Wendell David Associates Inc. Has $3.31 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Wendell David Associates Inc. boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 75.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,667 shares of the financial services provider’s stock after purchasing an additional 5,035 shares during the quarter. Wendell David Associates Inc.’s holdings in Arthur J. Gallagher & Co. were worth $3,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Summit Trail Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. during the 2nd quarter worth $208,000. Bank of Montreal Can increased its stake in shares of Arthur J. Gallagher & Co. by 30.6% in the 2nd quarter. Bank of Montreal Can now owns 326,559 shares of the financial services provider’s stock valued at $86,401,000 after acquiring an additional 76,423 shares during the last quarter. Interval Partners LP bought a new position in Arthur J. Gallagher & Co. during the 2nd quarter worth approximately $828,000. Insigneo Advisory Services LLC grew its holdings in Arthur J. Gallagher & Co. by 15.2% during the second quarter. Insigneo Advisory Services LLC now owns 3,143 shares of the financial services provider’s stock valued at $875,000 after purchasing an additional 414 shares during the period. Finally, Unisphere Establishment raised its holdings in Arthur J. Gallagher & Co. by 0.9% in the second quarter. Unisphere Establishment now owns 35,000 shares of the financial services provider’s stock worth $9,076,000 after purchasing an additional 300 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $293.55 on Thursday. The stock has a market capitalization of $73.33 billion, a PE ratio of 55.91 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $292.07 and a 200 day simple moving average of $287.47. Arthur J. Gallagher & Co. has a 1-year low of $227.08 and a 1-year high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the firm earned $2.00 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that Arthur J. Gallagher & Co. will post 10.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AJG has been the subject of a number of recent analyst reports. Bank of America upped their price objective on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. BMO Capital Markets lifted their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays increased their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. 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 research note on Monday, November 25th. Finally, Jefferies Financial Group raised their price objective on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $304.07.

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

In other Arthur J. Gallagher & Co. 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the completion of the sale, the chief financial officer now directly 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

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.