DMKC Advisory Services LLC Purchases New Position in Arthur J. Gallagher & Co. $AJG

DMKC Advisory Services LLC purchased a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,922 shares of the financial services provider’s stock, valued at approximately $2,263,000.

Several other hedge funds have also recently bought and sold shares of the company. 71 West Capital Partners boosted its position in shares of Arthur J. Gallagher & Co. by 11.4% in the 3rd quarter. 71 West Capital Partners now owns 1,785 shares of the financial services provider’s stock worth $407,000 after buying an additional 182 shares in the last quarter. AlphaCore Capital LLC grew its stake in Arthur J. Gallagher & Co. by 83.7% in the 3rd quarter. AlphaCore Capital LLC now owns 3,779 shares of the financial services provider’s stock valued at $862,000 after acquiring an additional 1,722 shares during the last quarter. Running Oak Capital LLC grew its stake in Arthur J. Gallagher & Co. by 2.6% in the 3rd quarter. Running Oak Capital LLC now owns 51,111 shares of the financial services provider’s stock valued at $11,659,000 after acquiring an additional 1,315 shares during the last quarter. Retirement Systems of Alabama increased its holdings in Arthur J. Gallagher & Co. by 27.2% during the 3rd quarter. Retirement Systems of Alabama now owns 254,812 shares of the financial services provider’s stock valued at $59,327,000 after acquiring an additional 54,454 shares in the last quarter. Finally, Fulcrum Asset Management LLP increased its holdings in Arthur J. Gallagher & Co. by 11.0% during the 3rd quarter. Fulcrum Asset Management LLP now owns 27,281 shares of the financial services provider’s stock valued at $6,384,000 after acquiring an additional 2,698 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AJG has been the topic of several recent research reports. Jefferies Financial Group upped their price target on shares of Arthur J. Gallagher & Co. from $295.00 to $319.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. UBS Group increased their price target on shares of Arthur J. Gallagher & Co. from $299.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. Argus raised their price objective on shares of Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. The Goldman Sachs Group restated a “buy” rating and set a $296.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Friday, October 30th. Finally, Wells Fargo & Company upped their target price on Arthur J. Gallagher & Co. from $284.00 to $312.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $292.05.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP William F. Ziebell sold 23,510 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $286.62, for a total value of $6,738,436.20. Following the completion of the sale, the vice president directly owned 48,942 shares of the company’s stock, valued at approximately $14,027,756.04. The trade was a 32.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $264.13, for a total value of $3,169,560.00. Following the completion of the transaction, the vice president owned 90,262 shares of the company’s stock, valued at $23,840,902.06. This trade represents a 11.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 90,596 shares of company stock valued at $24,953,010. 1.40% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Trading Down 0.4%

Arthur J. Gallagher & Co. stock opened at $280.44 on Tuesday. The stock has a market cap of $71.88 billion, a PE ratio of 22.73, a P/E/G ratio of 1.66 and a beta of 0.47. The stock has a 50-day moving average price of $250.30 and a 200 day moving average price of $233.34. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $294.53. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 29th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.01. Arthur J. Gallagher & Co. had a net margin of 10.39% and a return on equity of 13.90%. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the firm earned $2.32 EPS. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. Equities research analysts predict that Arthur J. Gallagher & Co. will post 13.13 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, December 7th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, December 7th. Arthur J. Gallagher & Co.’s payout ratio is currently 42.81%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management services firm. It helps businesses and other organizations assess and manage risk, arrange insurance coverage, and address employee benefits needs.

The company’s services include insurance brokerage, risk management consulting, employee benefits consulting, and claims and settlement services through its Gallagher Bassett business. It serves clients in the United States and internationally, including through a network of correspondent brokers.

Founded in 1927 by Arthur J.