Great West Life Assurance Co. Can decreased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,268 shares of the financial services provider’s stock after selling 12,875 shares during the period. Great West Life Assurance Co. Can’s holdings in Arthur J. Gallagher & Co. were worth $10,589,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Somerset Trust Co increased its stake in Arthur J. Gallagher & Co. by 0.3% in the second quarter. Somerset Trust Co now owns 8,698 shares of the financial services provider’s stock valued at $498,000 after buying an additional 22 shares in the last quarter. Private Advisory Group LLC increased its stake in Arthur J. Gallagher & Co. by 0.7% in the first quarter. Private Advisory Group LLC now owns 4,747 shares of the financial services provider’s stock valued at $268,000 after buying an additional 32 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Arthur J. Gallagher & Co. by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,775 shares of the financial services provider’s stock valued at $273,000 after buying an additional 32 shares in the last quarter. Cleararc Capital Inc. increased its stake in Arthur J. Gallagher & Co. by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,349 shares of the financial services provider’s stock valued at $246,000 after buying an additional 40 shares in the last quarter. Finally, Advantus Capital Management Inc increased its stake in Arthur J. Gallagher & Co. by 0.4% in the first quarter. Advantus Capital Management Inc now owns 17,875 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 70 shares in the last quarter. 82.16% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. (NYSE AJG) opened at 58.90 on Thursday. The stock has a market capitalization of $10.61 billion, a P/E ratio of 23.75 and a beta of 1.19. The stock’s 50 day moving average price is $57.94 and its 200-day moving average price is $56.58. Arthur J. Gallagher & Co. has a 52 week low of $47.16 and a 52 week high of $59.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts expect that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.56 annualized dividend and a yield of 2.65%. Arthur J. Gallagher & Co.’s payout ratio is 62.90%.

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Several research firms have commented on AJG. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, April 28th. BidaskClub downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Citigroup Inc. upped their price objective on Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $59.00.

In related news, VP William F. Ziebell sold 7,764 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $56.59, for a total transaction of $439,364.76. Following the sale, the vice president now owns 8,495 shares of the company’s stock, valued at $480,732.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan E. Pietrucha sold 4,133 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $56.06, for a total value of $231,695.98. Following the sale, the insider now directly owns 112 shares in the company, valued at approximately $6,278.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,829 shares of company stock worth $2,904,780. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are 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.

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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