Advisory Alpha LLC Purchases 257 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Advisory Alpha LLC increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 19.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,559 shares of the financial services provider’s stock after buying an additional 257 shares during the quarter. Advisory Alpha LLC’s holdings in Arthur J. Gallagher & Co. were worth $443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AJG. Summit Trail Advisors LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth about $208,000. Bank of Montreal Can increased its holdings in Arthur J. Gallagher & Co. by 30.6% during the 2nd quarter. Bank of Montreal Can now owns 326,559 shares of the financial services provider’s stock worth $86,401,000 after purchasing an additional 76,423 shares in the last quarter. Interval Partners LP purchased a new stake in shares of Arthur J. Gallagher & Co. in the second quarter worth approximately $828,000. Insigneo Advisory Services LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 15.2% in the second quarter. Insigneo Advisory Services LLC now owns 3,143 shares of the financial services provider’s stock valued at $875,000 after purchasing an additional 414 shares in the last quarter. Finally, Unisphere Establishment grew its holdings in Arthur J. Gallagher & Co. by 0.9% during the second quarter. Unisphere Establishment now owns 35,000 shares of the financial services provider’s stock worth $9,076,000 after buying an additional 300 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Activity

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the sale, the chief financial officer now owns 75,963 shares of the company’s stock, valued at $21,626,666.10. The trade was a 8.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher E. Mead sold 2,800 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $287.00, for a total value of $803,600.00. Following the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. This represents a 16.02 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

AJG has been the topic of a number of analyst reports. Bank of America lifted their price objective on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. BMO Capital Markets boosted their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their target price on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group increased their price target on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $304.07.

Arthur J. Gallagher & Co. Stock Down 1.1 %

Shares of NYSE AJG opened at $293.55 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $73.33 billion, a PE ratio of 55.91 and a beta of 0.76. Arthur J. Gallagher & Co. has a one year low of $227.08 and a one year high of $316.72. The business’s fifty day moving average price is $292.07 and its 200-day moving average price is $287.47.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting the consensus estimate of $2.26. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.00 earnings per share. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 EPS for the current year.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.