Flputnam Investment Management Co. Has $5.58 Million Stake in Arthur J. Gallagher & Co. $AJG

Flputnam Investment Management Co. reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 33.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,017 shares of the financial services provider’s stock after selling 9,030 shares during the quarter. Flputnam Investment Management Co.’s holdings in Arthur J. Gallagher & Co. were worth $5,580,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Factory Mutual Insurance Co. grew its position in Arthur J. Gallagher & Co. by 107.1% in the 2nd quarter. Factory Mutual Insurance Co. now owns 14,500 shares of the financial services provider’s stock worth $4,642,000 after purchasing an additional 7,500 shares during the last quarter. Fairfield Financial Advisors LTD raised its position in shares of Arthur J. Gallagher & Co. by 21.4% during the second quarter. Fairfield Financial Advisors LTD now owns 9,961 shares of the financial services provider’s stock valued at $3,189,000 after buying an additional 1,758 shares during the last quarter. Petra Financial Advisors Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at about $812,000. Boston Partners grew its position in Arthur J. Gallagher & Co. by 0.4% during the second quarter. Boston Partners now owns 735,759 shares of the financial services provider’s stock worth $234,226,000 after buying an additional 2,806 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Arthur J. Gallagher & Co. by 4.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,381,835 shares of the financial services provider’s stock valued at $762,473,000 after acquiring an additional 94,940 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Michael Robert Pesch purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $247.12 per share, with a total value of $988,480.00. Following the acquisition, the vice president directly owned 41,849 shares of the company’s stock, valued at approximately $10,341,724.88. This trade represents a 10.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CAO Richard C. Cary sold 6,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $261.00, for a total value of $1,566,000.00. Following the completion of the transaction, the chief accounting officer directly owned 50,668 shares in the company, valued at approximately $13,224,348. This represents a 10.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on AJG. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arthur J. Gallagher & Co. in a research report on Monday, December 15th. Wolfe Research set a $289.00 target price on Arthur J. Gallagher & Co. and gave the stock an “outperform” rating in a research report on Wednesday. Mizuho began coverage on shares of Arthur J. Gallagher & Co. in a research note on Monday, December 15th. They set a “neutral” rating and a $276.00 price target on the stock. Wells Fargo & Company set a $328.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Monday. Finally, Needham & Company LLC set a $272.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $302.22.

Arthur J. Gallagher & Co. Stock Up 0.2%

Shares of NYSE:AJG opened at $253.17 on Monday. The company’s fifty day moving average is $258.29 and its 200-day moving average is $288.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 52 week low of $236.34 and a 52 week high of $351.23. The company has a market capitalization of $65.01 billion, a PE ratio of 37.84 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.34 billion. Arthur J. Gallagher & Co. had a return on equity of 11.98% and a net margin of 13.58%.The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.26 EPS. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.65 dividend. The ex-dividend date was Friday, December 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. Arthur J. Gallagher & Co.’s payout ratio is 38.86%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.