Los Angeles Capital Management & Equity Research Inc. Has $17.16 Million Holdings in Arthur J Ga

Los Angeles Capital Management & Equity Research Inc. reduced its stake in shares of Arthur J Gallagher & Co (NYSE:AJG) by 17.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 232,884 shares of the financial services provider’s stock after selling 50,106 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Arthur J Gallagher & Co were worth $17,164,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in AJG. Aperio Group LLC boosted its stake in Arthur J Gallagher & Co by 11.5% in the third quarter. Aperio Group LLC now owns 56,344 shares of the financial services provider’s stock valued at $4,194,000 after buying an additional 5,830 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Arthur J Gallagher & Co by 0.7% in the third quarter. Russell Investments Group Ltd. now owns 225,417 shares of the financial services provider’s stock valued at $16,782,000 after buying an additional 1,480 shares in the last quarter. CWM LLC boosted its stake in Arthur J Gallagher & Co by 85,410.0% in the third quarter. CWM LLC now owns 17,102 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 17,082 shares in the last quarter. Arizona State Retirement System boosted its stake in Arthur J Gallagher & Co by 2.4% in the third quarter. Arizona State Retirement System now owns 112,798 shares of the financial services provider’s stock valued at $8,397,000 after buying an additional 2,658 shares in the last quarter. Finally, WBI Investments Inc. acquired a new stake in Arthur J Gallagher & Co in the third quarter valued at about $1,760,000. 83.25% of the stock is currently owned by institutional investors.

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In other news, Director David S. Johnson sold 5,000 shares of Arthur J Gallagher & Co stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $79.37, for a total transaction of $396,850.00. Following the sale, the director now directly owns 48,728 shares of the company’s stock, valued at $3,867,541.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Walter D. Bay sold 13,800 shares of Arthur J Gallagher & Co stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $80.00, for a total value of $1,104,000.00. Following the sale, the general counsel now directly owns 26,084 shares in the company, valued at $2,086,720. The disclosure for this sale can be found here. Insiders have sold 19,900 shares of company stock worth $1,586,276 over the last three months. Insiders own 1.60% of the company’s stock.

AJG has been the topic of several research analyst reports. Barclays raised their price objective on Arthur J Gallagher & Co from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday, November 12th. Morgan Stanley raised their price objective on Arthur J Gallagher & Co from $71.00 to $77.00 and gave the company a “hold” rating in a research note on Wednesday, November 14th. Zacks Investment Research raised Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, December 11th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Arthur J Gallagher & Co in a research note on Tuesday, December 11th. Finally, Keefe, Bruyette & Woods lowered Arthur J Gallagher & Co to a “market perform” rating in a research note on Thursday, December 13th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Arthur J Gallagher & Co currently has an average rating of “Buy” and a consensus target price of $79.56.

NYSE:AJG opened at $80.32 on Friday. Arthur J Gallagher & Co has a twelve month low of $64.54 and a twelve month high of $81.09. The stock has a market capitalization of $14.78 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.06 and a beta of 0.87. 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 announced its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. Arthur J Gallagher & Co had a return on equity of 14.03% and a net margin of 9.14%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.61 billion. Equities analysts predict that Arthur J Gallagher & Co will post 3.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, February 28th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 47.54%.

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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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