Nomura Asset Management Co. Ltd. raised its stake in Arthur J Gallagher & Co (NYSE:AJG) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,822 shares of the financial services provider’s stock after buying an additional 1,961 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Arthur J Gallagher & Co were worth $1,651,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Aviva PLC lifted its stake in shares of Arthur J Gallagher & Co by 0.9% in the 2nd quarter. Aviva PLC now owns 111,022 shares of the financial services provider’s stock valued at $6,356,000 after purchasing an additional 990 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in shares of Arthur J Gallagher & Co by 7.9% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,758,657 shares of the financial services provider’s stock valued at $157,933,000 after purchasing an additional 201,141 shares during the last quarter. WBI Investments Inc. lifted its stake in shares of Arthur J Gallagher & Co by 140.0% in the 2nd quarter. WBI Investments Inc. now owns 452,193 shares of the financial services provider’s stock valued at $25,888,000 after purchasing an additional 263,757 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Arthur J Gallagher & Co by 97.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,242,484 shares of the financial services provider’s stock valued at $71,132,000 after purchasing an additional 614,788 shares during the last quarter. Finally, Intl Fcstone Inc. acquired a new position in shares of Arthur J Gallagher & Co in the 2nd quarter valued at $325,000. Institutional investors own 82.55% of the company’s stock.

Arthur J Gallagher & Co (NYSE:AJG) opened at $63.69 on Friday. Arthur J Gallagher & Co has a 12 month low of $50.23 and a 12 month high of $67.32. 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 stock has a market capitalization of $11,612.72, a PE ratio of 22.15, a P/E/G ratio of 2.16 and a beta of 1.23.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly 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. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. analysts forecast that Arthur J Gallagher & Co will post 2.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, November 30th. Arthur J Gallagher & Co’s dividend payout ratio is currently 62.40%.

Several equities analysts recently issued reports on AJG shares. Wells Fargo & Company set a $74.00 target price on Arthur J Gallagher & Co and gave the stock a “buy” rating in a research note on Friday, December 8th. Zacks Investment Research lowered Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Barclays increased their target price on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $62.00 target price on shares of Arthur J Gallagher & Co in a research note on Friday, August 18th. Finally, ValuEngine lowered Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note 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. The stock presently has an average rating of “Buy” and a consensus price target of $66.00.

In other Arthur J Gallagher & Co news, VP Scott R. Hudson sold 7,600 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.29, for a total value of $496,204.00. Following the sale, the vice president now 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 stock in a transaction dated 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 in the company, valued at approximately $674,902. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

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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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