Commerce Bank raised its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,074 shares of the financial services provider’s stock after purchasing an additional 10,045 shares during the quarter. Commerce Bank owned approximately 0.07% of Arthur J. Gallagher & Co. worth $8,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Arthur J. Gallagher & Co. by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock valued at $1,039,067,000 after purchasing an additional 571,235 shares during the last quarter. BlackRock Inc. raised its position in shares of Arthur J. Gallagher & Co. by 1.3% during the second quarter. BlackRock Inc. now owns 14,173,361 shares of the financial services provider’s stock worth $811,425,000 after acquiring an additional 187,329 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Arthur J. Gallagher & Co. by 8.0% during the third quarter. Victory Capital Management Inc. now owns 3,885,066 shares of the financial services provider’s stock worth $239,126,000 after acquiring an additional 286,471 shares during the last quarter. Epoch Investment Partners Inc. raised its position in shares of Arthur J. Gallagher & Co. by 7.9% during the second quarter. Epoch Investment Partners Inc. now owns 2,758,657 shares of the financial services provider’s stock worth $157,933,000 after acquiring an additional 201,141 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 785.9% during the second quarter. Citadel Advisors LLC now owns 2,362,782 shares of the financial services provider’s stock worth $135,269,000 after acquiring an additional 2,096,062 shares during the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.

AJG has been the subject of a number of recent research reports. Wells Fargo & Company restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, July 27th. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, August 18th. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Royal Bank Of Canada reaffirmed 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. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Arthur J. Gallagher & Co. has an average rating of “Buy” and a consensus target price of $64.38.

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

Arthur J. Gallagher & Co. (NYSE AJG) traded up $0.50 during trading hours on Friday, reaching $65.83. The company’s stock had a trading volume of 1,333,700 shares, compared to its average volume of 816,691. Arthur J. Gallagher & Co. has a 1 year low of $48.97 and a 1 year high of $65.94. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $11,815.21, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22.

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. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.62%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. equities analysts expect that Arthur J. Gallagher & Co. will post 2.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.37%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 62.40%.

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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