Bahl & Gaynor Inc. raised its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.5% during the third quarter, Holdings Channel reports. The firm owned 44,025 shares of the company’s stock after buying an additional 1,055 shares during the period. Bahl & Gaynor Inc.’s holdings in Arthur J. Gallagher & Co. were worth $2,240,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Arthur J. Gallagher & Co. by 23.4% in the second quarter. Vanguard Group Inc. now owns 15,749,325 shares of the company’s stock valued at $749,668,000 after buying an additional 2,987,125 shares during the period. JPMorgan Chase & Co. raised its stake in Arthur J. Gallagher & Co. by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 12,072,127 shares of the company’s stock valued at $614,107,000 after buying an additional 925,561 shares during the period. State Street Corp raised its stake in shares of Arthur J. Gallagher & Co. by 22.9% in the second quarter. State Street Corp now owns 7,802,461 shares of the company’s stock worth $371,397,000 after buying an additional 1,456,359 shares during the last quarter. Thomaspartners Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 5.3% in the second quarter. Thomaspartners Inc. now owns 2,730,810 shares of the company’s stock worth $129,987,000 after buying an additional 136,673 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Arthur J. Gallagher & Co. by 28.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,416,335 shares of the company’s stock worth $122,920,000 after buying an additional 541,945 shares during the last quarter. 81.37% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) traded down 1.02% during midday trading on Wednesday, reaching $50.35. The company’s stock had a trading volume of 1,989,160 shares. The company’s 50-day moving average price is $49.85 and its 200 day moving average price is $49.04. The company has a market capitalization of $8.96 billion, a P/E ratio of 23.46 and a beta of 1.10. Arthur J. Gallagher & Co. has a 12-month low of $35.96 and a 12-month high of $52.34.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.76 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $388.20 million. Arthur J. Gallagher & Co. had a return on equity of 12.86% and a net margin of 6.88%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post $2.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.52 annualized dividend and a dividend yield of 3.02%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 71.03%.

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A number of analysts have recently commented on AJG shares. Zacks Investment Research lowered Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Wells Fargo & Co. reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, September 27th. Credit Suisse Group AG reissued a “buy” rating and set a $47.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Monday, September 12th. Citigroup Inc. lifted their price target on Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Goldman Sachs Group Inc. lowered Arthur J. Gallagher & Co. from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $51.69.

In other news, insider Susan E. Pietrucha sold 6,955 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $50.35, for a total transaction of $350,184.25. Following the transaction, the insider now directly owns 6,955 shares in the company, valued at approximately $350,184.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Richard C. Cary sold 8,230 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $48.29, for a total value of $397,426.70. Following the transaction, the chief accounting officer now owns 32,330 shares in the company, valued at $1,561,215.70. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is 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. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

5 Day Chart for NYSE:AJG

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