Commerce Bank Has $6.36 Million Position in Arthur J Gallagher & Co (NYSE:AJG)

Commerce Bank trimmed its position in Arthur J Gallagher & Co (NYSE:AJG) by 35.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,481 shares of the financial services provider’s stock after selling 45,350 shares during the period. Commerce Bank’s holdings in Arthur J Gallagher & Co were worth $6,364,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AJG. BlackRock Inc. grew its stake in shares of Arthur J Gallagher & Co by 23.3% in the fourth quarter. BlackRock Inc. now owns 19,674,828 shares of the financial services provider’s stock worth $1,450,035,000 after acquiring an additional 3,713,920 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Arthur J Gallagher & Co by 6,202.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,656,369 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 2,614,218 shares during the last quarter. Norges Bank purchased a new stake in shares of Arthur J Gallagher & Co in the fourth quarter worth $121,988,000. Lord Abbett & CO. LLC grew its stake in shares of Arthur J Gallagher & Co by 324.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 850,699 shares of the financial services provider’s stock worth $62,697,000 after acquiring an additional 650,199 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Arthur J Gallagher & Co by 9.4% in the first quarter. JPMorgan Chase & Co. now owns 5,536,639 shares of the financial services provider’s stock worth $432,410,000 after acquiring an additional 475,061 shares during the last quarter. 81.12% of the stock is currently owned by institutional investors.

In other news, Director Frank E. Jr. English sold 800 shares of Arthur J Gallagher & Co stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $83.08, for a total value of $66,464.00. Following the transaction, the director now directly owns 6,500 shares in the company, valued at approximately $540,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William L. Bax sold 1,200 shares of Arthur J Gallagher & Co stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $85.11, for a total value of $102,132.00. Following the completion of the transaction, the director now owns 40,570 shares in the company, valued at $3,452,912.70. The disclosure for this sale can be found here. Insiders have sold a total of 10,124 shares of company stock valued at $848,399 over the last three months. 1.30% of the stock is owned by corporate insiders.

NYSE AJG traded up $0.58 during trading on Friday, hitting $87.70. 593,395 shares of the stock traded hands, compared to its average volume of 1,027,673. The stock has a market capitalization of $16.25 billion, a PE ratio of 25.42, a P/E/G ratio of 2.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.12 and a quick ratio of 1.12. Arthur J Gallagher & Co has a 12-month low of $64.54 and a 12-month high of $88.58.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, April 25th. The financial services provider reported $1.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.02. Arthur J Gallagher & Co had a return on equity of 14.33% and a net margin of 9.79%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that Arthur J Gallagher & Co will post 3.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th 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 1.96%. The ex-dividend date is Thursday, June 6th. Arthur J Gallagher & Co’s dividend payout ratio is currently 49.86%.

A number of equities research analysts have recently commented on AJG shares. SunTrust Banks increased their target price on Arthur J Gallagher & Co to $95.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Morgan Stanley upped their price target on Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $100.00 price target (up from $93.00) on shares of Arthur J Gallagher & Co in a report on Friday. Finally, Barclays upped their price target on Arthur J Gallagher & Co from $93.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.44.

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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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