Sii Investments Inc. WI lessened its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,496 shares of the financial services provider’s stock after selling 1,455 shares during the quarter. Sii Investments Inc. WI’s holdings in Arthur J. Gallagher & Co. were worth $655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 3.2% during the first quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 99 shares during the period. Koch Industries Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at $210,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at $215,000. Blair William & Co. IL acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at $224,000. Finally, Gilbert & Cook Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at $224,000. 81.29% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages have recently issued reports on AJG. BidaskClub lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 14th. Deutsche Bank AG lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Wednesday. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC upped their price target on Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $62.71.

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.31% during trading on Thursday, reaching $61.79. The company’s stock had a trading volume of 68,205 shares. Arthur J. Gallagher & Co. has a 52-week low of $47.16 and a 52-week high of $62.07. The firm has a 50 day moving average price of $59.59 and a 200-day moving average price of $57.68. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 24.92 and a beta of 1.21.

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, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.01. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. On average, analysts expect that Arthur J. Gallagher & Co. will post $3.02 earnings per share for the current year.

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

In other Arthur J. Gallagher & Co. news, 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 transaction of $208,065.78. Following the transaction, the insider now directly owns 4,055 shares of the company’s stock, valued at approximately $234,297.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joel D. Cavaness sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total value of $587,300.00. Following the transaction, the vice president now directly owns 96,186 shares in the company, valued at $5,649,003.78. The disclosure for this sale can be found here. Insiders have sold a total of 30,500 shares of company stock worth $1,804,115 over the last ninety days. Company 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.

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

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