Jane Street Group LLC Purchases New Position in Arthur J. Gallagher & Co. (AJG), Report finds

Jane Street Group LLC Purchases New Position in Arthur J. Gallagher & Co. (AJG), Report finds

Jane Street Group LLC purchased a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,401 shares of the company’s stock, valued at approximately $886,000.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Arthur J. Gallagher & Co. by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 641,843 shares of the company’s stock valued at $30,548,000 after buying an additional 90,339 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in Arthur J. Gallagher & Co. by 1.0% in the second quarter. Ropes Wealth Advisors LLC now owns 10,089 shares of the company’s stock valued at $480,000 after buying an additional 95 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Arthur J. Gallagher & Co. by 4.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 25,757 shares of the company’s stock valued at $1,226,000 after buying an additional 1,000 shares during the last quarter. Kleinwort Benson Investors Dublin Ltd bought a new stake in Arthur J. Gallagher & Co. during the second quarter valued at about $37,142,000. Finally, Fort Pitt Capital Group LLC raised its stake in Arthur J. Gallagher & Co. by 8.2% in the second quarter. Fort Pitt Capital Group LLC now owns 638,303 shares of the company’s stock valued at $30,383,000 after buying an additional 48,268 shares during the last quarter. 82.12% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.24% on Wednesday, reaching $54.06. The company’s stock had a trading volume of 632,251 shares. The company has a 50 day moving average of $52.95 and a 200 day moving average of $50.61. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 23.30 and a beta of 1.14. Arthur J. Gallagher & Co. has a 52 week low of $37.19 and a 52 week high of $54.65.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.66 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. Arthur J. Gallagher & Co. had a return on equity of 13.31% and a net margin of 7.41%. The company earned $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $0.59 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that Arthur J. Gallagher & Co. will post $3.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, March 3rd will be issued a dividend of $0.39 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, March 1st. Arthur J. Gallagher & Co.’s payout ratio is currently 65.52%.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on Arthur J. Gallagher & Co. from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 1st. Citigroup Inc. raised their price objective on Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Goldman Sachs Group, Inc. (The) lowered Arthur J. Gallagher & Co. from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and a consensus target price of $52.89.

In other news, Director Kay W. Mccurdy sold 2,330 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $54.15, for a total transaction of $126,169.50. Following the transaction, the director now directly owns 33,425 shares in the company, valued at approximately $1,809,963.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William L. Bax sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $49.80, for a total value of $199,200.00. Following the transaction, the director now owns 34,320 shares in the company, valued at $1,709,136. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,019 shares of company stock worth $2,387,060. Insiders own 1.70% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJG).

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Jane Street Group LLC Purchases New Position in Arthur J. Gallagher & Co. (AJG)

Jane Street Group LLC Purchases New Position in Arthur J. Gallagher & Co. (AJG)

Jane Street Group LLC purchased a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,401 shares of the company’s stock, valued at approximately $886,000.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Arthur J. Gallagher & Co. by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 641,843 shares of the company’s stock valued at $30,548,000 after buying an additional 90,339 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in Arthur J. Gallagher & Co. by 1.0% in the second quarter. Ropes Wealth Advisors LLC now owns 10,089 shares of the company’s stock valued at $480,000 after buying an additional 95 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Arthur J. Gallagher & Co. by 4.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 25,757 shares of the company’s stock valued at $1,226,000 after buying an additional 1,000 shares during the last quarter. Kleinwort Benson Investors Dublin Ltd bought a new stake in Arthur J. Gallagher & Co. during the second quarter valued at about $37,142,000. Finally, Fort Pitt Capital Group LLC raised its stake in Arthur J. Gallagher & Co. by 8.2% in the second quarter. Fort Pitt Capital Group LLC now owns 638,303 shares of the company’s stock valued at $30,383,000 after buying an additional 48,268 shares during the last quarter. 82.12% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.24% on Wednesday, reaching $54.06. The company’s stock had a trading volume of 632,251 shares. The company has a 50 day moving average of $52.95 and a 200 day moving average of $50.61. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 23.30 and a beta of 1.14. Arthur J. Gallagher & Co. has a 52 week low of $37.19 and a 52 week high of $54.65.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.66 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. Arthur J. Gallagher & Co. had a return on equity of 13.31% and a net margin of 7.41%. The company earned $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $0.59 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that Arthur J. Gallagher & Co. will post $3.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, March 3rd will be issued a dividend of $0.39 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, March 1st. Arthur J. Gallagher & Co.’s payout ratio is currently 65.52%.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on Arthur J. Gallagher & Co. from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 1st. Citigroup Inc. raised their price objective on Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Goldman Sachs Group, Inc. (The) lowered Arthur J. Gallagher & Co. from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and a consensus target price of $52.89.

In other news, Director Kay W. Mccurdy sold 2,330 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $54.15, for a total transaction of $126,169.50. Following the transaction, the director now directly owns 33,425 shares in the company, valued at approximately $1,809,963.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William L. Bax sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $49.80, for a total value of $199,200.00. Following the transaction, the director now owns 34,320 shares in the company, valued at $1,709,136. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,019 shares of company stock worth $2,387,060. Insiders own 1.70% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJG).

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