CX Institutional Has $458,000 Position in Arthur J. Gallagher & Co. (NYSE:AJG)

CX Institutional cut its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 22.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,615 shares of the financial services provider’s stock after selling 481 shares during the period. CX Institutional’s holdings in Arthur J. Gallagher & Co. were worth $458,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AJG. W Advisors LLC raised its position in Arthur J. Gallagher & Co. by 2.4% during the third quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 36 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in shares of Arthur J. Gallagher & Co. by 0.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 38 shares during the last quarter. Covenant Partners LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.7% during the 3rd quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock worth $1,499,000 after buying an additional 38 shares in the last quarter. Disciplined Investments LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.7% during 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 Arthur J. Gallagher & Co. by 0.7% in the third quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider’s stock valued at $1,542,000 after buying an additional 38 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction dated 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 $4,211,438. This represents a 16.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred 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 sale, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,626,666.10. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.6 %

Arthur J. Gallagher & Co. stock opened at $289.71 on Friday. The firm has a market cap of $72.37 billion, a price-to-earnings ratio of 55.18 and a beta of 0.76. Arthur J. Gallagher & Co. has a 52-week low of $227.08 and a 52-week high of $316.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day moving average price of $291.74 and a two-hundred day moving average price of $287.69.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its 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 business 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%. Arthur J. Gallagher & Co.’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 earnings per share. Equities analysts predict that Arthur J. Gallagher & Co. will post 10.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AJG shares. Barclays increased their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. BMO Capital Markets raised their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Wells Fargo & Company increased their price target 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. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $304.07.

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.