Cetera Advisors LLC purchased a new position in Arthur J Gallagher & Co (NYSE:AJG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,987 shares of the financial services provider’s stock, valued at approximately $304,000.

Several other large investors also recently bought and sold shares of AJG. Private Advisory Group LLC raised its holdings in Arthur J Gallagher & Co by 0.7% during the 2nd quarter. Private Advisory Group LLC now owns 4,779 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 32 shares during the period. National Asset Management Inc. raised its holdings in Arthur J Gallagher & Co by 0.7% during the 2nd quarter. National Asset Management Inc. now owns 4,881 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 33 shares during the period. Veritable L.P. raised its holdings in Arthur J Gallagher & Co by 0.8% during the 2nd quarter. Veritable L.P. now owns 4,333 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 33 shares during the period. Mariner Wealth Advisors LLC raised its holdings in Arthur J Gallagher & Co by 1.2% during the 2nd quarter. Mariner Wealth Advisors LLC now owns 4,559 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 56 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Arthur J Gallagher & Co by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,334 shares of the financial services provider’s stock valued at $763,000 after acquiring an additional 84 shares during the period. 82.55% of the stock is currently owned by institutional investors.

In other news, 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 transaction of $496,204.00. Following the completion of the transaction, the vice president now directly owns 25,027 shares in the company, valued at approximately $1,634,012.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 1,500 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was 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 owns 10,600 shares of the company’s stock, valued at $674,902. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the stock. Credit Suisse Group boosted their target price on shares of Arthur J Gallagher & Co from $68.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Wells Fargo & Company reissued a “buy” rating and set a $66.00 target price on shares of Arthur J Gallagher & Co in a report on Sunday, September 17th. Royal Bank of Canada reissued a “hold” rating and set a $64.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, December 8th. Deutsche Bank cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Wednesday, October 4th. Finally, ValuEngine lowered shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Arthur J Gallagher & Co has a consensus rating of “Buy” and a consensus price target of $66.00.

Arthur J Gallagher & Co (AJG) opened at $63.98 on Friday. The company has a market cap of $11,515.09, a price-to-earnings ratio of 21.96, a PEG ratio of 2.14 and a beta of 1.23. 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 has a 1 year low of $50.86 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 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. Arthur J Gallagher & Co had a net margin of 7.62% and a return on equity of 13.56%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. sell-side analysts anticipate 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. Stockholders of record on Friday, December 1st were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.44%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is currently 62.40%.

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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.

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

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