Russell Investments Group Ltd. Has $8.36 Million Stake in Arthur J. Gallagher & Co. (AJG)

Russell Investments Group Ltd. trimmed its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 17.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,786 shares of the financial services provider’s stock after selling 28,578 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Arthur J. Gallagher & Co. worth $8,359,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AJG. Janney Montgomery Scott LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 8.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 7,088 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 555 shares during the last quarter. Rothschild Asset Management Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 2.7% in the 2nd quarter. Rothschild Asset Management Inc. now owns 8,099 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 216 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Arthur J. Gallagher & Co. by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 20,465 shares of the financial services provider’s stock valued at $1,172,000 after purchasing an additional 78 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Arthur J. Gallagher & Co. by 24.5% in the 2nd quarter. Sei Investments Co. now owns 215,266 shares of the financial services provider’s stock valued at $12,324,000 after purchasing an additional 42,310 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Arthur J. Gallagher & Co. by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 142,401 shares of the financial services provider’s stock valued at $8,152,000 after purchasing an additional 679 shares during the last quarter. 82.55% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on AJG. Credit Suisse Group raised their price objective on Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Wells Fargo & Company reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Sunday, September 17th. Deutsche Bank lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research note on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $59.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, October 10th. Finally, ValuEngine lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Arthur J. Gallagher & Co. has a consensus rating of “Buy” and an average price target of $64.38.

In other Arthur J. Gallagher & Co. news, Director Frank E. Jr. English sold 1,500 shares of the firm’s 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 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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 47,767 shares in the company, valued at $2,865,064.66. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at $65.83 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66. Arthur J. Gallagher & Co. has a fifty-two week low of $49.66 and a fifty-two week high of $67.32. The firm has a market capitalization of $11,900.19, a P/E ratio of 22.70, a PEG ratio of 2.22 and a beta of 1.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results 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 firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. research analysts anticipate that Arthur J. Gallagher & Co. will post 2.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.56 annualized dividend and a dividend yield of 2.37%. Arthur J. Gallagher & Co.’s payout ratio is 62.40%.

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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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