Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by AlphaMark Advisors LLC

AlphaMark Advisors LLC boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,476 shares of the financial services provider’s stock after acquiring an additional 109 shares during the period. AlphaMark Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $987,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in Arthur J. Gallagher & Co. by 231.2% during the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after acquiring an additional 618,362 shares in the last quarter. FMR LLC grew its stake in shares of Arthur J. Gallagher & Co. by 4.9% during the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock worth $3,462,392,000 after purchasing an additional 580,134 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Arthur J. Gallagher & Co. by 6,581.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider’s stock valued at $124,174,000 after buying an additional 430,917 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Arthur J. Gallagher & Co. by 13.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider’s stock valued at $899,538,000 after buying an additional 383,130 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Arthur J. Gallagher & Co. by 431.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 323,880 shares of the financial services provider’s stock worth $91,130,000 after buying an additional 262,987 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, 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 transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AJG. BMO Capital Markets raised their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Bank of America boosted 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 research report on Thursday, October 10th. Wells Fargo & Company increased their target price on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a research report on Monday, November 25th. Finally, Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average price target of $304.07.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $289.71 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $227.08 and a 12 month high of $316.72. The firm has a market capitalization of $72.37 billion, a price-to-earnings ratio of 55.18 and a beta of 0.76. The business’s 50 day simple moving average is $291.74 and its 200-day simple moving average is $287.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting the consensus estimate of $2.26. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. Arthur J. Gallagher & Co.’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.00 earnings per share. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 10.05 earnings per share for the current fiscal 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.