Arthur J Gallagher & Co (NYSE:AJG) Position Trimmed by Signature Estate & Investment Advisors LLC

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Signature Estate & Investment Advisors LLC lessened its stake in Arthur J Gallagher & Co (NYSE:AJG) by 38.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,376 shares of the financial services provider’s stock after selling 2,124 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Arthur J Gallagher & Co were worth $251,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AJG. Union Bankshares Corp increased its stake in shares of Arthur J Gallagher & Co by 1.7% during the 3rd quarter. Union Bankshares Corp now owns 42,082 shares of the financial services provider’s stock worth $3,132,000 after purchasing an additional 698 shares during the last quarter. Tompkins Financial Corp grew its stake in Arthur J Gallagher & Co by 1.7% in the 2nd quarter. Tompkins Financial Corp now owns 43,562 shares of the financial services provider’s stock valued at $2,843,000 after buying an additional 735 shares during the last quarter. Tyers Asset Management LLC grew its stake in Arthur J Gallagher & Co by 11.0% in the 2nd quarter. Tyers Asset Management LLC now owns 7,524 shares of the financial services provider’s stock valued at $491,000 after buying an additional 748 shares during the last quarter. Eastern Bank grew its stake in Arthur J Gallagher & Co by 2.6% in the 2nd quarter. Eastern Bank now owns 29,290 shares of the financial services provider’s stock valued at $1,912,000 after buying an additional 753 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in Arthur J Gallagher & Co by 10.7% in the 1st quarter. Baird Financial Group Inc. now owns 7,797 shares of the financial services provider’s stock valued at $536,000 after buying an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Shares of Arthur J Gallagher & Co stock traded up $0.28 during mid-day trading on Friday, reaching $78.05. 963,345 shares of the stock were exchanged, compared to its average volume of 1,097,835. The stock has a market capitalization of $14.13 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.68. Arthur J Gallagher & Co has a fifty-two week low of $62.04 and a fifty-two week high of $78.37.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Arthur J Gallagher & Co had a net margin of 9.04% and a return on equity of 15.50%. On average, equities analysts anticipate that Arthur J Gallagher & Co will post 3.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, December 6th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is currently 53.59%.

A number of research analysts recently issued reports on AJG shares. ValuEngine upgraded shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Credit Suisse Group set a $84.00 price target on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a report on Tuesday, September 25th. William Blair reissued a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, August 16th. Wells Fargo & Co reissued a “buy” rating and issued a $78.00 price target on shares of Arthur J Gallagher & Co in a report on Friday, July 27th. Finally, SunTrust Banks reissued a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, July 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $78.20.

In other Arthur J Gallagher & Co news, VP William F. Ziebell sold 12,500 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $74.78, for a total value of $934,750.00. Following the completion of the sale, the vice president now owns 16,792 shares in the company, valued at approximately $1,255,705.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Richard C. Cary sold 12,667 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $71.95, for a total transaction of $911,390.65. Following the completion of the sale, the chief accounting officer now owns 34,793 shares of the company’s stock, valued at approximately $2,503,356.35. The disclosure for this sale can be found here. Insiders have sold a total of 40,252 shares of company stock valued at $2,944,259 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

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Arthur J Gallagher & Co 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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