American Century Companies Inc. trimmed its stake in Arthur J Gallagher & Co (NYSE:AJG) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,413,246 shares of the financial services provider’s stock after selling 107,980 shares during the quarter. American Century Companies Inc.’s holdings in Arthur J Gallagher & Co were worth $89,430,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. National Asset Management Inc. grew its stake in Arthur J Gallagher & Co by 0.7% in the second quarter. National Asset Management Inc. now owns 4,881 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 33 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in Arthur J Gallagher & Co by 2.0% in the second quarter. Thrivent Financial For Lutherans now owns 6,880 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 135 shares in the last quarter. Sentry Investment Management LLC grew its stake in Arthur J Gallagher & Co by 1.0% in the second quarter. Sentry Investment Management LLC now owns 13,386 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 137 shares in the last quarter. Oakworth Capital Inc. grew its stake in Arthur J Gallagher & Co by 49.6% in the fourth quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 806 shares in the last quarter. Finally, Charter Trust Co. grew its stake in Arthur J Gallagher & Co by 8.9% in the fourth quarter. Charter Trust Co. now owns 10,073 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 82.04% of the company’s stock.

A number of research analysts have weighed in on the company. Citigroup raised their price target on Arthur J Gallagher & Co from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Co restated a “buy” rating and issued a $74.00 price target on shares of Arthur J Gallagher & Co in a research note on Thursday, January 25th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Barclays lifted their target price on 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. Finally, ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.44.

In related news, General Counsel Walter D. Bay sold 1,500 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.15, for a total value of $105,225.00. Following the completion of the sale, the general counsel now directly owns 13,284 shares in the company, valued at approximately $931,872.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 7,600 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.29, for a total value of $496,204.00. Following the completion of the sale, the vice president now owns 25,027 shares of the company’s stock, valued at $1,634,012.83. The disclosure for this sale can be found here. Insiders have sold a total of 20,600 shares of company stock valued at $1,404,129 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Arthur J Gallagher & Co (AJG) opened at $64.94 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 1.05. Arthur J Gallagher & Co has a one year low of $54.47 and a one year high of $70.55. The company has a market capitalization of $11,740.00, a P/E ratio of 25.57, a PEG ratio of 1.67 and a beta of 1.24.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $0.66 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. research analysts anticipate that Arthur J Gallagher & Co will post 3.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.41 per share. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, March 1st. Arthur J Gallagher & Co’s payout ratio is currently 61.42%.

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Arthur J Gallagher & Co 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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