Federated Investors Inc. PA boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 39.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,498 shares of the financial services provider’s stock after buying an additional 1,277 shares during the period. Federated Investors Inc. PA’s holdings in Arthur J. Gallagher & Co. were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cadence Capital Management LLC raised its holdings in Arthur J. Gallagher & Co. by 3.2% in the second quarter. Cadence Capital Management LLC now owns 17,794 shares of the financial services provider’s stock valued at $1,019,000 after buying an additional 557 shares during the period. Boston Private Wealth LLC raised its stake in shares of Arthur J. Gallagher & Co. by 0.3% during the second quarter. Boston Private Wealth LLC now owns 170,556 shares of the financial services provider’s stock valued at $9,764,000 after purchasing an additional 453 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $2,390,000. BB&T Securities LLC raised its stake in shares of Arthur J. Gallagher & Co. by 19.1% during the second quarter. BB&T Securities LLC now owns 44,593 shares of the financial services provider’s stock valued at $2,552,000 after purchasing an additional 7,156 shares during the period. Finally, Blair William & Co. IL purchased a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $224,000. Hedge funds and other institutional investors own 81.29% of the company’s stock.

AJG has been the topic of a number of analyst reports. BidaskClub upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Citigroup Inc. lifted their price objective on shares of Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Barclays PLC lifted their price objective on shares of Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, June 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $54.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average target price of $62.50.

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Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 60.99 on Friday. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 24.59 and a beta of 1.20. Arthur J. Gallagher & Co. has a 1-year low of $47.16 and a 1-year high of $61.44. The stock’s 50 day moving average is $58.80 and its 200-day moving average is $57.32.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts anticipate that Arthur J. Gallagher & Co. will post $3.02 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.39 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.56 annualized dividend and a yield of 2.56%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.90%.

In related news, insider Susan E. Pietrucha sold 6,932 shares of the business’s 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 completion of the sale, the insider now directly owns 3,253 shares in the company, valued at approximately $192,837.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 9,967 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $59.98, for a total value of $597,820.66. Following the transaction, the chief financial officer now owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,500 shares of company stock valued at $1,804,115. Corporate 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.

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

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