Arthur J Gallagher & Co (AJG) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Arthur J Gallagher & Co (NYSE:AJG) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 750,592 shares of the financial services provider’s stock after purchasing an additional 7,115 shares during the quarter. Dimensional Fund Advisors LP owned 0.42% of Arthur J Gallagher & Co worth $46,199,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Boston Investment Management Inc. purchased a new stake in shares of Arthur J Gallagher & Co in the third quarter valued at approximately $201,000. Doyle Wealth Management purchased a new stake in shares of Arthur J Gallagher & Co in the third quarter valued at approximately $203,000. Pacer Advisors Inc. increased its position in shares of Arthur J Gallagher & Co by 8.2% in the second quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock valued at $197,000 after buying an additional 261 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Arthur J Gallagher & Co in the second quarter valued at approximately $202,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new stake in shares of Arthur J Gallagher & Co in the third quarter valued at approximately $218,000. 82.52% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on AJG shares. Wells Fargo & Co reiterated a “buy” rating and set a $66.00 price target on shares of Arthur J Gallagher & Co in a research report on Sunday, September 17th. Zacks Investment Research cut Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Deutsche Bank cut Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a report on Wednesday, October 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $59.00 price target on shares of Arthur J Gallagher & Co in a research note on Tuesday, October 10th. Finally, Barclays upped their price target on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $68.11.

In other news, Director Frank E. Jr. English sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $63.67, for a total value of $95,505.00. Following the completion of the sale, the director now directly owns 10,600 shares of the company’s stock, valued at approximately $674,902. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott R. Hudson sold 7,600 shares of Arthur J Gallagher & Co stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.29, for a total value of $496,204.00. Following the transaction, the vice president now directly owns 25,027 shares of the company’s stock, valued at $1,634,012.83. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Arthur J Gallagher & Co (AJG) opened at $63.88 on Monday. Arthur J Gallagher & Co has a 1-year low of $52.14 and a 1-year high of $67.32. The company has a market capitalization of $11,549.44, a PE ratio of 25.55, a PEG ratio of 1.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Arthur J Gallagher & Co had a return on equity of 13.56% and a net margin of 7.62%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. sell-side analysts forecast that Arthur J Gallagher & Co will post 2.99 earnings per share for the current year.

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Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

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

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