Nordea Investment Management AB Purchases 2,564 Shares of Arthur J. Gallagher & Co. (AJG)

Nordea Investment Management AB increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,255 shares of the financial services provider’s stock after acquiring an additional 2,564 shares during the quarter. Nordea Investment Management AB’s holdings in Arthur J. Gallagher & Co. were worth $2,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of AJG. Louisiana State Employees Retirement System grew its position in Arthur J. Gallagher & Co. by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock worth $635,000 after acquiring an additional 100 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Arthur J. Gallagher & Co. by 8.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 7,088 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 555 shares during the last quarter. Rothschild Asset Management Inc. grew its position in Arthur J. Gallagher & Co. by 2.7% during the 2nd quarter. Rothschild Asset Management Inc. now owns 8,099 shares of the financial services provider’s stock worth $464,000 after acquiring an additional 216 shares during the last quarter. CIBC Asset Management Inc grew its position in Arthur J. Gallagher & Co. by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 20,465 shares of the financial services provider’s stock worth $1,172,000 after acquiring an additional 78 shares during the last quarter. Finally, Sei Investments Co. grew its position in Arthur J. Gallagher & Co. by 24.5% during the 2nd quarter. Sei Investments Co. now owns 215,266 shares of the financial services provider’s stock worth $12,324,000 after acquiring an additional 42,310 shares during the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.

Several equities analysts recently issued reports on the company. ValuEngine lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. 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. Barclays raised their price target on Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $59.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Arthur J. Gallagher & Co. has a consensus rating of “Buy” and a consensus target price of $64.38.

Shares of Arthur J. Gallagher & Co. (NYSE AJG) opened at $66.58 on Tuesday. Arthur J. Gallagher & Co. has a fifty-two week low of $49.21 and a fifty-two week high of $67.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $12,035.79, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23.

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, topping the consensus estimate of $0.79 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.62%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the business posted $0.77 EPS. The business’s revenue was up 6.9% on a year-over-year basis. sell-side analysts forecast that Arthur J. Gallagher & Co. will post 2.99 earnings per share for the current year.

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

In other news, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $59.98, for a total value of $597,820.66. Following the completion of the transaction, the chief financial officer now owns 47,767 shares in the company, valued at approximately $2,865,064.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank E. Jr. English sold 1,500 shares of the firm’s 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 completion of the transaction, the director now owns 10,600 shares of the company’s stock, valued at approximately $674,902. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

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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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