Bbva Compass Bancshares Inc. cut its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,617 shares of the financial services provider’s stock after selling 193 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Arthur J. Gallagher & Co. were worth $436,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Arthur J. Gallagher & Co. by 3,503.7% in the first quarter. BlackRock Inc. now owns 13,986,032 shares of the financial services provider’s stock valued at $790,770,000 after buying an additional 13,597,930 shares during the period. Victory Capital Management Inc. increased its position in shares of Arthur J. Gallagher & Co. by 182.4% in the first quarter. Victory Capital Management Inc. now owns 3,273,190 shares of the financial services provider’s stock valued at $185,065,000 after buying an additional 2,114,276 shares during the period. Vanguard Group Inc. increased its position in shares of Arthur J. Gallagher & Co. by 3.4% in the first quarter. Vanguard Group Inc. now owns 17,578,425 shares of the financial services provider’s stock valued at $993,885,000 after buying an additional 575,651 shares during the period. Janus Capital Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 23.7% in the first quarter. Janus Capital Management LLC now owns 1,770,280 shares of the financial services provider’s stock valued at $100,092,000 after buying an additional 338,651 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in shares of Arthur J. Gallagher & Co. by 40.4% in the first quarter. Westfield Capital Management Co. LP now owns 1,005,308 shares of the financial services provider’s stock valued at $56,840,000 after buying an additional 289,330 shares during the period. Institutional investors own 82.16% of the company’s stock.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The company’s revenue was up 9.6% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.39 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.64%. Arthur J. Gallagher & Co.’s payout ratio is 62.90%.

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AJG has been the subject of several analyst reports. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, April 27th. Zacks Investment Research downgraded Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Citigroup Inc. downgraded Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. They noted that the move was a valuation call. Finally, Barclays PLC boosted their price objective on shares of 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.67.

In other news, insider Susan E. Pietrucha sold 6,932 shares of the stock in a transaction 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 transaction, the insider now owns 3,253 shares in the company, valued at approximately $192,837.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Joel D. Cavaness sold 10,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total transaction of $587,300.00. Following the transaction, the vice president now owns 96,186 shares in the company, valued at approximately $5,649,003.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,829 shares of company stock valued at $2,904,780. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company 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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