2,042 Shares in Arthur J. Gallagher & Co. $AJG Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,042 shares of the financial services provider’s stock, valued at approximately $466,000.

A number of other institutional investors also recently bought and sold shares of AJG. Axiom Investment Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth $28,000. Triumph Capital Management raised its holdings in shares of Arthur J. Gallagher & Co. by 4,000.0% during the third quarter. Triumph Capital Management now owns 123 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 120 shares during the last quarter. NFSG Corp lifted its position in Arthur J. Gallagher & Co. by 4,033.3% during the third quarter. NFSG Corp now owns 124 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 121 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Arthur J. Gallagher & Co. in the first quarter valued at $29,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in Arthur J. Gallagher & Co. by 57.4% in the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 54 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CAO Richard Cary sold 1,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $252.86, for a total value of $252,860.00. Following the sale, the chief accounting officer directly owned 46,819 shares of the company’s stock, valued at $11,838,652.34. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher Mead sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $257.02, for a total value of $899,570.00. Following the sale, the vice president owned 22,223 shares of the company’s stock, valued at $5,711,755.46. The trade was a 13.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 28,500 shares of company stock worth $7,562,950. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on AJG. Piper Sandler reaffirmed an “overweight” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, September 24th. The Goldman Sachs Group raised their target price on Arthur J. Gallagher & Co. from $272.00 to $277.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. UBS Group lifted their price target on Arthur J. Gallagher & Co. from $291.00 to $299.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. BMO Capital Markets decreased their price target on Arthur J. Gallagher & Co. from $278.00 to $255.00 and set an “outperform” rating for the company in a report on Thursday, October 1st. Finally, Evercore upped their price objective on Arthur J. Gallagher & Co. from $295.00 to $307.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Moderate Buy” and an average target price of $280.74.

Arthur J. Gallagher & Co. Stock Down 2.8%

Shares of Arthur J. Gallagher & Co. stock opened at $259.26 on Wednesday. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $279.00. The firm’s 50-day moving average price is $247.63 and its 200 day moving average price is $232.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.03. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm posted $2.33 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 13.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.