3,579 Shares in Arthur J. Gallagher & Co. (AJG) Purchased by ETRADE Capital Management LLC

ETRADE Capital Management LLC bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,579 shares of the financial services provider’s stock, valued at approximately $246,000.

A number of other large investors have also recently added to or reduced their stakes in AJG. Bank of Montreal Can lifted its holdings in Arthur J. Gallagher & Co. by 17.8% during the 4th quarter. Bank of Montreal Can now owns 239,750 shares of the financial services provider’s stock worth $15,171,000 after buying an additional 36,298 shares during the last quarter. National Pension Service lifted its holdings in Arthur J. Gallagher & Co. by 2.5% during the 4th quarter. National Pension Service now owns 212,758 shares of the financial services provider’s stock worth $13,463,000 after buying an additional 5,219 shares during the last quarter. Creative Planning bought a new position in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $302,000. Schwab Charles Investment Management Inc. lifted its holdings in Arthur J. Gallagher & Co. by 3.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 853,366 shares of the financial services provider’s stock worth $54,001,000 after buying an additional 30,313 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Arthur J. Gallagher & Co. by 35.5% during the 4th quarter. State of Alaska Department of Revenue now owns 46,595 shares of the financial services provider’s stock worth $2,946,000 after buying an additional 12,210 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

In related news, insider Susan E. Pietrucha sold 15,672 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $69.23, for a total value of $1,084,972.56. Following the sale, the insider now directly owns 8,639 shares in the company, valued at approximately $598,077.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank E. Jr. English sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $69.03, for a total value of $138,060.00. Following the completion of the sale, the director now owns 8,000 shares in the company, valued at $552,240. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Shares of Arthur J. Gallagher & Co. opened at $68.14 on Wednesday, according to Marketbeat Ratings. The company has a market capitalization of $12.41 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.67 and a beta of 1.13. Arthur J. Gallagher & Co. has a 12-month low of $56.06 and a 12-month high of $72.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.10 and a current ratio of 1.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Tuesday, May 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.78 billion. Arthur J. Gallagher & Co. had a return on equity of 18.19% and a net margin of 10.34%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. research analysts forecast that Arthur J. Gallagher & Co. will post 3.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, May 31st. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 53.59%.

A number of research analysts have commented on the company. Citigroup increased their target price on Arthur J. Gallagher & Co. from $69.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, March 27th. ValuEngine raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Wells Fargo & Co set a $78.00 target price on Arthur J. Gallagher & Co. and gave the stock a “buy” rating in a report on Tuesday, May 1st. Zacks Investment Research downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $71.00 target price on shares of Arthur J. Gallagher & Co. in a report on Thursday, March 15th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Arthur J. Gallagher & Co. presently has an average rating of “Buy” and an average target price of $72.70.

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.

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

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