Bahl & Gaynor Inc. trimmed its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,870 shares of the financial services provider’s stock after selling 553 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Arthur J. Gallagher & Co. were worth $2,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AJG. BlackRock Inc. boosted its holdings 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 valued at $790,770,000 after purchasing an additional 13,597,930 shares in the last quarter. Victory Capital Management Inc. boosted its holdings 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 valued at $185,065,000 after purchasing an additional 2,114,276 shares in the last quarter. American Century Companies Inc. boosted its holdings in Arthur J. Gallagher & Co. by 4,730.8% in the second quarter. American Century Companies Inc. now owns 1,550,935 shares of the financial services provider’s stock valued at $88,791,000 after purchasing an additional 1,518,830 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Arthur J. Gallagher & Co. by 97.9% in the second quarter. Principal Financial Group Inc. now owns 1,242,484 shares of the financial services provider’s stock valued at $71,132,000 after purchasing an additional 614,788 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings 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 valued at $993,885,000 after purchasing an additional 575,651 shares in the last quarter. 81.59% of the stock is owned by hedge funds and other institutional investors.

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Arthur J. Gallagher & Co. (NYSE AJG) traded up 0.63% during midday trading on Friday, hitting $60.38. The stock had a trading volume of 1,816,704 shares. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 24.35 and a beta of 1.20. The company has a 50-day moving average price of $58.73 and a 200-day moving average price of $57.27. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $61.44.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate 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 business’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. Equities analysts anticipate that Arthur J. Gallagher & Co. will post $3.00 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.56 annualized dividend and a dividend yield of 2.58%. Arthur J. Gallagher & Co.’s payout ratio is 62.90%.

In other news, CFO Douglas K. Howell sold 20,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $58.85, for a total value of $1,177,000.00. Following the completion of the transaction, the chief financial officer now owns 47,800 shares in the company, valued at approximately $2,813,030. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan E. Pietrucha sold 3,601 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $57.78, for a total value of $208,065.78. Following the completion of the transaction, the insider now owns 4,055 shares of the company’s stock, valued at approximately $234,297.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,500 shares of company stock valued at $2,981,115. Insiders own 1.60% of the company’s stock.

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $62.00 price target on shares of Arthur J. Gallagher & Co. in a report on Friday, August 18th. Barclays PLC increased their price objective on Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Citigroup Inc. increased their price objective on Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.80.

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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