North Point Portfolio Managers Corp OH Lowers Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

North Point Portfolio Managers Corp OH lessened its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 68,656 shares of the financial services provider’s stock after selling 1,413 shares during the quarter. Arthur J. Gallagher & Co. makes up about 3.4% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 8th biggest holding. North Point Portfolio Managers Corp OH’s holdings in Arthur J. Gallagher & Co. were worth $19,488,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kavar Capital Partners Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $224,000. Blue Trust Inc. grew its position in Arthur J. Gallagher & Co. by 25.6% in the fourth quarter. Blue Trust Inc. now owns 2,568 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 523 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $35,000. Clarendon Private LLC bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth about $474,000. Finally, Embree Financial Group bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $289.71 on Monday. The stock has a 50-day moving average of $291.74 and a 200-day moving average of $287.86. Arthur J. Gallagher & Co. has a one year low of $227.08 and a one year high of $316.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $72.37 billion, a PE ratio of 55.18 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AJG. Jefferies Financial Group increased their price target on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price target 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. Keefe, Bruyette & Woods upgraded shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and decreased their price target for the company from $292.00 to $286.00 in a research report on Friday, January 10th. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target on the stock. in a report on Monday, November 25th. Finally, Bank of America raised 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $304.07.

About Arthur J. Gallagher & Co.

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.