Teachers Retirement System of The State of Kentucky Has $1.32 Million Stake in

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Arthur J Gallagher & Co (NYSE:AJG) by 12.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,700 shares of the financial services provider’s stock after selling 2,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Arthur J Gallagher & Co were worth $1,318,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AJG. Chartwell Investment Partners LLC grew its holdings in shares of Arthur J Gallagher & Co by 21.5% during the third quarter. Chartwell Investment Partners LLC now owns 271,526 shares of the financial services provider’s stock valued at $20,213,000 after buying an additional 48,084 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Arthur J Gallagher & Co by 84.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,953 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 895 shares during the last quarter. Bollard Group LLC raised its holdings in Arthur J Gallagher & Co by 16.2% in the 3rd quarter. Bollard Group LLC now owns 63,755 shares of the financial services provider’s stock valued at $4,746,000 after acquiring an additional 8,900 shares during the last quarter. Linscomb & Williams Inc. acquired a new stake in Arthur J Gallagher & Co in the 3rd quarter valued at about $203,000. Finally, Zeke Capital Advisors LLC raised its holdings in Arthur J Gallagher & Co by 459.3% in the 3rd quarter. Zeke Capital Advisors LLC now owns 31,378 shares of the financial services provider’s stock valued at $2,336,000 after acquiring an additional 25,768 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

NYSE AJG traded down $2.05 during trading hours on Thursday, hitting $74.06. 39,394 shares of the company’s stock were exchanged, compared to its average volume of 1,199,273. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 1.09. Arthur J Gallagher & Co has a 1-year low of $62.04 and a 1-year high of $79.03. The stock has a market capitalization of $13.98 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.03 and a beta of 1.02.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Arthur J Gallagher & Co had a return on equity of 15.50% and a net margin of 9.04%. Equities analysts expect that Arthur J Gallagher & Co will post 3.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, December 6th. Arthur J Gallagher & Co’s payout ratio is 53.59%.

In other news, VP William F. Ziebell sold 12,500 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $74.78, for a total value of $934,750.00. Following the completion of the transaction, the vice president now owns 16,792 shares of the company’s stock, valued at approximately $1,255,705.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Walter D. Bay sold 3,985 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $75.09, for a total value of $299,233.65. Following the sale, the general counsel now owns 16,269 shares in the company, valued at $1,221,639.21. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Several research firms have recently weighed in on AJG. Wells Fargo & Co reissued a “buy” rating and issued a $85.00 price target on shares of Arthur J Gallagher & Co in a research note on Thursday, October 25th. Morgan Stanley lifted their price target on shares of Arthur J Gallagher & Co from $71.00 to $77.00 and gave the stock a “hold” rating in a research note on Wednesday, November 14th. Credit Suisse Group set a $84.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a research report on Tuesday, September 25th. William Blair restated a “buy” rating on shares of Arthur J Gallagher & Co in a research note on Thursday, August 16th. Finally, ValuEngine upgraded shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $78.55.

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Arthur J Gallagher & Co 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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