Resources Management Corp CT ADV Takes $137,000 Position in Arthur J Gallagher & Co (NYSE:AJG)

Resources Management Corp CT ADV purchased a new position in Arthur J Gallagher & Co (NYSE:AJG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,530 shares of the financial services provider’s stock, valued at approximately $137,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Arthur J Gallagher & Co by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,650,184 shares of the financial services provider’s stock valued at $1,808,749,000 after purchasing an additional 63,734 shares during the last quarter. BlackRock Inc. raised its holdings in Arthur J Gallagher & Co by 1.0% in the 2nd quarter. BlackRock Inc. now owns 19,169,460 shares of the financial services provider’s stock worth $1,679,052,000 after acquiring an additional 185,656 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Arthur J Gallagher & Co by 52.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,432,371 shares of the financial services provider’s stock valued at $724,679,000 after acquiring an additional 2,895,732 shares in the last quarter. Invesco Ltd. lifted its position in Arthur J Gallagher & Co by 51.4% in the 2nd quarter. Invesco Ltd. now owns 4,113,457 shares of the financial services provider’s stock valued at $360,298,000 after acquiring an additional 1,397,053 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Arthur J Gallagher & Co by 95.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,203,665 shares of the financial services provider’s stock valued at $197,382,000 after acquiring an additional 1,073,542 shares in the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

AJG opened at $92.90 on Friday. 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 $91.25 and a 200-day moving average price of $89.26. Arthur J Gallagher & Co has a twelve month low of $68.19 and a twelve month high of $93.59. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 2.62 and a beta of 0.80.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Arthur J Gallagher & Co had a net margin of 9.69% and a return on equity of 14.38%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $0.77 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts expect that Arthur J Gallagher & Co will post 3.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.72 dividend on an annualized basis and a yield of 1.85%. Arthur J Gallagher & Co’s dividend payout ratio is presently 49.86%.

In other Arthur J Gallagher & Co news, insider Susan E. Pietrucha sold 3,599 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $92.00, for a total transaction of $331,108.00. Following the sale, the insider now owns 3,599 shares in the company, valued at approximately $331,108. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan E. Pietrucha sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $90.33, for a total transaction of $1,625,940.00. Following the sale, the insider now owns 4,967 shares in the company, valued at approximately $448,669.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,049 shares of company stock valued at $2,089,665. Company insiders own 1.30% of the company’s stock.

Several analysts have commented on AJG shares. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks boosted their price target on Arthur J Gallagher & Co from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Barclays set a $107.00 price target on Arthur J Gallagher & Co and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada set a $91.00 price objective on Arthur J Gallagher & Co and gave the company a “hold” rating in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Arthur J Gallagher & Co has an average rating of “Hold” and a consensus target price of $93.71.

Arthur J Gallagher & Co Company Profile

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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