Arthur J. Gallagher & Co. (NYSE:AJG) Stock Position Increased by abrdn plc

abrdn plc lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 69.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 89,051 shares of the financial services provider’s stock after buying an additional 36,645 shares during the quarter. abrdn plc’s holdings in Arthur J. Gallagher & Co. were worth $20,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beaird Harris Wealth Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 175.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after buying an additional 72 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the third quarter worth $28,000. SJS Investment Consulting Inc. raised its position in shares of Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 106 shares during the period. Ruedi Wealth Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $33,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the third quarter worth $45,000. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods cut their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Truist Financial reaffirmed a “hold” rating and set a $255.00 target price (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and dropped their price target for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. Finally, TD Cowen upped their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $255.23.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now owns 45,038 shares in the company, valued at $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Joel D. Cavaness sold 1,207 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the sale, the vice president now owns 2,023 shares in the company, valued at approximately $516,269.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the sale, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock worth $7,176,180 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG opened at $237.88 on Wednesday. The business’s 50-day moving average price is $244.45 and its two-hundred day moving average price is $238.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $256.10. The company has a market capitalization of $51.93 billion, a P/E ratio of 53.58, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. Analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.