Raymond James Financial Services Advisors Inc. raised its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,688 shares of the financial services provider’s stock after buying an additional 305 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $378,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Martingale Asset Management L P boosted its stake in Arthur J. Gallagher & Co. by 3.1% in the first quarter. Martingale Asset Management L P now owns 606,947 shares of the financial services provider’s stock valued at $34,318,000 after buying an additional 18,488 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Arthur J. Gallagher & Co. by 6.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,847 shares of the financial services provider’s stock valued at $218,000 after buying an additional 225 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its stake in Arthur J. Gallagher & Co. by 18.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 65,655 shares of the financial services provider’s stock valued at $3,710,000 after buying an additional 10,288 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Arthur J. Gallagher & Co. by 1.3% in the first quarter. Bahl & Gaynor Inc. now owns 44,423 shares of the financial services provider’s stock valued at $2,512,000 after buying an additional 553 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in Arthur J. Gallagher & Co. by 76.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 36,106 shares of the financial services provider’s stock valued at $2,041,000 after buying an additional 15,673 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

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

Arthur J. Gallagher & Co. (NYSE AJG) opened at 58.97 on Friday. The firm has a market capitalization of $10.59 billion, a PE ratio of 24.93 and a beta of 1.18. The company’s 50-day moving average price is $56.45 and its 200 day moving average price is $54.90. Arthur J. Gallagher & Co. has a one year low of $43.90 and a one year high of $59.03.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.42%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. On average, analysts forecast that Arthur J. Gallagher & Co. will post $3.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Wednesday, May 31st. Arthur J. Gallagher & Co.’s payout ratio is currently 65.82%.

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Several research firms have recently commented on AJG. Wells Fargo & Company reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday. BidaskClub raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 price target on shares of Arthur J. Gallagher & Co. in a report on Friday, June 9th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Arthur J. Gallagher & Co. in a report on Tuesday, May 2nd. Finally, 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.86.

In other Arthur J. Gallagher & Co. news, Director Frank E. Jr. English sold 1,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $58.49, for a total transaction of $58,490.00. Following the completion of the transaction, the director now directly owns 12,100 shares of the company’s stock, valued at approximately $707,729. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Susan E. Pietrucha sold 4,133 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $56.06, for a total value of $231,695.98. Following the transaction, the insider now directly owns 112 shares of the company’s stock, valued at $6,278.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,897 shares of company stock valued at $729,551. 1.60% of the stock is currently owned by corporate 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.

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