Gierl Augustine Investment Management Inc cut its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,077 shares of the company’s stock after selling 500 shares during the period. Arthur J. Gallagher & Co. accounts for about 2.9% of Gierl Augustine Investment Management Inc’s investment portfolio, making the stock its 9th largest position. Gierl Augustine Investment Management Inc’s holdings in Arthur J. Gallagher & Co. were worth $3,158,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tompkins Financial Corp increased its stake in shares of Arthur J. Gallagher & Co. by 1.1% in the third quarter. Tompkins Financial Corp now owns 40,318 shares of the company’s stock worth $2,050,000 after buying an additional 419 shares during the period. Highland Capital Management LLC increased its stake in shares of Arthur J. Gallagher & Co. by 1.1% in the third quarter. Highland Capital Management LLC now owns 20,944 shares of the company’s stock worth $1,065,000 after buying an additional 229 shares during the period. Capstone Asset Management Co. increased its stake in shares of Arthur J. Gallagher & Co. by 15.0% in the third quarter. Capstone Asset Management Co. now owns 15,011 shares of the company’s stock worth $764,000 after buying an additional 1,960 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 23.5% in the third quarter. Eagle Asset Management Inc. now owns 150,421 shares of the company’s stock worth $7,651,000 after buying an additional 28,597 shares during the period. Finally, Fenimore Asset Management Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 0.7% in the third quarter. Fenimore Asset Management Inc. now owns 538,697 shares of the company’s stock worth $27,404,000 after buying an additional 3,925 shares during the period. Institutional investors and hedge funds own 81.37% of the company’s stock.

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

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.06% during midday trading on Tuesday, reaching $51.25. 972,484 shares of the company’s stock traded hands. Arthur J. Gallagher & Co. has a 52-week low of $35.96 and a 52-week high of $52.34. The company has a market cap of $9.12 billion, a P/E ratio of 23.88 and a beta of 1.10. The stock has a 50-day moving average of $49.83 and a 200 day moving average of $49.01.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be paid a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.97%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 71.03%.

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AJG has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on shares of Arthur J. Gallagher & Co. from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Credit Suisse Group AG reaffirmed a “buy” rating and set a $47.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Monday, September 12th. Barclays PLC reaffirmed an “overweight” rating and set a $52.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Monday, September 26th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Tuesday, September 27th. Finally, Zacks Investment Research downgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Arthur J. Gallagher & Co. presently has a consensus rating of “Buy” and a consensus price target of $51.69.

In related news, insider Susan E. Pietrucha sold 6,955 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $50.35, for a total value of $350,184.25. Following the transaction, the insider now directly owns 6,955 shares in the company, valued at $350,184.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kay W. Mccurdy sold 3,375 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $51.20, for a total transaction of $172,800.00. Following the completion of the transaction, the director now owns 34,470 shares in the company, valued at $1,764,864. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

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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