Arthur J. Gallagher & Co. (AJG) Holdings Raised by Bessemer Group Inc.

Bessemer Group Inc. raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,402 shares of the financial services provider’s stock after acquiring an additional 1,768 shares during the period. Bessemer Group Inc. owned approximately 0.05% of Arthur J. Gallagher & Co. worth $5,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Swiss National Bank boosted its stake in Arthur J. Gallagher & Co. by 1.5% in the third quarter. Swiss National Bank now owns 660,685 shares of the financial services provider’s stock valued at $40,665,000 after acquiring an additional 10,000 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its stake in Arthur J. Gallagher & Co. by 5.0% in the third quarter. Morgan Dempsey Capital Management LLC now owns 72,347 shares of the financial services provider’s stock valued at $4,448,000 after acquiring an additional 3,440 shares in the last quarter. Bank of Hawaii acquired a new stake in Arthur J. Gallagher & Co. in the third quarter valued at approximately $356,000. Principal Financial Group Inc. boosted its stake in Arthur J. Gallagher & Co. by 0.3% in the third quarter. Principal Financial Group Inc. now owns 1,246,756 shares of the financial services provider’s stock valued at $76,739,000 after acquiring an additional 4,272 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Arthur J. Gallagher & Co. by 0.4% in the third quarter. Prudential Financial Inc. now owns 248,738 shares of the financial services provider’s stock valued at $15,310,000 after acquiring an additional 870 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

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Arthur J. Gallagher & Co. (NYSE AJG) opened at $64.08 on Friday. The stock has a market cap of $11,585.60, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.16 and a beta of 1.22. Arthur J. Gallagher & Co. has a 1 year low of $48.97 and a 1 year high of $64.45. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.43%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 62.40%.

Several research firms have recently commented on AJG. Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Credit Suisse Group lifted their price objective on shares of Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Barclays PLC lifted their price objective on shares of Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Royal Bank Of Canada reiterated a “hold” rating and set a $59.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, October 10th. Finally, Deutsche Bank AG downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $64.38.

In related news, Director Frank E. Jr. English sold 1,500 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the completion of the transaction, the director now directly owns 10,600 shares in the company, valued at $674,902. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas K. Howell sold 9,967 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $59.98, for a total transaction of $597,820.66. Following the transaction, the chief financial officer now owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The disclosure for this sale can be found here. Insiders have sold 15,068 shares of company stock valued at $901,391 over the last 90 days. 1.60% of the stock is currently owned by insiders.

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.

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

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