Boston Common Asset Management LLC reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,679 shares of the financial services provider’s stock after selling 295 shares during the quarter. Boston Common Asset Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $783,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AJG. Vanguard Group Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock valued at $1,039,067,000 after acquiring an additional 571,235 shares in the last quarter. BlackRock Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 1.3% during the 2nd quarter. BlackRock Inc. now owns 14,173,361 shares of the financial services provider’s stock valued at $811,425,000 after acquiring an additional 187,329 shares during the last quarter. State Street Corp boosted its position in shares of Arthur J. Gallagher & Co. by 2.5% during the 1st quarter. State Street Corp now owns 8,961,966 shares of the financial services provider’s stock valued at $506,716,000 after acquiring an additional 220,949 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 9.9% during the 2nd quarter. Victory Capital Management Inc. now owns 3,598,595 shares of the financial services provider’s stock valued at $206,020,000 after acquiring an additional 325,405 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 7.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,758,657 shares of the financial services provider’s stock valued at $157,933,000 after acquiring an additional 201,141 shares during the last quarter. Institutional investors and hedge funds own 81.29% of the company’s stock.

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Shares of Arthur J. Gallagher & Co. (NYSE AJG) traded down 0.70% during trading on Monday, hitting $61.12. The company had a trading volume of 203,946 shares. The firm’s 50 day moving average is $58.80 and its 200-day moving average is $57.32. The stock has a market capitalization of $11.01 billion, a P/E ratio of 24.65 and a beta of 1.21. Arthur J. Gallagher & Co. has a 52 week low of $47.16 and a 52 week high of $61.87.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, beating 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%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 earnings per share. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post $3.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Wednesday, August 30th. Arthur J. Gallagher & Co.’s payout ratio is 62.90%.

In related news, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $59.98, for a total value of $597,820.66. Following the completion of the transaction, the chief financial officer now directly owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Joel D. Cavaness sold 10,000 shares of the firm’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 completion of the transaction, the vice president now directly owns 96,186 shares of the company’s stock, valued at $5,649,003.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,500 shares of company stock worth $1,804,115. Corporate insiders own 1.60% of the company’s stock.

A number of equities research 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 note on Saturday, July 1st. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Barclays PLC boosted their price target on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Finally, Citigroup Inc. increased their price target on shares of Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $62.50.

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.

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

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