Cadence Capital Management LLC increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,794 shares of the financial services provider’s stock after buying an additional 557 shares during the period. Cadence Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,019,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Somerset Trust Co raised its position 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 worth $498,000 after buying an additional 22 shares in the last quarter. Private Advisory Group LLC raised its position 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 worth $268,000 after buying an additional 32 shares in the last quarter. Contravisory Investment Management Inc. raised its position 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 worth $273,000 after buying an additional 32 shares in the last quarter. Cleararc Capital Inc. raised its position 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 worth $246,000 after buying an additional 40 shares in the last quarter. Finally, Advantus Capital Management Inc raised its position 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 worth $1,011,000 after buying an additional 70 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. (NYSE AJG) opened at 58.38 on Friday. The firm has a 50-day moving average price of $58.33 and a 200 day moving average price of $56.96. Arthur J. Gallagher & Co. has a 52 week low of $47.16 and a 52 week high of $59.64. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 23.54 and a beta of 1.19.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. Arthur J. Gallagher & Co.’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.67%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.90%.

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A number of equities analysts recently commented on the company. BidaskClub lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Citigroup Inc. lifted their price objective on Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 12th. 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, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $59.33.

In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 10,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total transaction of $587,300.00. Following the completion of the sale, the vice president now owns 96,186 shares in the company, valued at $5,649,003.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Susan E. Pietrucha sold 6,932 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.28, for a total value of $410,928.96. Following the sale, the insider now owns 3,253 shares of the company’s stock, valued at approximately $192,837.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,932 shares of company stock valued at $2,233,719. 1.60% of the stock is owned by company 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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