Sei Investments Co. Sells 11,202 Shares of Arthur J Gallagher & Co (AJG)

Sei Investments Co. lessened its position in Arthur J Gallagher & Co (NYSE:AJG) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 212,275 shares of the financial services provider’s stock after selling 11,202 shares during the quarter. Sei Investments Co.’s holdings in Arthur J Gallagher & Co were worth $13,433,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Bank of Hawaii acquired a new stake in Arthur J Gallagher & Co in the 3rd quarter valued at approximately $356,000. Intl Fcstone Inc. acquired a new stake in Arthur J Gallagher & Co in the 2nd quarter valued at approximately $325,000. Segall Bryant & Hamill LLC acquired a new stake in Arthur J Gallagher & Co in the 3rd quarter valued at approximately $271,000. Bollard Group LLC raised its position in Arthur J Gallagher & Co by 5.8% in the 3rd quarter. Bollard Group LLC now owns 46,459 shares of the financial services provider’s stock valued at $2,860,000 after buying an additional 2,562 shares during the last quarter. Finally, AXA acquired a new stake in Arthur J Gallagher & Co in the 3rd quarter valued at approximately $10,257,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Arthur J Gallagher & Co (NYSE AJG) opened at $68.91 on Thursday. The firm has a market capitalization of $12,574.64, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. Arthur J Gallagher & Co has a 1 year low of $54.50 and a 1 year high of $70.55. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.05 and a current ratio of 1.05.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.07. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. sell-side analysts forecast that Arthur J Gallagher & Co will post 3.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.41 per share. This is a positive change from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, March 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. Arthur J Gallagher & Co’s payout ratio is 61.42%.

In other news, insider Susan E. Pietrucha sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $68.76, for a total transaction of $103,140.00. Following the completion of the transaction, the insider now directly owns 1,954 shares in the company, valued at approximately $134,357.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank E. Jr. English sold 600 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $63.71, for a total value of $38,226.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $637,100. The disclosure for this sale can be found here. Insiders have sold a total of 29,366 shares of company stock worth $1,998,142 in the last ninety days. Insiders own 1.60% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Arthur J Gallagher & Co from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a research report on Monday, January 29th. Barclays reissued an “overweight” rating and issued a $82.00 target price (up previously from $70.00) on shares of Arthur J Gallagher & Co in a research report on Tuesday. ValuEngine lowered Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Wells Fargo & Co reaffirmed a “buy” rating and set a $74.00 price target on shares of Arthur J Gallagher & Co in a research report on Thursday, January 25th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $75.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $72.78.

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Arthur J Gallagher & Co Company 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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