Janus Henderson Group PLC Lowers Position in Arthur J Gallagher & Co (AJG)

Janus Henderson Group PLC trimmed its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,786,242 shares of the financial services provider’s stock after selling 66,702 shares during the quarter. Janus Henderson Group PLC owned 0.99% of Arthur J Gallagher & Co worth $109,943,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vident Investment Advisory LLC bought a new stake in Arthur J Gallagher & Co during the 3rd quarter worth approximately $383,000. Capital Returns Management LLC bought a new stake in Arthur J Gallagher & Co during the 3rd quarter worth approximately $15,388,000. Chevy Chase Trust Holdings Inc. increased its stake in Arthur J Gallagher & Co by 1.6% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 157,715 shares of the financial services provider’s stock worth $9,708,000 after purchasing an additional 2,516 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Arthur J Gallagher & Co during the 3rd quarter worth approximately $271,000. Finally, Allianz Asset Management GmbH bought a new stake in Arthur J Gallagher & Co during the 3rd quarter worth approximately $1,198,000. 82.55% of the stock is owned by institutional investors and hedge funds.

In related news, Director Frank E. Jr. English sold 1,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total value of $95,505.00. Following the completion of the transaction, the director now directly owns 10,600 shares of the company’s stock, valued at $674,902. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Scott R. Hudson sold 7,600 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.29, for a total transaction of $496,204.00. Following the completion of the transaction, the vice president now directly owns 25,027 shares of the company’s stock, valued at $1,634,012.83. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Arthur J Gallagher & Co (NYSE AJG) opened at $64.21 on Thursday. The firm has a market cap of $11,713.97, a P/E ratio of 22.34, a PEG ratio of 2.18 and a beta of 1.23. Arthur J Gallagher & Co has a 52 week low of $50.11 and a 52 week high of $67.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J Gallagher & Co had a net margin of 7.62% and a return on equity of 13.56%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $0.77 EPS. equities research analysts predict that Arthur J Gallagher & Co will post 2.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.56 annualized dividend and a dividend yield of 2.43%. Arthur J Gallagher & Co’s dividend payout ratio is currently 62.40%.

AJG has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $62.00 target price on shares of Arthur J Gallagher & Co in a research note on Friday, August 18th. Wells Fargo & Company reaffirmed a “buy” rating and set a $66.00 price target on shares of Arthur J Gallagher & Co in a research note on Sunday, September 17th. Zacks Investment Research cut shares of Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Deutsche Bank cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research note on Wednesday, October 4th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $59.00 price target on shares of Arthur J Gallagher & Co in a research note on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.00.

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Arthur J Gallagher & Co 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.

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

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