Arthur J Gallagher & Co (AJG) Stake Increased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC grew its holdings in Arthur J Gallagher & Co (NYSE:AJG) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,376 shares of the financial services provider’s stock after buying an additional 36,490 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.18% of Arthur J Gallagher & Co worth $20,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AJG. Schwab Charles Investment Management Inc. lifted its holdings in shares of Arthur J Gallagher & Co by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 797,998 shares of the financial services provider’s stock valued at $45,686,000 after buying an additional 58,734 shares during the period. Blair William & Co. IL acquired a new stake in shares of Arthur J Gallagher & Co in the 2nd quarter valued at approximately $224,000. Federated Investors Inc. PA lifted its holdings in shares of Arthur J Gallagher & Co by 39.6% in the 2nd quarter. Federated Investors Inc. PA now owns 4,498 shares of the financial services provider’s stock valued at $258,000 after buying an additional 1,277 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Arthur J Gallagher & Co by 4.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 549,135 shares of the financial services provider’s stock valued at $31,438,000 after purchasing an additional 21,886 shares in the last quarter. Finally, Aviva PLC increased its stake 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 purchasing an additional 990 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arthur J Gallagher & Co (NYSE AJG) opened at $62.91 on Wednesday. Arthur J Gallagher & Co has a one year low of $51.60 and a one year high of $67.32. The firm has a market capitalization of $11,370.00, a P/E ratio of 25.16, a P/E/G ratio of 2.11 and a beta of 1.23. 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 (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 the consensus estimate of $0.79 by $0.02. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.77 earnings per share. equities analysts predict that Arthur J Gallagher & Co will post 2.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, November 30th. Arthur J Gallagher & Co’s payout ratio is 62.40%.

AJG has been the subject of several research analyst reports. Wells Fargo & Co 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. Zacks Investment Research downgraded Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Deutsche Bank downgraded 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, Barclays raised their price objective on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $67.88.

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 completion of the transaction, the director now owns 10,600 shares of the company’s stock, valued at $674,902. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott R. Hudson sold 7,600 shares of the firm’s 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 directly owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. 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.

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

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