Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,739 shares of the financial services provider’s stock after buying an additional 6,345 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Arthur J. Gallagher & Co. were worth $2,504,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AJG. 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 worth $498,000 after buying an additional 22 shares during the period. 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 worth $268,000 after buying an additional 32 shares during the period. 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 worth $273,000 after buying an additional 32 shares during the period. 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 worth $246,000 after buying an additional 40 shares during the period. 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 worth $1,011,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Arthur J. Gallagher & Co. (NYSE:AJG) opened at 57.92 on Friday. The stock’s 50 day moving average price is $58.43 and its 200-day moving average price is $57.08. Arthur J. Gallagher & Co. has a one year low of $47.16 and a one year high of $59.64. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 23.35 and a beta of 1.20.

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, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.01. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post $3.00 EPS for the current fiscal year.

The company also recently declared 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 is Wednesday, August 30th. This represents a $1.56 annualized dividend and a yield of 2.69%. Arthur J. Gallagher & Co.’s payout ratio is currently 62.90%.

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A number of research analysts have recently commented on AJG shares. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, June 14th. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $62.00 price target on shares of Arthur J. Gallagher & Co. in a report on Friday, June 9th. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $54.00 price target on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.33.

In related news, insider Susan E. Pietrucha sold 6,932 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.28, for a total transaction of $410,928.96. Following the completion of the sale, the insider now directly owns 3,253 shares of the company’s stock, valued at approximately $192,837.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Douglas K. Howell sold 20,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $58.85, for a total value of $1,177,000.00. Following the sale, the chief financial officer now directly owns 47,800 shares of the company’s stock, valued at $2,813,030. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,533 shares of company stock valued at $2,441,785. 1.60% of the stock is currently owned by insiders.

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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