Deprince Race & Zollo Inc. Sells 8,855 Shares of Arthur J Gallagher & Co (NYSE:AJG)

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Deprince Race & Zollo Inc. decreased its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 40.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,080 shares of the financial services provider’s stock after selling 8,855 shares during the period. Deprince Race & Zollo Inc.’s holdings in Arthur J Gallagher & Co were worth $974,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dupont Capital Management Corp grew its position in Arthur J Gallagher & Co by 92.3% in the 2nd quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock valued at $103,000 after buying an additional 758 shares in the last quarter. Braun Bostich & Associates Inc. boosted its holdings in shares of Arthur J Gallagher & Co by 528.7% in the second quarter. Braun Bostich & Associates Inc. now owns 1,773 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,491 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Arthur J Gallagher & Co during the second quarter valued at about $127,000. Cerebellum GP LLC bought a new position in shares of Arthur J Gallagher & Co during the 3rd quarter valued at about $185,000. Finally, Visionary Asset Management Inc. bought a new position in shares of Arthur J Gallagher & Co during the 3rd quarter valued at about $217,000. 81.72% of the stock is owned by institutional investors and hedge funds.

Shares of Arthur J Gallagher & Co stock traded up $0.28 during trading on Friday, hitting $78.05. 963,345 shares of the stock traded hands, compared to its average volume of 1,097,835. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.05 and a beta of 1.00. Arthur J Gallagher & Co has a twelve month low of $62.04 and a twelve month high of $78.37.

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

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

Several equities analysts have recently weighed in on the stock. Wells Fargo & Co restated a “buy” rating and set a $78.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, July 27th. Citigroup set a $78.00 price objective on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a research note on Friday, October 12th. Credit Suisse Group began coverage on Arthur J Gallagher & Co in a research report on Tuesday, August 7th. They issued an “outperform” rating and a $84.00 target price for the company. ValuEngine raised Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, William Blair restated a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, August 16th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Arthur J Gallagher & Co presently has a consensus rating of “Buy” and an average target price of $78.20.

In related news, Director Frank E. Jr. English sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $72.07, for a total value of $144,140.00. Following the completion of the sale, the director now directly owns 8,400 shares in the company, valued at approximately $605,388. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Richard C. Cary sold 12,667 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $71.95, for a total transaction of $911,390.65. Following the transaction, the chief accounting officer now directly 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 sold 40,252 shares of company stock valued at $2,944,259 in the last ninety days. Insiders own 1.60% of the company’s stock.

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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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