LMR Partners LLP Purchases Shares of 12,796 Arthur J Gallagher & Co (AJG)

LMR Partners LLP purchased a new position in Arthur J Gallagher & Co (NYSE:AJG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,796 shares of the financial services provider’s stock, valued at approximately $810,000.

Several other large investors also recently made changes to their positions in AJG. Janus Henderson Group PLC lifted its position in shares of Arthur J Gallagher & Co by 8,471.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,852,944 shares of the financial services provider’s stock worth $106,081,000 after purchasing an additional 1,831,326 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Arthur J Gallagher & Co by 927.7% during the 2nd quarter. Renaissance Technologies LLC now owns 408,000 shares of the financial services provider’s stock worth $23,358,000 after purchasing an additional 368,300 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in shares of Arthur J Gallagher & Co by 27.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,349,368 shares of the financial services provider’s stock worth $83,054,000 after purchasing an additional 291,510 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Arthur J Gallagher & Co by 8.0% during the 3rd quarter. Victory Capital Management Inc. now owns 3,885,066 shares of the financial services provider’s stock worth $239,126,000 after purchasing an additional 286,471 shares during the last quarter. Finally, W. E. Donoghue & Co. LLC acquired a new position in shares of Arthur J Gallagher & Co during the 2nd quarter worth about $15,660,000. 82.26% of the stock is owned by institutional investors.

In related news, VP Scott R. Hudson sold 7,600 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.29, for a total transaction of $496,204.00. Following the transaction, the vice president now directly owns 25,027 shares in the company, valued at $1,634,012.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas Joseph Gallagher sold 11,500 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $69.80, for a total value of $802,700.00. Following the transaction, the vice president now owns 176,305 shares in the company, valued at $12,306,089. The disclosure for this sale can be found here. Insiders have sold 20,600 shares of company stock worth $1,404,129 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Several research firms recently weighed in on AJG. Wells Fargo & Co reissued a “buy” rating and set a $74.00 price objective on shares of Arthur J Gallagher & Co in a research report on Thursday, January 25th. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays boosted their price objective 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. 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 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. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.67.

Arthur J Gallagher & Co (NYSE:AJG) opened at $68.57 on Friday. Arthur J Gallagher & Co has a 12 month low of $53.19 and a 12 month high of $70.55. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 1.05. The stock has a market capitalization of $12,526.09, a PE ratio of 22.61, a P/E/G ratio of 1.76 and a beta of 1.24.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. equities analysts anticipate that Arthur J Gallagher & Co will post 3.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.39%. This is a positive change from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, March 1st. Arthur J Gallagher & Co’s payout ratio is currently 61.42%.

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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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