Pacer Advisors Inc. boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,437 shares of the financial services provider’s stock after purchasing an additional 261 shares during the quarter. Pacer Advisors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $197,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AJG. Koch Industries Inc. bought a new position in Arthur J. Gallagher & Co. during the first quarter worth $210,000. Cambridge Investment Research Advisors Inc. bought a new position in Arthur J. Gallagher & Co. during the first quarter worth $215,000. Bronfman E.L. Rothschild L.P. boosted its position in Arthur J. Gallagher & Co. by 6.2% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,847 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 225 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in Arthur J. Gallagher & Co. during the first quarter worth $224,000. Finally, Gilbert & Cook Inc. bought a new position in Arthur J. Gallagher & Co. during the second quarter worth $224,000. 81.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 60.38 on Friday. The stock has a 50 day moving average of $58.73 and a 200-day moving average of $57.27. The company has a market cap of $10.88 billion, a PE ratio of 24.35 and a beta of 1.20. Arthur J. Gallagher & Co. has a 12 month low of $47.16 and a 12 month high of $61.44.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share (EPS) 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 firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm posted $0.96 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Equities analysts forecast that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, August 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.90%.

A number of equities analysts have commented on AJG shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, July 27th. BidaskClub raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Barclays PLC lifted their price objective on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Citigroup Inc. lifted their price objective on shares of Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.80.

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In related news, CFO Douglas K. Howell sold 20,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 47,800 shares of the company’s stock, valued at approximately $2,813,030. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Susan E. Pietrucha sold 3,601 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $57.78, for a total value of $208,065.78. Following the completion of the sale, the insider now directly owns 4,055 shares of the company’s stock, valued at approximately $234,297.90. The disclosure for this sale can be found here. In the last three months, insiders sold 50,500 shares of company stock valued at $2,981,115. 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.

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

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