Segment Wealth Management LLC Has $12.09 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Segment Wealth Management LLC lifted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,964 shares of the financial services provider’s stock after acquiring an additional 75 shares during the period. Segment Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $12,089,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Private Advisor Group LLC increased its position in Arthur J. Gallagher & Co. by 5.2% in the 3rd quarter. Private Advisor Group LLC now owns 30,832 shares of the financial services provider’s stock valued at $8,675,000 after buying an additional 1,533 shares in the last quarter. Eastern Bank acquired a new position in Arthur J. Gallagher & Co. during the third quarter worth $242,000. Sequoia Financial Advisors LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 37.7% in the third quarter. Sequoia Financial Advisors LLC now owns 65,338 shares of the financial services provider’s stock valued at $18,384,000 after buying an additional 17,894 shares in the last quarter. Marino Stram & Associates LLC increased its position in shares of Arthur J. Gallagher & Co. by 4.4% during the third quarter. Marino Stram & Associates LLC now owns 3,695 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 157 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,216 shares of the financial services provider’s stock worth $2,874,000 after acquiring an additional 48 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AJG shares. The Goldman Sachs Group upped their price target on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a report on Friday, July 26th. TD Cowen increased their price target on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. BMO Capital Markets raised their target price on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Barclays started coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $287.00.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total value of $1,799,520.10. Following the transaction, the general counsel now owns 30,053 shares of the company’s stock, valued at $8,536,855.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total value of $1,992,760.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at $21,625,146.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the sale, the general counsel now owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,145 shares of company stock valued at $12,622,660 in the last quarter. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $287.19 on Wednesday. The company’s 50 day simple moving average is $289.12 and its two-hundred day simple moving average is $268.62. The stock has a market capitalization of $62.75 billion, a PE ratio of 58.14, a P/E/G ratio of 2.53 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. Arthur J. Gallagher & Co. has a 1 year low of $218.63 and a 1 year high of $301.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, topping the consensus estimate of $2.24 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. Arthur J. Gallagher & Co.’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 earnings per share. Analysts predict that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current fiscal year.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.