Arthur J Gallagher & Co (AJG) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA lifted its position in shares of Arthur J Gallagher & Co (NYSE:AJG) by 504.6% during the first quarter, HoldingsChannel reports. The firm owned 338,666 shares of the financial services provider’s stock after acquiring an additional 282,648 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Arthur J Gallagher & Co were worth $26,450,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of AJG. JPMorgan Chase & Co. increased its position in shares of Arthur J Gallagher & Co by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 3,682,827 shares of the financial services provider’s stock worth $274,149,000 after purchasing an additional 115,903 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Arthur J Gallagher & Co by 14.7% during the third quarter. Pacer Advisors Inc. now owns 9,452 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 1,208 shares in the last quarter. AQR Capital Management LLC increased its position in Arthur J Gallagher & Co by 41.8% in the 3rd quarter. AQR Capital Management LLC now owns 344,477 shares of the financial services provider’s stock valued at $25,643,000 after acquiring an additional 101,482 shares during the period. Nordea Investment Management AB increased its position in Arthur J Gallagher & Co by 8.9% in the 3rd quarter. Nordea Investment Management AB now owns 56,024 shares of the financial services provider’s stock valued at $4,171,000 after acquiring an additional 4,570 shares during the period. Finally, Standard Life Aberdeen plc increased its position in Arthur J Gallagher & Co by 8.0% in the 3rd quarter. Standard Life Aberdeen plc now owns 73,424 shares of the financial services provider’s stock valued at $5,466,000 after acquiring an additional 5,417 shares during the period. Institutional investors and hedge funds own 82.84% of the company’s stock.

Several equities analysts recently issued reports on AJG shares. Zacks Investment Research restated a “hold” rating and issued a $80.00 price target on shares of Arthur J Gallagher & Co in a research report on Monday, December 31st. Wells Fargo & Co restated a “buy” rating and issued a $85.00 price target on shares of Arthur J Gallagher & Co in a research report on Thursday, January 31st. Finally, Barclays boosted their price target on Arthur J Gallagher & Co from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $82.38.

Shares of AJG stock opened at $82.79 on Friday. Arthur J Gallagher & Co has a 52-week low of $64.54 and a 52-week high of $82.99. The stock has a market capitalization of $15.11 billion, a P/E ratio of 24.00, a P/E/G ratio of 2.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.02. Arthur J Gallagher & Co had a return on equity of 14.03% and a net margin of 9.14%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company earned $1.52 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that Arthur J Gallagher & Co will post 3.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, June 6th. Arthur J Gallagher & Co’s dividend payout ratio is presently 49.86%.

In other Arthur J Gallagher & Co news, VP Scott R. Hudson sold 10,200 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $78.99, for a total value of $805,698.00. Following the sale, the vice president now owns 31,612 shares of the company’s stock, valued at approximately $2,497,031.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank E. Jr. English sold 1,100 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $77.66, for a total value of $85,426.00. Following the completion of the sale, the director now directly owns 7,300 shares in the company, valued at approximately $566,918. The disclosure for this sale can be found here. Insiders sold a total of 43,700 shares of company stock worth $3,470,046 in the last ninety days. 1.30% of the stock is owned by corporate insiders.

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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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