Parametric Portfolio Associates LLC Acquires 16,583 Shares of Arthur J Gallagher & Co (NYSE:AJG)

Parametric Portfolio Associates LLC raised its holdings in Arthur J Gallagher & Co (NYSE:AJG) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 404,695 shares of the financial services provider’s stock after buying an additional 16,583 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Arthur J Gallagher & Co were worth $36,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AJG. Advisor Partners LLC boosted its position in Arthur J Gallagher & Co by 3.0% during the 2nd quarter. Advisor Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 109 shares in the last quarter. FTB Advisors Inc. raised its holdings in Arthur J Gallagher & Co by 4.8% in the third quarter. FTB Advisors Inc. now owns 2,621 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 119 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Arthur J Gallagher & Co by 35.6% in the second quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 126 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in Arthur J Gallagher & Co by 4.6% during the second quarter. HBK Sorce Advisory LLC now owns 3,125 shares of the financial services provider’s stock valued at $274,000 after buying an additional 138 shares during the period. Finally, TrinityPoint Wealth LLC lifted its position in Arthur J Gallagher & Co by 4.9% during the second quarter. TrinityPoint Wealth LLC now owns 3,107 shares of the financial services provider’s stock valued at $287,000 after buying an additional 144 shares during the period. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

AJG has been the topic of a number of research reports. SunTrust Banks boosted 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 report on Tuesday, September 24th. Credit Suisse Group reiterated an “outperform” rating and issued a $93.00 price target (up from $88.00) on shares of Arthur J Gallagher & Co in a research note on Wednesday, August 7th. Barclays set a $107.00 price target on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada set a $91.00 price objective on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, ValuEngine cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Arthur J Gallagher & Co presently has a consensus rating of “Hold” and a consensus price target of $93.71.

In related news, insider Susan E. Pietrucha sold 18,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $90.33, for a total transaction of $1,625,940.00. Following the sale, the insider now directly owns 4,967 shares of the company’s stock, valued at approximately $448,669.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan E. Pietrucha sold 3,599 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $92.00, for a total transaction of $331,108.00. Following the sale, the insider now directly owns 3,599 shares in the company, valued at $331,108. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,049 shares of company stock worth $2,089,665. 1.30% of the stock is currently owned by company insiders.

Shares of NYSE:AJG opened at $92.23 on Tuesday. The stock has a fifty day simple moving average of $91.01 and a two-hundred day simple moving average of $89.13. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 2.62 and a beta of 0.80. Arthur J Gallagher & Co has a 12-month low of $68.19 and a 12-month high of $93.59. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.78.

Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Arthur J Gallagher & Co had a return on equity of 14.38% and a net margin of 9.69%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts predict that Arthur J Gallagher & Co will post 3.63 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, December 5th. Arthur J Gallagher & Co’s dividend payout ratio is presently 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.

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

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