First National Bank of Omaha Grows Stock Holdings in Arthur J Gallagher & Co (NYSE:AJG)

First National Bank of Omaha boosted its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 29.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,744 shares of the financial services provider’s stock after purchasing an additional 2,458 shares during the quarter. First National Bank of Omaha’s holdings in Arthur J Gallagher & Co were worth $962,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AJG. Amundi Pioneer Asset Management Inc. raised its stake in Arthur J Gallagher & Co by 59.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 211,330 shares of the financial services provider’s stock valued at $16,504,000 after purchasing an additional 78,599 shares in the last quarter. Cox Capital Mgt LLC raised its stake in Arthur J Gallagher & Co by 2.7% during the second quarter. Cox Capital Mgt LLC now owns 19,329 shares of the financial services provider’s stock valued at $1,693,000 after purchasing an additional 503 shares in the last quarter. Thomasville National Bank raised its stake in Arthur J Gallagher & Co by 1.4% during the second quarter. Thomasville National Bank now owns 159,560 shares of the financial services provider’s stock valued at $13,976,000 after purchasing an additional 2,216 shares in the last quarter. Dorsey Wright & Associates raised its stake in Arthur J Gallagher & Co by 0.9% during the second quarter. Dorsey Wright & Associates now owns 74,523 shares of the financial services provider’s stock valued at $6,527,000 after purchasing an additional 670 shares in the last quarter. Finally, KAMES CAPITAL plc raised its stake in shares of Arthur J Gallagher & Co by 24.8% in the second quarter. KAMES CAPITAL plc now owns 19,771 shares of the financial services provider’s stock valued at $1,731,000 after acquiring an additional 3,931 shares during the period. 81.46% of the stock is currently owned by institutional investors.

AJG has been the topic of several recent analyst reports. ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $93.00 target price (up previously from $88.00) on shares of Arthur J Gallagher & Co in a research note on Wednesday, August 7th. Royal Bank of Canada set a $91.00 target price on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a research note on Friday, October 25th. SunTrust Banks increased their target price on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Barclays set a $107.00 target price on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a research note on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $95.86.

In related news, Director Kay W. Mccurdy sold 2,250 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $90.84, for a total value of $204,390.00. Following the transaction, the director now owns 30,232 shares of the company’s stock, valued at approximately $2,746,274.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan E. Pietrucha sold 18,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $90.33, for a total transaction of $1,625,940.00. Following the completion of the transaction, the insider now directly owns 4,967 shares in the company, valued at approximately $448,669.11. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Shares of AJG opened at $91.15 on Friday. Arthur J Gallagher & Co has a twelve month low of $68.19 and a twelve month high of $92.74. The company has a market cap of $16.78 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.52 and a beta of 0.80. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.78. The company’s fifty day simple moving average is $89.29 and its 200-day simple moving average is $88.02.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Arthur J Gallagher & Co had a net margin of 9.69% and a return on equity of 14.38%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts predict that Arthur J Gallagher & Co will post 3.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Thursday, December 5th. Arthur J Gallagher & Co’s dividend payout ratio is currently 49.86%.

About Arthur J Gallagher & Co

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

See Also: Back-End Load

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

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