Chartwell Investment Partners LLC reduced its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,570 shares of the financial services provider’s stock after selling 23,570 shares during the quarter. Chartwell Investment Partners LLC owned about 0.10% of Arthur J. Gallagher & Co. worth $11,421,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Aviva PLC raised its stake in Arthur J. Gallagher & Co. by 0.9% during the 2nd quarter. Aviva PLC now owns 111,022 shares of the financial services provider’s stock worth $6,356,000 after buying an additional 990 shares during the period. Epoch Investment Partners Inc. raised its stake in Arthur J. Gallagher & Co. by 7.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,758,657 shares of the financial services provider’s stock worth $157,933,000 after buying an additional 201,141 shares during the period. WBI Investments Inc. raised its stake in Arthur J. Gallagher & Co. by 140.0% during the 2nd quarter. WBI Investments Inc. now owns 452,193 shares of the financial services provider’s stock worth $25,888,000 after buying an additional 263,757 shares during the period. Principal Financial Group Inc. raised its stake in Arthur J. Gallagher & Co. by 97.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,242,484 shares of the financial services provider’s stock worth $71,132,000 after buying an additional 614,788 shares during the period. Finally, Swiss National Bank raised its stake in shares of Arthur J. Gallagher & Co. by 3.1% in the second quarter. Swiss National Bank now owns 650,685 shares of the financial services provider’s stock worth $37,252,000 after purchasing an additional 19,700 shares during the last quarter. 81.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Arthur J. Gallagher & Co. (AJG) traded up $0.04 on Tuesday, hitting $66.01. The company had a trading volume of 1,703,100 shares, compared to its average volume of 824,814. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $11,930.00, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22. Arthur J. Gallagher & Co. has a one year low of $48.97 and a one year high of $66.17.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 13.56% and a net margin of 7.62%. Arthur J. Gallagher & Co.’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 2.99 EPS for the current year.

The firm also recently declared 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, November 30th. Arthur J. Gallagher & Co.’s payout ratio is 62.15%.

AJG has been the subject of several analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, July 27th. BidaskClub raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued 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 reissued a “hold” rating and issued a $59.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, October 10th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Arthur J. Gallagher & Co. has an average rating of “Buy” and an average price target of $64.38.

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In related news, CFO Douglas K. Howell sold 9,967 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $59.98, for a total transaction of $597,820.66. Following the completion of the sale, the chief financial officer now directly owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank E. Jr. English sold 1,500 shares of the 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 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. Insiders have sold 15,068 shares of company stock valued at $901,391 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

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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