Strs Ohio Decreased Gallagher (Arthur) J & Co. (NYSE:AJG) Stake By $22.94 Million

January 23, 2018 - By Marguerite Chambers

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.45, from 1.53 in 2017Q2. It dived, as 33 investors sold AJG shares while 153 reduced holdings. 59 funds opened positions while 141 raised stakes. 143.95 million shares or 0.70% more from 142.95 million shares in 2017Q2 were reported. Utd Serv Automobile Association owns 0.08% invested in Arthur J. Gallagher & Co. (NYSE:AJG) for 468,634 shares. 706,376 are owned by Deutsche Comml Bank Ag. 4,900 were reported by Highvista Strategies Ltd Liability Co. Vaughan Nelson L P reported 1.64 million shares stake. Teacher Retirement System Of Texas stated it has 144,378 shares or 0.05% of all its holdings. Glenmede Trust Na has invested 0% in Arthur J. Gallagher & Co. (NYSE:AJG). Dynamic Mngmt holds 60,588 shares. Smithfield Trust invested in 1,590 shares. Commonwealth Equity Services has invested 0.01% in Arthur J. Gallagher & Co. (NYSE:AJG). State Street reported 0.05% of its portfolio in Arthur J. Gallagher & Co. (NYSE:AJG). Moreover, Pub Employees Retirement System Of Ohio has 0.02% invested in Arthur J. Gallagher & Co. (NYSE:AJG) for 76,906 shares. Bluemountain Capital Mgmt Lc stated it has 0.01% in Arthur J. Gallagher & Co. (NYSE:AJG). State Bank Of America De invested in 1.89 million shares. New York-based Tiaa Cref Investment Mgmt Ltd has invested 0.01% in Arthur J. Gallagher & Co. (NYSE:AJG). Tci Wealth Inc invested 0.03% of its portfolio in Arthur J. Gallagher & Co. (NYSE:AJG).

Since August 1, 2017, it had 0 insider purchases, and 4 insider sales for $1.80 million activity. Cavaness Joel D sold $587,300 worth of stock or 10,000 shares. HOWELL DOUGLAS K sold $597,821 worth of stock or 9,967 shares.

Strs Ohio decreased its stake in Gallagher (Arthur) J & Co. (NYSE:AJG) by 36.4% based on its latest 2017Q4 regulatory filing with the SEC. Strs Ohio sold 364,111 shares as the company’s stock declined 2.07% while stock markets rallied. The institutional investor held 636,283 shares of the specialty insurers company at the end of 2017Q4, valued at $40.26M, down from 1.00M at the end of the previous reported quarter. Strs Ohio who had been investing in Gallagher (Arthur) J & Co. for a number of months, seems to be less bullish one the $11.75B market cap company. The stock increased 0.37% or $0.24 during the last trading session, reaching $64.99. About 115,729 shares traded. Arthur J. Gallagher & Co. (NYSE:AJG) has risen 17.09% since January 23, 2017 and is uptrending. It has outperformed by 0.39% the S&P500.

Strs Ohio, which manages about $23.41 billion US Long portfolio, upped its stake in Paypal Holdings Inc () by 214,281 shares to 1.53 million shares, valued at $112.29 million in 2017Q4, according to the filing. It also increased its holding in Royal Caribbean Cruises Ltd (NYSE:RCL) by 96,396 shares in the quarter, for a total of 357,996 shares, and has risen its stake in Morgan Stanley (NYSE:MS).

Arthur J. Gallagher & Co. (NYSE:AJG) Ratings Coverage

Among 14 analysts covering Arthur J. Gallagher (NYSE:AJG), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. Arthur J. Gallagher has $77.0 highest and $44 lowest target. $62.82’s average target is -3.34% below currents $64.99 stock price. Arthur J. Gallagher had 44 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of Arthur J. Gallagher & Co. (NYSE:AJG) earned “Market Perform” rating by Raymond James on Tuesday, May 2. Credit Suisse maintained the stock with “Outperform” rating in Friday, October 27 report. The firm has “Buy” rating by Wells Fargo given on Tuesday, June 13. As per Monday, October 16, the company rating was maintained by Barclays Capital. RBC Capital Markets maintained Arthur J. Gallagher & Co. (NYSE:AJG) rating on Friday, July 28. RBC Capital Markets has “Hold” rating and $5900 target. The firm earned “Hold” rating on Tuesday, September 5 by RBC Capital Markets. On Thursday, October 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Wells Fargo maintained the shares of AJG in report on Friday, April 28 with “Buy” rating. The company was maintained on Monday, October 9 by RBC Capital Markets. On Monday, November 2 the stock rating was downgraded by Goldman Sachs to “Neutral”.

Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage and risk management services in the United States and internationally. The company has market cap of $11.75 billion. The Company’s Brokerage segment consists of retail and wholesale insurance brokerage operations. It has a 25.98 P/E ratio. The companyÂ’s retail brokerage activities negotiate and place property/casualty, employer-provided health and welfare insurance, and healthcare exchange and retirement solutions primarily for middle-market commercial, industrial, public entity, religious, and not-for-profit entities.

More notable recent Arthur J. Gallagher & Co. (NYSE:AJG) news were published by: Dailyherald.com which released: “Arthur J. Gallagher acquires The Daniels Group” on January 16, 2018, also Insurancejournal.com with their article: “Arthur J. Gallagher & Co. Acquires New Jersey’s The Daniels Group” published on January 18, 2018, Nasdaq.com published: “Arthur J. Gallagher (AJG) Looks Promising: Time to Add?” on December 28, 2017. More interesting news about Arthur J. Gallagher & Co. (NYSE:AJG) were released by: Nasdaq.com and their article: “Arthur J. Gallagher (AJG) Q4 Earnings: Rising Costs to Hurt?” published on January 22, 2018 as well as Prnewswire.com‘s news article titled: “Arthur J. Gallagher & Co. Acquires The Daniels Group, Inc.” with publication date: January 15, 2018.

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