Aviva PLC raised its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,022 shares of the financial services provider’s stock after buying an additional 990 shares during the period. Aviva PLC owned approximately 0.06% of Arthur J. Gallagher & Co. worth $6,356,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Somerset Trust Co raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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. Institutional investors and hedge funds own 81.54% of the company’s stock.

Shares of Arthur J. Gallagher & Co. (NYSE AJG) opened at 57.82 on Thursday. The firm has a 50-day moving average of $58.33 and a 200 day moving average of $56.96. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $59.64. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 23.31 and a beta of 1.19.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The firm 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 business posted $0.96 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Wednesday, August 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.90%.

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Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Citigroup Inc. increased their price objective on shares of Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, July 13th. Royal Bank Of Canada restated a “hold” rating and issued a $54.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Friday, June 9th. One investment 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 currently has an average rating of “Hold” and a consensus target price of $59.33.

In other news, Director Frank E. Jr. English sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $58.49, for a total transaction of $58,490.00. Following the sale, the director now owns 12,100 shares in the company, valued at approximately $707,729. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Joel D. Cavaness sold 10,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $58.73, for a total transaction of $587,300.00. Following the sale, the vice president now owns 96,186 shares in the company, valued at approximately $5,649,003.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,932 shares of company stock worth $2,233,719. Company insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

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.

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

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