Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 13.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 743 shares of the financial services provider’s stock after purchasing an additional 89 shares during the period. Lindbrook Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $167,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AJG. Beaird Harris Wealth Management LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 175.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 72 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth $28,000. SJS Investment Consulting Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 460.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after buying an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $33,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, VP Joel D. Cavaness sold 1,207 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now directly owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director David S. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joel D. Cavaness sold 1,207 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the transaction, the vice president now directly owns 2,023 shares in the company, valued at $516,269.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,016 shares of company stock valued at $7,176,180. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on AJG shares. Royal Bank of Canada lifted their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods dropped their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Truist Financial reiterated a “hold” rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price target for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Finally, TD Cowen lifted their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $255.23.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $237.88 on Wednesday. The firm has a market capitalization of $51.93 billion, a P/E ratio of 53.58, a P/E/G ratio of 2.23 and a beta of 0.68. Arthur J. Gallagher & Co. has a 1-year low of $198.52 and a 1-year high of $256.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day simple moving average is $244.45 and its 200-day simple moving average is $238.95.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same period in the previous year, the company posted $1.54 EPS. Equities analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Company Profile

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.