Yorktown Management & Research Co Inc continued to hold its position in Arthur J. Gallagher & Co. (NYSE:AJG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,100 shares of the financial services provider’s stock at the end of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in Arthur J. Gallagher & Co. were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Somerset Trust Co raised its position in Arthur J. Gallagher & Co. by 0.3% in the 2nd quarter. Somerset Trust Co now owns 8,698 shares of the financial services provider’s stock worth $498,000 after purchasing an additional 22 shares during the period. Private Advisory Group LLC raised its position in Arthur J. Gallagher & Co. by 0.7% in the 1st quarter. Private Advisory Group LLC now owns 4,747 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 32 shares during the period. Contravisory Investment Management Inc. raised its position in Arthur J. Gallagher & Co. by 0.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 4,775 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 32 shares during the period. Cleararc Capital Inc. raised its position in Arthur J. Gallagher & Co. by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 4,349 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 40 shares during the period. Finally, Advantus Capital Management Inc raised its position in Arthur J. Gallagher & Co. by 0.4% in the 1st quarter. Advantus Capital Management Inc now owns 17,875 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 70 shares during the period. 81.29% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. (NYSE AJG) opened at 60.40 on Tuesday. The stock’s 50 day moving average is $58.76 and its 200-day moving average is $57.29. The stock has a market capitalization of $10.88 billion, a price-to-earnings 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 released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend 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 62.90%.

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A number of analysts recently weighed in on AJG shares. BidaskClub raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Barclays PLC raised their target price 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. Finally, Citigroup Inc. raised their target price on shares of Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.50.

In other news, insider Susan E. Pietrucha sold 3,601 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $57.78, for a total value of $208,065.78. Following the sale, the insider now directly owns 4,055 shares of the company’s stock, valued at approximately $234,297.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan E. Pietrucha sold 6,932 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 in the company, valued at $192,837.84. The disclosure for this sale can be found here. Insiders sold a total of 30,500 shares of company stock worth $1,804,115 over the last three months. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. 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.

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

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