RFG Advisory LLC Raises Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

RFG Advisory LLC lifted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 7,159 shares of the financial services provider’s stock after acquiring an additional 268 shares during the period. RFG Advisory LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,032,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Arthur J. Gallagher & Co. by 21.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock worth $18,893,000 after buying an additional 11,752 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Arthur J. Gallagher & Co. by 15.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock worth $30,450,000 after buying an additional 14,860 shares during the last quarter. Principal Financial Group Inc. lifted its position in Arthur J. Gallagher & Co. by 231.2% in the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after buying an additional 618,362 shares during the last quarter. MML Investors Services LLC lifted its position in Arthur J. Gallagher & Co. by 1.2% in the 3rd quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock worth $51,732,000 after buying an additional 2,092 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Arthur J. Gallagher & Co. by 16.7% in the 4th quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider’s stock worth $6,381,000 after buying an additional 3,217 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $287.00, for a total value of $803,600.00. Following the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,211,438. This represents a 16.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas K. Howell sold 7,000 shares of the company’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 sale, the chief financial officer now directly owns 75,963 shares in the company, 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. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AJG shares. Bank of America boosted their target price on 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. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Wells Fargo & Company boosted their price objective on 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. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and lowered their price objective for the company from $292.00 to $286.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. 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 business has a 50 day moving average of $291.84 and a 200 day moving average of $287.52. Arthur J. Gallagher & Co. has a 52 week low of $227.08 and a 52 week high of $316.72. 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. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting the consensus estimate of $2.26. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 earnings per share. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.05 earnings per share for the current year.

Arthur J. Gallagher & Co. 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.