Dynamic Technology Lab Private Ltd bought a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,793 shares of the company’s stock, valued at approximately $418,000.

Other hedge funds have also recently modified their holdings of the company. Endeavour Capital Advisors Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 30.7% in the first quarter. Endeavour Capital Advisors Inc. now owns 928,818 shares of the company’s stock worth $41,314,000 after buying an additional 218,203 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Arthur J. Gallagher & Co. by 38.2% in the first quarter. Wellington Management Group LLP now owns 1,499,053 shares of the company’s stock worth $66,678,000 after buying an additional 414,437 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted 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 worth $2,456,000 after buying an additional 3,787 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Arthur J. Gallagher & Co. by 2.8% in the first quarter. Pictet Asset Management Ltd. now owns 59,500 shares of the company’s stock worth $2,371,000 after buying an additional 1,600 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth about $314,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 50.66 on Thursday. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 22.96 and a beta of 1.14. The company’s 50 day moving average price is $49.43 and its 200 day moving average price is $47.12. Arthur J. Gallagher & Co. has a 52-week low of $35.96 and a 52-week high of $50.71.

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, beating the Zacks’ consensus estimate of $0.96 by $0.01. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. Analysts forecast that Arthur J. Gallagher & Co. will post $2.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Wednesday, August 31st. Arthur J. Gallagher & Co.’s dividend payout ratio is 69.09%.

A number of analysts have recently issued reports on AJG shares. Compass Point boosted their target price 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. JPMorgan Chase & Co. reiterated a “sell” rating and set a $45.00 target price on shares of Arthur J. Gallagher & Co. in a report on Friday, July 29th. Credit Suisse Group AG restated a “buy” rating and issued a $47.00 price target on shares of Arthur J. Gallagher & Co. in a report on Monday, September 12th. 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. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $50.23.

In other news, CFO Douglas K. Howell sold 9,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the sale, the chief financial officer now owns 43,018 shares of the company’s stock, valued at approximately $2,155,201.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank E. Jr. English sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $49.60, for a total value of $148,800.00. Following the sale, the director now directly owns 10,150 shares in the company, valued at approximately $503,440. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

About Arthur J. Gallagher & Co.

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.

5 Day Chart for NYSE:AJG

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).

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.