Public Employees Retirement Association of Colorado raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 38,429 shares of the financial services provider’s stock after buying an additional 31 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Arthur J. Gallagher & Co. were worth $2,200,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock worth $180,000 after buying an additional 99 shares during the last quarter. Coconut Grove Bank raised its stake in shares of Arthur J. Gallagher & Co. by 92.5% in the first quarter. Coconut Grove Bank now owns 3,330 shares of the financial services provider’s stock worth $188,000 after buying an additional 1,600 shares during the last quarter. Court Place Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth $201,000. Koch Industries Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth $210,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth $215,000. Institutional investors and hedge funds own 82.16% of the company’s stock.

Shares of Arthur J. Gallagher & Co. (AJG) opened at 58.90 on Thursday. The firm has a market cap of $10.61 billion, a P/E ratio of 23.75 and a beta of 1.19. The company’s 50 day moving average price is $57.94 and its 200-day moving average price is $56.58. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $59.64.

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, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post $3.00 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.65%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 62.90%.

TRADEMARK VIOLATION NOTICE: “Arthur J. Gallagher & Co. (AJG) Shares Bought by Public Employees Retirement Association of Colorado” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/10/arthur-j-gallagher-co-ajg-shares-bought-by-public-employees-retirement-association-of-colorado.html.

AJG has been the topic of a number of research analyst reports. Wells Fargo & Company restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 14th. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods restated a “buy” rating and set a $62.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Friday, June 9th. Royal Bank Of Canada restated a “hold” rating and set a $54.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 12th. Finally, Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average price target of $59.00.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 6,932 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.28, for a total value of $410,928.96. Following the transaction, the insider now directly owns 3,253 shares in the company, valued at approximately $192,837.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joel D. Cavaness sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $58.73, for a total value of $587,300.00. Following the completion of the transaction, the vice president now 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 49,829 shares of company stock worth $2,904,780 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJG).

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

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.