Catalyst Capital Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 28.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,000 shares of the financial services provider’s stock after buying an additional 10,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in 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 worth $790,770,000 after buying an additional 13,597,930 shares in the last quarter. Victory Capital Management Inc. boosted its position in 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 worth $185,065,000 after buying an additional 2,114,276 shares in the last quarter. Vanguard Group Inc. boosted its position in 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 worth $993,885,000 after buying an additional 575,651 shares in the last quarter. Janus Capital Management LLC boosted its position in 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 worth $100,092,000 after buying an additional 338,651 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in 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 worth $56,840,000 after buying an additional 289,330 shares in the last quarter. 82.16% of the stock is owned by institutional investors and hedge funds.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 58.42 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $47.16 and a 12 month high of $59.64. The company has a 50-day moving average price of $58.00 and a 200-day moving average price of $56.63. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 23.56 and a beta of 1.19.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.02 by $0.01. The firm had revenue of $1.56 billion during 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% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. Equities analysts forecast that Arthur J. Gallagher & Co. will post $3.00 EPS for the current fiscal year.

The company 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 annualized dividend and a yield of 2.67%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 62.90%.

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AJG has been the subject of a number of research analyst reports. BidaskClub raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, April 27th. Zacks Investment Research cut Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Citigroup Inc. cut 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 lifted their price target on Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.33.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 6,932 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $59.28, for a total value of $410,928.96. Following the completion of the transaction, the insider now directly owns 3,253 shares in the company, valued at $192,837.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan E. Pietrucha sold 4,133 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $56.06, for a total value of $231,695.98. Following the completion of the transaction, the insider now owns 112 shares of the company’s stock, valued at $6,278.72. The disclosure for this sale can be found here. Insiders sold 49,829 shares of company stock valued at $2,904,780 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

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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