First Business Financial Services Inc. Purchases 170 Shares of Arthur J Gallagher & Co (NYSE:AJG)

First Business Financial Services Inc. boosted its position in Arthur J Gallagher & Co (NYSE:AJG) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,819 shares of the financial services provider’s stock after acquiring an additional 170 shares during the quarter. First Business Financial Services Inc.’s holdings in Arthur J Gallagher & Co were worth $879,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Eastern Bank increased its holdings in shares of Arthur J Gallagher & Co by 0.8% in the 2nd quarter. Eastern Bank now owns 30,068 shares of the financial services provider’s stock worth $2,634,000 after buying an additional 243 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Arthur J Gallagher & Co by 0.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 35,569 shares of the financial services provider’s stock valued at $3,115,000 after purchasing an additional 288 shares in the last quarter. Cox Capital Mgt LLC lifted its holdings in Arthur J Gallagher & Co by 2.7% in the 2nd quarter. Cox Capital Mgt LLC now owns 19,329 shares of the financial services provider’s stock valued at $1,693,000 after purchasing an additional 503 shares in the last quarter. KAMES CAPITAL plc lifted its holdings in Arthur J Gallagher & Co by 24.8% in the 2nd quarter. KAMES CAPITAL plc now owns 19,771 shares of the financial services provider’s stock valued at $1,731,000 after purchasing an additional 3,931 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in Arthur J Gallagher & Co by 130.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,111 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 1,196 shares in the last quarter. 81.46% of the stock is currently owned by institutional investors and hedge funds.

In other Arthur J Gallagher & Co news, Director Kay W. Mccurdy sold 2,250 shares of Arthur J Gallagher & Co stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $90.84, for a total value of $204,390.00. Following the completion of the transaction, the director now directly owns 30,232 shares of the company’s stock, valued at approximately $2,746,274.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Susan E. Pietrucha sold 18,000 shares of Arthur J Gallagher & Co stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $90.33, for a total value of $1,625,940.00. Following the completion of the transaction, the insider now directly owns 4,967 shares of the company’s stock, valued at $448,669.11. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

A number of research analysts have weighed in on AJG shares. SunTrust Banks raised their price objective on Arthur J Gallagher & Co from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley boosted their price objective on shares of Arthur J Gallagher & Co from $93.00 to $96.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada set a $91.00 price objective on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a report on Friday, October 25th. Barclays set a $107.00 price objective on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price objective on the stock in a report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $95.86.

NYSE AJG traded up $0.10 during trading on Friday, hitting $91.15. The stock had a trading volume of 558,982 shares, compared to its average volume of 983,349. The company has a market capitalization of $16.78 billion, a PE ratio of 26.42, a PEG ratio of 2.52 and a beta of 0.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average price of $89.29 and a 200 day moving average price of $88.02. Arthur J Gallagher & Co has a twelve month low of $68.19 and a twelve month high of $92.74.

Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. Arthur J Gallagher & Co had a return on equity of 14.38% and a net margin of 9.69%. Arthur J Gallagher & Co’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. On average, sell-side analysts anticipate that Arthur J Gallagher & Co will post 3.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, December 5th. Arthur J Gallagher & Co’s dividend payout ratio is currently 49.86%.

About Arthur J Gallagher & Co

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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

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