DNB Asset Management AS Has $1.67 Million Stake in Arthur J Gallagher & Co (AJG)

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DNB Asset Management AS lifted its stake in Arthur J Gallagher & Co (NYSE:AJG) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,410 shares of the financial services provider’s stock after purchasing an additional 610 shares during the quarter. DNB Asset Management AS’s holdings in Arthur J Gallagher & Co were worth $1,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Arthur J Gallagher & Co by 23.3% in the 4th quarter. BlackRock Inc. now owns 19,674,828 shares of the financial services provider’s stock worth $1,450,035,000 after purchasing an additional 3,713,920 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Arthur J Gallagher & Co by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 19,570,551 shares of the financial services provider’s stock worth $1,456,832,000 after purchasing an additional 259,584 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Arthur J Gallagher & Co by 0.3% in the 4th quarter. Baillie Gifford & Co. now owns 7,143,637 shares of the financial services provider’s stock worth $526,486,000 after purchasing an additional 18,790 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Arthur J Gallagher & Co by 3.2% in the 3rd 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. Finally, Oregon Public Employees Retirement Fund lifted its position in Arthur J Gallagher & Co by 6,202.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,656,369 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 2,614,218 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on AJG. Barclays upped their price objective 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. Wells Fargo & Co reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Arthur J Gallagher & Co in a research report on Thursday, January 31st. Finally, Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.38.

AJG stock opened at $80.26 on Thursday. The company has a market capitalization of $14.99 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Arthur J Gallagher & Co has a 12-month low of $64.54 and a 12-month high of $81.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings data on Thursday, January 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Arthur J Gallagher & Co had a return on equity of 14.03% and a net margin of 9.14%. As a group, analysts forecast that Arthur J Gallagher & Co will post 3.8 EPS for the current year.

In other news, CFO Douglas K. Howell sold 13,600 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $79.27, for a total transaction of $1,078,072.00. Following the transaction, the chief financial officer now directly owns 47,577 shares of the company’s stock, valued at approximately $3,771,428.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank E. Jr. English sold 1,100 shares of the stock in a transaction 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 transaction, the director now directly owns 7,300 shares in the company, valued at $566,918. The disclosure for this sale can be found here. Insiders have sold a total of 43,700 shares of company stock worth $3,470,046 over the last three months. Insiders own 1.30% of the company’s stock.

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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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