Sigma Investment Counselors Inc. decreased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,940 shares of the financial services provider’s stock after selling 74 shares during the period. Sigma Investment Counselors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $2,516,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. purchased a new stake in Arthur J. Gallagher & Co. during the first quarter worth about $503,000. Atria Investments LLC increased its stake in Arthur J. Gallagher & Co. by 26.3% in the first quarter. Atria Investments LLC now owns 42,962 shares of the financial services provider’s stock worth $2,429,000 after buying an additional 8,941 shares in the last quarter. Visionary Asset Management Inc. increased its stake in Arthur J. Gallagher & Co. by 2.0% in the first quarter. Visionary Asset Management Inc. now owns 65,409 shares of the financial services provider’s stock worth $3,698,000 after buying an additional 1,276 shares in the last quarter. Gierl Augustine Investment Management Inc increased its stake in Arthur J. Gallagher & Co. by 0.6% in the first quarter. Gierl Augustine Investment Management Inc now owns 61,136 shares of the financial services provider’s stock worth $3,457,000 after buying an additional 366 shares in the last quarter. Finally, TNB Financial purchased a new stake in Arthur J. Gallagher & Co. during the first quarter worth about $8,484,000. Institutional investors and hedge funds own 82.16% of the company’s stock.

Arthur J. Gallagher & Co. (NYSE AJG) opened at 58.90 on Thursday. The company has a market capitalization of $10.61 billion, a P/E ratio of 23.75 and a beta of 1.19. The firm has a 50-day moving average price of $57.94 and a 200 day moving average price of $56.58. Arthur J. Gallagher & Co. has a 1-year low of $47.16 and a 1-year high of $59.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business earned $0.96 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Arthur J. Gallagher & Co. will post $3.00 EPS for the current year.

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

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A number of brokerages recently issued reports on AJG. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. boosted their price objective on Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $59.00.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 4,133 shares of the firm’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 of the company’s stock, valued at $6,278.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $58.49, for a total value of $58,490.00. Following the completion of the sale, the director now directly owns 12,100 shares in the company, valued at $707,729. The disclosure for this sale can be found here. Over the last three months, insiders 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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