Arthur J. Gallagher & Co. $AJG Stock Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 132.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,826 shares of the financial services provider's stock after purchasing an additional 4,459 shares during the quarter. Evergreen Capital Management LLC's holdings in Arthur J. Gallagher & Co. were worth $1,785,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in Arthur J. Gallagher & Co. by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,242,088 shares of the financial services provider's stock worth $702,182,000 after buying an additional 409,145 shares in the last quarter. Gtcr LLC purchased a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $514,112,000. Janus Henderson Group PLC grew its stake in shares of Arthur J. Gallagher & Co. by 5.4% in the first quarter. Janus Henderson Group PLC now owns 1,970,990 shares of the financial services provider's stock worth $426,887,000 after acquiring an additional 101,431 shares in the last quarter. Bank of America Corp DE increased its position in shares of Arthur J. Gallagher & Co. by 23.0% during the first quarter. Bank of America Corp DE now owns 1,854,488 shares of the financial services provider's stock worth $401,645,000 after acquiring an additional 346,409 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Arthur J. Gallagher & Co. by 0.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,453,774 shares of the financial services provider's stock worth $333,743,000 after acquiring an additional 3,905 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Scott Hudson sold 12,000 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the sale, the vice president owned 90,262 shares of the company's stock, valued at approximately $23,840,902.06. This trade represents a 11.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Richard Cary sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $252.86, for a total value of $252,860.00. Following the sale, the chief accounting officer owned 46,819 shares of the company's stock, valued at approximately $11,838,652.34. The trade was a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,500 shares of company stock worth $7,562,950 over the last 90 days. Insiders own 1.40% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $266.55 on Tuesday. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $281.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $68.32 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 1.53 and a beta of 0.55. The business's fifty day moving average price is $247.08 and its 200 day moving average price is $232.48.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.03. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%. Arthur J. Gallagher & Co.'s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 EPS. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 13.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 46.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AJG. Barclays increased their price objective on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an "overweight" rating in a research note on Tuesday, July 7th. Wells Fargo & Company lowered their target price on Arthur J. Gallagher & Co. from $291.00 to $284.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Wolfe Research downgraded Arthur J. Gallagher & Co. from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, October 9th. Finally, BMO Capital Markets decreased their price objective on Arthur J. Gallagher & Co. from $278.00 to $255.00 and set an "outperform" rating for the company in a research note on Thursday, October 1st. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $280.74.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.

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