Advisors Asset Management Inc. lowered its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,496 shares of the company’s stock after selling 973 shares during the period. Advisors Asset Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,261,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Royal London Asset Management Ltd. raised its position in Arthur J. Gallagher & Co. by 2.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 62,792 shares of the company’s stock valued at $2,597,000 after buying an additional 1,550 shares during the last quarter. Norges Bank bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $58,735,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Arthur J. Gallagher & Co. by 7.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,225 shares of the company’s stock valued at $2,456,000 after buying an additional 3,787 shares during the period. HHG & Company LLC increased its stake in shares of Arthur J. Gallagher & Co. by 4.4% in the first quarter. HHG & Company LLC now owns 56,353 shares of the company’s stock valued at $2,507,000 after buying an additional 2,396 shares during the period. Finally, Tompkins Financial Corp increased its stake in shares of Arthur J. Gallagher & Co. by 9.2% in the first quarter. Tompkins Financial Corp now owns 39,481 shares of the company’s stock valued at $1,756,000 after buying an additional 3,335 shares during the period. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.50% on Monday, reaching $49.90. The company had a trading volume of 1,095,894 shares. The firm has a market capitalization of $8.83 billion, a PE ratio of 22.62 and a beta of 1.14. The stock has a 50 day moving average of $49.32 and a 200 day moving average of $46.75. Arthur J. Gallagher & Co. has a 12 month low of $35.96 and a 12 month high of $50.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.01. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Arthur J. Gallagher & Co. had a return on equity of 12.89% and a net margin of 7.11%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, analysts anticipate that Arthur J. Gallagher & Co. will post $2.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Wednesday, August 31st. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 69.09%.

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. restated a “sell” rating and set a $45.00 price target on shares of Arthur J. Gallagher & Co. in a report on Friday, July 29th. Keefe, Bruyette & Woods upped their price target on Arthur J. Gallagher & Co. from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Credit Suisse Group AG restated a “buy” rating and set a $47.00 price target on shares of Arthur J. Gallagher & Co. in a report on Monday, September 12th. Compass Point upped their price target on Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $50.23.

In related news, Director Kay W. Mccurdy sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $49.86, for a total value of $249,300.00. Following the transaction, the director now owns 36,095 shares in the company, valued at $1,799,696.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Norman L. Rosenthal sold 9,375 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $49.26, for a total value of $461,812.50. Following the completion of the transaction, the director now owns 28,399 shares in the company, valued at approximately $1,398,934.74. The disclosure for this sale can be found here. Company 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.

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