Settian Capital LP Acquires 1,000 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Settian Capital LP boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 50.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,000 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the quarter. Arthur J. Gallagher & Co. accounts for 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 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AJG. Quantbot Technologies LP purchased a new stake in shares of Arthur J. Gallagher & Co. in the third quarter worth approximately $3,391,000. Prospector Partners LLC lifted its position in shares of Arthur J. Gallagher & Co. by 0.3% during the 3rd quarter. Prospector Partners LLC now owns 80,964 shares of the financial services provider’s stock worth $22,781,000 after buying an additional 257 shares in the last quarter. FMR LLC boosted its stake 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 worth $3,462,392,000 after buying an additional 580,134 shares during the last quarter. Qsemble Capital Management LP bought a new position in shares of Arthur J. Gallagher & Co. in the third quarter valued at approximately $2,394,000. Finally, DRW Securities LLC increased its position in shares of Arthur J. Gallagher & Co. by 308.1% during the third quarter. DRW Securities LLC now owns 10,346 shares of the financial services provider’s stock valued at $2,911,000 after acquiring an additional 7,811 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen lifted 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. BMO Capital Markets lifted their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays increased their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, Bank of America boosted their price objective on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $291.64.

Arthur J. Gallagher & Co. Trading Down 0.6 %

Shares of AJG opened at $304.50 on Tuesday. The firm has a fifty day simple moving average of $288.69 and a two-hundred day simple moving average of $277.60. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $308.00. The stock has a market capitalization of $66.81 billion, a P/E ratio of 58.37, a PEG ratio of 2.59 and a beta of 0.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64.

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

Arthur J. Gallagher & Co. Dividend Announcement

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

Insider Activity at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the sale, the chief financial officer now owns 75,963 shares of the company’s stock, valued at $21,625,146.84. The trade was a 8.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the transaction, the vice president now owns 14,674 shares of the company’s stock, valued at $4,211,438. The trade was a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,900 shares of company stock worth $6,892,280 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Company 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.