Arthur J Gallagher & Co (NYSE:AJG) Shares Purchased by First Business Financial Services Inc.

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First Business Financial Services Inc. increased its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,819 shares of the financial services provider’s stock after acquiring an additional 170 shares during the period. First Business Financial Services Inc.’s holdings in Arthur J Gallagher & Co were worth $879,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Arthur J Gallagher & Co by 59.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 211,330 shares of the financial services provider’s stock valued at $16,504,000 after acquiring an additional 78,599 shares during the last quarter. Cox Capital Mgt LLC grew its position in shares of Arthur J Gallagher & Co by 2.7% in the 2nd quarter. Cox Capital Mgt LLC now owns 19,329 shares of the financial services provider’s stock worth $1,693,000 after acquiring an additional 503 shares in the last quarter. Thomasville National Bank grew its position in shares of Arthur J Gallagher & Co by 1.4% in the 2nd quarter. Thomasville National Bank now owns 159,560 shares of the financial services provider’s stock worth $13,976,000 after acquiring an additional 2,216 shares in the last quarter. Dorsey Wright & Associates grew its position in shares of Arthur J Gallagher & Co by 0.9% in the 2nd quarter. Dorsey Wright & Associates now owns 74,523 shares of the financial services provider’s stock worth $6,527,000 after acquiring an additional 670 shares in the last quarter. Finally, KAMES CAPITAL plc grew its position in shares of Arthur J Gallagher & Co by 24.8% in the 2nd quarter. KAMES CAPITAL plc now owns 19,771 shares of the financial services provider’s stock worth $1,731,000 after acquiring an additional 3,931 shares in the last quarter. 81.46% of the stock is currently owned by hedge funds and other institutional investors.

In other 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 sale, the insider now owns 4,967 shares of the company’s stock, valued at approximately $448,669.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kay W. Mccurdy sold 2,250 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $90.84, for a total value of $204,390.00. Following the completion of the sale, the director now directly owns 30,232 shares in the company, valued at approximately $2,746,274.88. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Shares of NYSE AJG traded up $0.10 during mid-day trading on Friday, hitting $91.15. The company had a trading volume of 558,982 shares, compared to its average volume of 983,349. The firm’s 50 day simple moving average is $89.29 and its two-hundred day simple moving average is $88.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 2.52 and a beta of 0.80. Arthur J Gallagher & Co has a 12 month low of $68.19 and a 12 month high of $92.74.

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, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. Arthur J Gallagher & Co had a return on equity of 14.38% and a net margin of 9.69%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. Equities analysts forecast that Arthur J Gallagher & Co will post 3.63 earnings per share for the current year.

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

Several analysts recently issued reports on the company. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada set a $91.00 price target on Arthur J Gallagher & Co and gave the stock a “hold” rating in a report on Friday, October 25th. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target on the stock in a report on Tuesday, July 23rd. Credit Suisse Group reissued an “outperform” rating and issued a $93.00 price target (up previously from $88.00) on shares of Arthur J Gallagher & Co in a report on Wednesday, August 7th. Finally, Morgan Stanley raised their price target on Arthur J Gallagher & Co from $93.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Arthur J Gallagher & Co currently has a consensus rating of “Hold” and an average price target of $95.86.

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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