California Public Employees Retirement System grew its stake in Arthur J Gallagher & Co (NYSE:AJG) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 372,593 shares of the financial services provider’s stock after buying an additional 35,093 shares during the quarter. California Public Employees Retirement System owned approximately 0.21% of Arthur J Gallagher & Co worth $22,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Private Advisory Group LLC increased its position in Arthur J Gallagher & Co by 0.7% in the second quarter. Private Advisory Group LLC now owns 4,779 shares of the financial services provider’s stock worth $274,000 after buying an additional 32 shares in the last quarter. National Asset Management Inc. grew its position in shares of Arthur J Gallagher & Co by 0.7% during the second quarter. National Asset Management Inc. now owns 4,881 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 33 shares in the last quarter. Veritable L.P. grew its position in shares of Arthur J Gallagher & Co by 0.8% during the second quarter. Veritable L.P. now owns 4,333 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 33 shares in the last quarter. Mariner Wealth Advisors LLC grew its position in shares of Arthur J Gallagher & Co by 1.2% during the second quarter. Mariner Wealth Advisors LLC now owns 4,559 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 56 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Arthur J Gallagher & Co by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,334 shares of the financial services provider’s stock worth $763,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

AJG has been the subject of several research analyst reports. Wells Fargo & Company reiterated a “buy” rating and set a $66.00 target price on shares of Arthur J Gallagher & Co in a research report on Sunday, September 17th. Credit Suisse Group increased their target price on Arthur J Gallagher & Co from $68.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. ValuEngine cut Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $64.00 target price on shares of Arthur J Gallagher & Co in a research report on Friday, December 8th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $66.00.

In other news, VP Scott R. Hudson sold 7,600 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank E. Jr. English sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were 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 $674,902. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Arthur J Gallagher & Co (NYSE:AJG) opened at $64.21 on Thursday. The firm has a market capitalization of $11,643.46, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08. Arthur J Gallagher & Co has a 1-year low of $51.58 and a 1-year high of $67.32.

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 for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. equities research analysts expect that Arthur J Gallagher & Co will post 2.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, November 30th. Arthur J Gallagher & Co’s dividend payout ratio is presently 62.40%.

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About Arthur J Gallagher & Co

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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