Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Settian Capital LP

Settian Capital LP boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 50.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the quarter. Arthur J. Gallagher & Co. comprises about 0.6% of Settian Capital LP’s investment portfolio, making the stock its 28th biggest holding. Settian Capital LP’s holdings in Arthur J. Gallagher & Co. were worth $844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of Arthur J. Gallagher & Co. during the third quarter worth $3,391,000. Prospector Partners LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.3% during the third quarter. Prospector Partners LLC now owns 80,964 shares of the financial services provider’s stock valued at $22,781,000 after acquiring an additional 257 shares during the period. FMR LLC lifted its position in shares of Arthur J. Gallagher & Co. by 4.9% in the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock valued at $3,462,392,000 after acquiring an additional 580,134 shares in the last quarter. Qsemble Capital Management LP purchased a new position in Arthur J. Gallagher & Co. during the 3rd quarter worth approximately $2,394,000. Finally, DRW Securities LLC raised its stake in Arthur J. Gallagher & Co. by 308.1% during the 3rd quarter. DRW Securities LLC now owns 10,346 shares of the financial services provider’s stock valued at $2,911,000 after purchasing an additional 7,811 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at approximately $21,625,146.84. This represents a 8.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Robert Pesch sold 7,100 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $296.20, for a total value of $2,103,020.00. Following the completion of the sale, the president now directly owns 33,267 shares of the company’s stock, valued at $9,853,685.40. This trade represents a 17.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,900 shares of company stock valued at $6,892,280. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Trading Down 0.6 %

AJG stock opened at $304.50 on Tuesday. The stock has a market cap of $66.81 billion, a price-to-earnings ratio of 58.37, a price-to-earnings-growth ratio of 2.59 and a beta of 0.72. The company has a fifty day moving average price of $288.69 and a two-hundred day moving average price of $277.60. Arthur J. Gallagher & Co. has a one year low of $218.63 and a one year high of $308.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.79%. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

Analysts Set New Price Targets

Several research firms recently weighed in on AJG. Barclays upped their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. TD Cowen raised their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. BMO Capital Markets increased their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group boosted their price target on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $291.64.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.