Todays Report: Today, Wells Fargo & Company MN Reached $18,606,000 position of Arthur J. Gallagher & Co. (AJG)

Today, Wells Fargo & Company MN Reached $18,606,000 position  of Arthur J. Gallagher & Co. (AJG)

Wells Fargo & Company MN boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 365,761 shares of the company’s stock after buying an additional 5,260 shares during the period. Wells Fargo & Company MN owned approximately 0.21% of Arthur J. Gallagher & Co. worth $18,606,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. GW Henssler & Associates Ltd. boosted its stake in shares of Arthur J. Gallagher & Co. by 4.7% in the third quarter. GW Henssler & Associates Ltd. now owns 108,258 shares of the company’s stock valued at $5,507,000 after buying an additional 4,835 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 0.4% in the third quarter. Savant Capital LLC now owns 6,786 shares of the company’s stock valued at $345,000 after buying an additional 30 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Arthur J. Gallagher & Co. by 3.0% in the third quarter. World Asset Management Inc now owns 17,775 shares of the company’s stock valued at $904,000 after buying an additional 514 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Arthur J. Gallagher & Co. during the third quarter valued at $366,000. Finally, Rothschild Asset Management Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 5.8% in the third quarter. Rothschild Asset Management Inc. now owns 9,653 shares of the company’s stock valued at $491,000 after buying an additional 529 shares during the last quarter. 82.10% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.39% during mid-day trading on Friday, reaching $51.86. 322,558 shares of the company’s stock were exchanged. The firm has a market capitalization of $9.23 billion, a P/E ratio of 24.17 and a beta of 1.10. The company’s 50-day moving average is $49.81 and its 200 day moving average is $48.96. Arthur J. Gallagher & Co. has a one year low of $35.96 and a one year high of $52.34.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. The company earned $1.48 billion during the quarter, compared to analyst estimates of $388.20 million. Arthur J. Gallagher & Co. had a net margin of 6.88% and a return on equity of 12.86%. Arthur J. Gallagher & Co.’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities analysts predict that Arthur J. Gallagher & Co. will post $2.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, November 30th. Arthur J. Gallagher & Co.’s payout ratio is 71.03%.

Several equities research analysts have weighed in on the stock. Goldman Sachs Group Inc. cut shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 15th. Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Citigroup Inc. upped their price objective on shares of Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Barclays PLC upped their price objective on shares of Arthur J. Gallagher & Co. from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Sunday, October 2nd. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Tuesday, September 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $51.69.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 8,230 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, November 7th. The shares were sold at an average price of $48.29, for a total transaction of $397,426.70. Following the completion of the transaction, the chief accounting officer now directly owns 32,330 shares of the company’s stock, valued at $1,561,215.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan E. Pietrucha sold 6,955 shares of Arthur J. Gallagher & Co. stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $50.35, for a total transaction of $350,184.25. Following the transaction, the insider now directly owns 6,955 shares of the company’s stock, valued at $350,184.25. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

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