UBS Asset Management Americas Inc. increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 401,721 shares of the company’s stock after buying an additional 17,496 shares during the period. UBS Asset Management Americas Inc. owned about 0.23% of Arthur J. Gallagher & Co. worth $19,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AJG. TIAA CREF Investment Management LLC increased its position in Arthur J. Gallagher & Co. by 3.9% in the first quarter. TIAA CREF Investment Management LLC now owns 345,206 shares of the company’s stock worth $15,355,000 after buying an additional 12,810 shares during the period. Ngam Advisors L.P. increased its position in Arthur J. Gallagher & Co. by 8.3% in the first quarter. Ngam Advisors L.P. now owns 137,846 shares of the company’s stock worth $6,132,000 after buying an additional 10,540 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in Arthur J. Gallagher & Co. by 477.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 99,656 shares of the company’s stock worth $4,433,000 after buying an additional 82,396 shares during the period. Patton Albertson Miller Group LLC bought a new position in Arthur J. Gallagher & Co. during the first quarter worth approximately $290,000. Finally, Virginia Retirement System bought a new position in Arthur J. Gallagher & Co. during the first quarter worth approximately $4,833,000. 81.89% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.491% during mid-day trading on Tuesday, hitting $50.145. The stock had a trading volume of 382,489 shares. Arthur J. Gallagher & Co. has a 52 week low of $35.96 and a 52 week high of $50.49. The company’s 50 day moving average price is $49.37 and its 200 day moving average price is $47.03. The firm has a market cap of $8.88 billion, a PE ratio of 22.731 and a beta of 1.14.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. The company earned $1.43 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. Analysts anticipate that Arthur J. Gallagher & Co. will post $2.78 earnings per share for the current year.

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

A number of research firms recently commented on AJG. Compass Point boosted their price target on Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $45.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Friday, July 29th. Keefe, Bruyette & Woods boosted their price target on Arthur J. Gallagher & Co. from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $47.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Monday, September 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $58.00 price target (up previously from $52.00) on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Arthur J. Gallagher & Co. has an average rating of “Buy” and an average target price of $50.23.

In other news, Director Kay W. Mccurdy sold 5,000 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $49.86, for a total transaction of $249,300.00. Following the completion of the transaction, the director now owns 36,095 shares in the company, valued at approximately $1,799,696.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David S. Johnson sold 3,125 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $49.69, for a total value of $155,281.25. Following the transaction, the director now owns 49,003 shares of the company’s stock, valued at approximately $2,434,959.07. 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.

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