Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,217 shares of the financial services provider’s stock after selling 143 shares during the period. Raleigh Capital Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $913,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AJG. FMR LLC lifted its position in Arthur J. Gallagher & Co. by 4.9% during the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock valued at $3,462,392,000 after purchasing an additional 580,134 shares during the period. State Street Corp boosted its stake in shares of Arthur J. Gallagher & Co. by 0.5% in the third quarter. State Street Corp now owns 8,932,007 shares of the financial services provider’s stock worth $2,513,199,000 after buying an additional 47,656 shares during the last quarter. Geode Capital Management LLC grew its holdings in Arthur J. Gallagher & Co. by 1.5% during the third quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider’s stock worth $1,541,044,000 after acquiring an additional 79,429 shares during the period. Massachusetts Financial Services Co. MA raised its position in Arthur J. Gallagher & Co. by 13.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider’s stock valued at $899,538,000 after acquiring an additional 383,130 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Arthur J. Gallagher & Co. by 2.7% in the second quarter. Legal & General Group Plc now owns 1,640,938 shares of the financial services provider’s stock valued at $425,511,000 after acquiring an additional 42,841 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $293.55 on Thursday. The company has a fifty day simple moving average of $291.97 and a 200-day simple moving average of $287.52. The firm has a market capitalization of $73.33 billion, a price-to-earnings ratio of 55.91 and a beta of 0.76. 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. has a 52-week low of $227.08 and a 52-week high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.26. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations 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 revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.00 EPS. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AJG. Wells Fargo & Company lifted their target price on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. BMO Capital Markets upped their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Barclays lifted their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upped their target price on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus target price of $304.07.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher E. Mead sold 2,800 shares of the firm’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 of the company’s stock, valued at approximately $4,211,438. The trade was a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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.