Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC increased its stake in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,214 shares of the financial services provider’s stock after purchasing an additional 49 shares during the quarter. Ballentine Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. W Advisors LLC lifted its stake in Arthur J. Gallagher & Co. by 2.4% in the third quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 36 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in Arthur J. Gallagher & Co. by 0.8% in the third quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock worth $1,289,000 after purchasing an additional 38 shares during the period. Covenant Partners LLC increased its stake in Arthur J. Gallagher & Co. by 0.7% in the third quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock valued at $1,499,000 after acquiring an additional 38 shares during the period. Disciplined Investments LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.7% in the 3rd quarter. Disciplined Investments LLC now owns 5,849 shares of the financial services provider’s stock worth $1,635,000 after buying an additional 38 shares in the last quarter. Finally, Seelaus Asset Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 0.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider’s stock valued at $1,542,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.6 %

AJG stock opened at $289.71 on Friday. The company has a market cap of $72.37 billion, a PE ratio of 55.18 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 52 week low of $227.08 and a 52 week high of $316.72. The business has a 50-day simple moving average of $291.84 and a 200 day simple moving average of $287.52.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.26. The company had revenue of $2.77 billion during 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 firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AJG. Wells Fargo & Company raised their target price on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Jefferies Financial Group upped their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods raised Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their price objective for the stock from $292.00 to $286.00 in a research note on Friday, January 10th. Barclays increased their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets boosted their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $304.07.

Get Our Latest Research Report on Arthur J. Gallagher & Co.

Insiders Place Their Bets

In other news, CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $284.70, for a total value of $1,992,900.00. Following the sale, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,211,438. This represents a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Profile

(Free Report)

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.

See Also

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

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