Arthur J Gallagher & Co (AJG) Shares Bought by Benjamin F. Edwards & Company Inc.

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Benjamin F. Edwards & Company Inc. lifted its stake in Arthur J Gallagher & Co (NYSE:AJG) by 271.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,551 shares of the financial services provider’s stock after purchasing an additional 1,133 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Arthur J Gallagher & Co were worth $114,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tributary Capital Management LLC purchased a new position in shares of Arthur J Gallagher & Co in the 4th quarter valued at approximately $77,000. Cutler Group LP purchased a new position in shares of Arthur J Gallagher & Co in the 3rd quarter valued at approximately $101,000. Private Capital Group LLC raised its position in Arthur J Gallagher & Co by 21.1% during the 4th quarter. Private Capital Group LLC now owns 1,445 shares of the financial services provider’s stock worth $106,000 after buying an additional 252 shares during the last quarter. Resources Management Corp CT ADV purchased a new position in Arthur J Gallagher & Co during the 3rd quarter worth approximately $111,000. Finally, Hanseatic Management Services Inc. purchased a new position in Arthur J Gallagher & Co during the 4th quarter worth approximately $120,000. 82.20% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on AJG. Wells Fargo & Co reissued a “buy” rating and set a $85.00 price target on shares of Arthur J Gallagher & Co in a research report on Thursday, January 31st. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Keefe, Bruyette & Woods lowered shares of Arthur J Gallagher & Co to a “market perform” rating in a research report on Thursday, December 13th. Morgan Stanley raised their price target on shares of Arthur J Gallagher & Co from $71.00 to $77.00 and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Finally, Barclays raised their price target on shares of Arthur J Gallagher & Co from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Monday, November 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $79.56.

In other news, Director Frank E. Jr. English sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $77.66, for a total transaction of $85,426.00. Following the sale, the director now owns 7,300 shares of the company’s stock, valued at approximately $566,918. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Joseph Gallagher acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, December 19th. The shares were purchased at an average cost of $73.20 per share, for a total transaction of $292,800.00. Following the purchase, the vice president now directly owns 176,958 shares in the company, valued at $12,953,325.60. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.

AJG opened at $79.89 on Tuesday. Arthur J Gallagher & Co has a 12-month low of $64.54 and a 12-month high of $79.98. The company has a quick ratio of 1.09, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Arthur J Gallagher & Co had a net margin of 9.14% and a return on equity of 14.03%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. Analysts expect that Arthur J Gallagher & Co will post 3.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.43 per share. This is a boost from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.15%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 47.54%.

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Arthur J Gallagher & Co Company Profile

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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