Vident Investment Advisory LLC bought a new stake in Arthur J Gallagher & Co (NYSE:AJG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,230 shares of the financial services provider’s stock, valued at approximately $383,000.

Other large investors also recently modified their holdings of the company. Aviva PLC grew its holdings in 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 buying an additional 990 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in 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 buying an additional 201,141 shares in the last quarter. WBI Investments Inc. grew its holdings in 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 buying an additional 263,757 shares in the last quarter. Principal Financial Group Inc. grew its holdings in 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 buying an additional 614,788 shares in the last quarter. Finally, Intl Fcstone Inc. purchased a new stake in Arthur J Gallagher & Co in the 2nd quarter valued at $325,000. Institutional investors own 82.47% of the company’s stock.

In other news, Director Frank E. Jr. English sold 1,500 shares of the 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 directly owns 10,600 shares in the company, valued at approximately $674,902. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 7,600 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.29, for a total value of $496,204.00. Following the transaction, the vice president now owns 25,027 shares of the company’s stock, valued at $1,634,012.83. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Several analysts have issued reports on AJG shares. Wells Fargo & Company set a $74.00 target price on Arthur J Gallagher & Co and gave the company a “buy” rating in a report on Friday, December 8th. Zacks Investment Research cut Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Barclays upped their target price on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, October 16th. ValuEngine cut Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $59.00 price target on shares of Arthur J Gallagher & Co in a report on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.00.

Arthur J Gallagher & Co (NYSE:AJG) opened at $63.85 on Tuesday. The firm has a market capitalization of $11,567.52, a price-to-earnings ratio of 22.06, a PEG ratio of 2.15 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 twelve month low of $51.21 and a twelve month 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The business 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 company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 EPS. research analysts predict that Arthur J Gallagher & Co will post 2.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Thursday, November 30th. Arthur J Gallagher & Co’s dividend payout ratio is presently 62.40%.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/vident-investment-advisory-llc-invests-383000-in-arthur-j-gallagher-co-ajg-stock/1772567.html.

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.

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

Receive News & Ratings for Arthur J Gallagher & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J Gallagher & Co and related companies with MarketBeat.com's FREE daily email newsletter.