Sumitomo Mitsui Trust Holdings Inc. decreased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 537,024 shares of the financial services provider’s stock after selling 12,111 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.30% of Arthur J. Gallagher & Co. worth $33,054,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in Arthur J. Gallagher & Co. by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock worth $197,000 after buying an additional 261 shares during the period. Coldstream Capital Management Inc. bought a new position in Arthur J. Gallagher & Co. during the 2nd quarter worth $202,000. Doyle Wealth Management bought a new position in Arthur J. Gallagher & Co. during the 3rd quarter worth $203,000. Blair William & Co. IL bought a new position in Arthur J. Gallagher & Co. during the 2nd quarter worth $224,000. Finally, Ironwood Investment Counsel LLC bought a new position in Arthur J. Gallagher & Co. during the 2nd quarter worth $226,000. Hedge funds and other institutional investors own 81.09% of the company’s stock.

Shares of Arthur J. Gallagher & Co. (AJG) opened at $66.62 on Thursday. The firm has a market capitalization of $12,106.30, a PE ratio of 23.09, a P/E/G ratio of 2.25 and a beta of 1.22. 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. has a 12 month low of $48.97 and a 12 month high of $67.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data 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 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 was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. equities analysts predict that Arthur J. Gallagher & Co. will post 2.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.40%.

A number of research analysts recently commented on the company. Credit Suisse Group raised their price target 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. Wells Fargo & Company restated a “buy” rating and issued a $66.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Sunday, September 17th. Deutsche Bank AG cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $59.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $64.38.

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In other 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 sale, the director now directly owns 10,600 shares of the company’s stock, valued at $674,902. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas K. Howell sold 9,967 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $59.98, for a total value of $597,820.66. Following the sale, the chief financial officer now directly owns 47,767 shares in the company, valued at $2,865,064.66. The disclosure for this sale can be found here. Insiders sold 15,068 shares of company stock worth $901,391 over the last ninety days. 1.60% of the stock is currently owned by insiders.

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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