BB&T Securities LLC Lowers Position in Arthur J. Gallagher & Co. (AJG)

BB&T Securities LLC reduced its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 26.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,800 shares of the financial services provider’s stock after selling 11,793 shares during the quarter. BB&T Securities LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Citadel Advisors LLC grew its stake in shares of Arthur J. Gallagher & Co. by 785.9% in the second quarter. Citadel Advisors LLC now owns 2,362,782 shares of the financial services provider’s stock valued at $135,269,000 after buying an additional 2,096,062 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Arthur J. Gallagher & Co. by 8,471.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,852,944 shares of the financial services provider’s stock valued at $106,081,000 after purchasing an additional 1,831,326 shares during the last quarter. American Century Companies Inc. lifted its holdings in Arthur J. Gallagher & Co. by 4,730.8% during the 2nd quarter. American Century Companies Inc. now owns 1,550,935 shares of the financial services provider’s stock valued at $88,791,000 after purchasing an additional 1,518,830 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Arthur J. Gallagher & Co. by 97.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,242,484 shares of the financial services provider’s stock valued at $71,132,000 after purchasing an additional 614,788 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Arthur J. Gallagher & Co. by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock valued at $1,039,067,000 after purchasing an additional 571,235 shares during the last quarter. 82.55% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on AJG shares. Wells Fargo & Company reaffirmed a “buy” rating and set a $66.00 price target on shares of Arthur J. Gallagher & Co. in a report on Sunday, September 17th. Credit Suisse Group lifted their target price on Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Deutsche Bank downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a report on Wednesday, October 4th. Finally, Barclays boosted their price target on Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $64.38.

Arthur J. Gallagher & Co. (AJG) opened at $65.82 on Wednesday. Arthur J. Gallagher & Co. has a 12-month low of $49.31 and a 12-month high of $67.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $12,037.60, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.62%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. equities research analysts forecast that Arthur J. Gallagher & Co. will post 2.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 62.40%.

In other Arthur J. Gallagher & Co. news, Director Frank E. Jr. English sold 1,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $63.67, for a total value of $95,505.00. Following the transaction, the director now owns 10,600 shares in the company, valued at $674,902. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Douglas K. Howell sold 9,967 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $59.98, for a total value of $597,820.66. Following the completion of the transaction, the chief financial officer now owns 47,767 shares in the company, valued at approximately $2,865,064.66. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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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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