Global X MANAGEMENT CO LLC raised its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 18.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,216 shares of the financial services provider’s stock after acquiring an additional 1,460 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Arthur J. Gallagher & Co. were worth $567,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aviva PLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 0.9% during the second quarter. Aviva PLC now owns 111,022 shares of the financial services provider’s stock valued at $6,356,000 after acquiring an additional 990 shares during the period. Epoch Investment Partners Inc. increased its position in Arthur J. Gallagher & Co. by 7.9% in 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 purchasing an additional 201,141 shares during the period. WBI Investments Inc. increased its position in Arthur J. Gallagher & Co. by 140.0% in the second quarter. WBI Investments Inc. now owns 452,193 shares of the financial services provider’s stock worth $25,888,000 after purchasing an additional 263,757 shares during the period. Principal Financial Group Inc. increased its position in Arthur J. Gallagher & Co. by 97.9% in the second quarter. Principal Financial Group Inc. now owns 1,242,484 shares of the financial services provider’s stock worth $71,132,000 after purchasing an additional 614,788 shares during the period. Finally, Swiss National Bank increased its position in 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 period. 81.08% of the stock is owned by institutional investors.

Several equities research analysts have commented on the company. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Barclays PLC upped their price objective on Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Zacks Investment Research downgraded Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Citigroup Inc. upped their target price on Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Friday, August 18th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $64.38.

In other Arthur J. Gallagher & Co. news, Director Frank E. Jr. English sold 1,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated 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 sale, the director now owns 10,600 shares of the company’s stock, valued at $674,902. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Susan E. Pietrucha sold 3,601 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $57.78, for a total value of $208,065.78. Following the sale, the insider now directly owns 4,055 shares of the company’s stock, valued at approximately $234,297.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,068 shares of company stock valued at $901,391. 1.60% of the stock is owned by company insiders.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at $65.97 on Friday. The stock has a market capitalization of $11,900.00, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. Arthur J. Gallagher & Co. has a 52-week low of $48.97 and a 52-week high of $66.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The company 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. equities analysts predict that Arthur J. Gallagher & Co. will post 2.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.15%.

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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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