Royce & Associates LP Trims Position in Arthur J Gallagher & Co (AJG)

Royce & Associates LP cut its position in shares of Arthur J Gallagher & Co (NYSE:AJG) by 49.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,852 shares of the financial services provider’s stock after selling 122,248 shares during the quarter. Royce & Associates LP owned 0.07% of Arthur J Gallagher & Co worth $7,808,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Invictus RG acquired a new position in Arthur J Gallagher & Co during the third quarter worth $130,000. Eagle Boston Investment Management Inc. purchased a new position in Arthur J Gallagher & Co during the third quarter worth $201,000. Doyle Wealth Management purchased a new position in Arthur J Gallagher & Co during the third quarter worth $203,000. Pacer Advisors Inc. increased its position in Arthur J Gallagher & Co by 8.2% during the second quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock worth $197,000 after buying an additional 261 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Arthur J Gallagher & Co during the second quarter worth $202,000. 82.55% of the stock is owned by hedge funds and other institutional investors.

In other Arthur J Gallagher & Co news, Director Frank E. Jr. English sold 1,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $63.67, for a total transaction of $95,505.00. Following the completion of the sale, the director now owns 10,600 shares of the company’s stock, valued at $674,902. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.29, for a total value of $496,204.00. Following the sale, 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. 1.60% of the stock is owned by insiders.

Shares of Arthur J Gallagher & Co (AJG) opened at $63.69 on Friday. The company has a market capitalization of $11,612.72, a price-to-earnings ratio of 22.15, a PEG ratio of 2.16 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. Arthur J Gallagher & Co has a 1 year low of $50.23 and a 1 year high of $67.32.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 2.45%. The ex-dividend date is Thursday, November 30th. Arthur J Gallagher & Co’s dividend payout ratio is currently 62.40%.

Several equities analysts have weighed in on AJG shares. Wells Fargo & Company reissued a “buy” rating and set a $66.00 price target on shares of Arthur J Gallagher & Co in a research report on Sunday, September 17th. Credit Suisse Group raised their price target on Arthur J Gallagher & Co from $68.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Deutsche Bank downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research report on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Arthur J Gallagher & Co has a consensus rating of “Buy” and a consensus target price of $66.00.

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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.

Institutional Ownership by Quarter for Arthur J Gallagher & Co (NYSE:AJG)

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