Gallagher & Co has a one year low of $68.19 and a one year high of $92.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.07 and a quick ratio of 1.07.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.76 billion. Arthur J Gallagher & Co had a return on equity of 14.19% and a net margin of 9.77%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. As a group, sell-side analysts predict that Arthur J Gallagher & Co will post 3.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.43 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.72 annualized dividend and a yield of 1.95%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

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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