Keybank National Association OH Buys 691 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Keybank National Association OH boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) by 58.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,872 shares of the financial services provider’s stock after buying an additional 691 shares during the quarter. Keybank National Association OH’s holdings in Arthur J. Gallagher & Co. were worth $305,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its position in Arthur J. Gallagher & Co. by 7.4% during the first quarter. Mercer Global Advisors Inc. ADV now owns 13,744 shares of the financial services provider’s stock worth $2,400,000 after purchasing an additional 944 shares during the period. Meeder Asset Management Inc. bought a new position in Arthur J. Gallagher & Co. during the first quarter worth about $193,000. National Pension Service boosted its position in Arthur J. Gallagher & Co. by 14.4% during the first quarter. National Pension Service now owns 309,351 shares of the financial services provider’s stock worth $54,013,000 after purchasing an additional 39,022 shares during the period. CX Institutional boosted its position in shares of Arthur J. Gallagher & Co. by 6.3% in the first quarter. CX Institutional now owns 1,372 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 81 shares during the period. Finally, Kentucky Retirement Systems boosted its position in shares of Arthur J. Gallagher & Co. by 4.0% in the first quarter. Kentucky Retirement Systems now owns 13,287 shares of the financial services provider’s stock valued at $2,320,000 after acquiring an additional 513 shares during the period. Institutional investors own 81.22% of the company’s stock.

Insider Buying and Selling

In related news, Director William L. Bax sold 350 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, October 31st. The shares were sold at an average price of $189.30, for a total value of $66,255.00. Following the sale, the director now owns 45,405 shares in the company, valued at $8,595,166.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Douglas K. Howell sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $190.32, for a total transaction of $1,141,920.00. Following the sale, the chief financial officer now owns 88,123 shares in the company, valued at approximately $16,771,569.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William L. Bax sold 350 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $189.30, for a total transaction of $66,255.00. Following the sale, the director now owns 45,405 shares in the company, valued at approximately $8,595,166.50. The disclosure for this sale can be found here. Insiders have sold a total of 7,350 shares of company stock valued at $1,398,315 over the last three months. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on AJG. Raymond James raised their price objective on shares of Arthur J. Gallagher & Co. from $195.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Monday, August 1st. StockNews.com began coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company raised their price objective on shares of Arthur J. Gallagher & Co. from $212.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, October 28th. Jefferies Financial Group raised their price objective on shares of Arthur J. Gallagher & Co. from $208.00 to $215.00 in a research report on Friday, October 7th. Finally, Argus initiated coverage on shares of Arthur J. Gallagher & Co. in a research note on Friday, August 26th. They issued a “buy” rating and a $215.00 target price on the stock. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.36.

Arthur J. Gallagher & Co. Trading Down 3.6 %

AJG stock opened at $186.00 on Friday. The company has a market capitalization of $39.22 billion, a PE ratio of 36.61, a price-to-earnings-growth ratio of 2.39 and a beta of 0.68. Arthur J. Gallagher & Co. has a one year low of $147.32 and a one year high of $194.76. The company’s 50 day moving average price is $180.15 and its two-hundred day moving average price is $172.65. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.67 by $0.05. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.04 billion. Arthur J. Gallagher & Co. had a net margin of 12.86% and a return on equity of 17.56%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.33 earnings per share. As a group, analysts predict that Arthur J. Gallagher & Co. will post 7.78 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, December 1st. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 40.16%.

Arthur J. Gallagher & Co. Profile

(Get Rating)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

Read More

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJGGet Rating).

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

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.