Institutional investors boosted their stakes in Arthur J. Gallagher & Co., pushing ownership to 85.53% of the company’s stock.

Several institutional investors increased their stakes in Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter. AssuredPartners Investment Advisors LLC invested $344,000, while Tucker Asset Management LLC and Financial Engines Advisors L.L.C. also boosted their holdings. The company reported earnings per share of $2.13, exceeding analysts' expectations. Institutional investors now own 85.53% of the stock, and the company has a market capitalization of $87.10 billion.