4,367 Shares in Arthur J Gallagher & Co (AJG) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new stake in Arthur J Gallagher & Co (NYSE:AJG) in the fourth quarter, HoldingsChannel reports. The firm bought 4,367 shares of the financial services provider’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also modified their holdings of AJG. Victory Capital Management Inc. raised its position in shares of Arthur J Gallagher & Co by 7.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,182,454 shares of the financial services provider’s stock valued at $264,665,000 after buying an additional 297,388 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of Arthur J Gallagher & Co by 27.6% in the third quarter. Westfield Capital Management Co. LP now owns 1,349,368 shares of the financial services provider’s stock valued at $83,054,000 after buying an additional 291,510 shares during the last quarter. W. E. Donoghue & Co. LLC acquired a new stake in shares of Arthur J Gallagher & Co in the second quarter valued at about $15,660,000. Capital Returns Management LLC acquired a new stake in shares of Arthur J Gallagher & Co in the third quarter valued at about $15,388,000. Finally, AXA acquired a new stake in shares of Arthur J Gallagher & Co in the third quarter valued at about $10,257,000. Institutional investors and hedge funds own 82.04% of the company’s stock.

Shares of Arthur J Gallagher & Co (NYSE:AJG) opened at $66.11 on Thursday. Arthur J Gallagher & Co has a 12-month low of $53.63 and a 12-month high of $70.55. The stock has a market cap of $11,839.95, a PE ratio of 21.37, a P/E/G ratio of 1.65 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 1.05.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Arthur J Gallagher & Co had a net margin of 7.52% and a return on equity of 13.95%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $0.66 earnings per share. Arthur J Gallagher & Co’s revenue was up 15.5% compared to the same quarter last year. analysts predict that Arthur J Gallagher & Co will post 3.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a dividend of $0.41 per share. This is a boost from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 1st. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 61.42%.

A number of equities research analysts have recently commented on AJG shares. Wells Fargo & Co set a $74.00 target price on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $77.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, December 22nd. SunTrust Banks restated a “buy” rating and set a $75.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, January 26th. Finally, Royal Bank of Canada restated a “hold” rating and set a $64.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, December 8th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $70.67.

In other Arthur J Gallagher & Co news, VP Thomas Joseph Gallagher sold 11,500 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $69.80, for a total transaction of $802,700.00. Following the completion of the transaction, the vice president now owns 176,305 shares of the company’s stock, valued at $12,306,089. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott R. Hudson sold 7,600 shares of the 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 of the company’s stock, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,600 shares of company stock valued at $1,404,129. 1.60% of the stock is owned by company insiders.

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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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