Cwm LLC Sells 6,831 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Cwm LLC cut its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 22.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,994 shares of the financial services provider’s stock after selling 6,831 shares during the quarter. Cwm LLC’s holdings in Arthur J. Gallagher & Co. were worth $5,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AJG. FMR LLC boosted its position in shares of Arthur J. Gallagher & Co. by 8.1% during the third quarter. FMR LLC now owns 9,664,117 shares of the financial services provider’s stock valued at $2,202,742,000 after purchasing an additional 726,485 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Arthur J. Gallagher & Co. by 36,168.9% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 357,974 shares of the financial services provider’s stock valued at $81,593,000 after purchasing an additional 356,987 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of Arthur J. Gallagher & Co. by 7,923.4% during the third quarter. Congress Asset Management Co. MA now owns 298,871 shares of the financial services provider’s stock valued at $68,122,000 after purchasing an additional 295,146 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,289,340 shares of the financial services provider’s stock valued at $293,879,000 after purchasing an additional 271,225 shares in the last quarter. Finally, Aviva PLC raised its stake in Arthur J. Gallagher & Co. by 432.5% during the third quarter. Aviva PLC now owns 260,673 shares of the financial services provider’s stock valued at $59,415,000 after buying an additional 211,716 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the sale, the vice president now owns 96,709 shares in the company, valued at $24,666,597.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the sale, the vice president now owns 96,709 shares in the company, valued at $24,666,597.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Joel D. Cavaness sold 1,207 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the sale, the vice president now directly owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,016 shares of company stock worth $7,176,180. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Up 0.2 %

AJG stock opened at $237.88 on Wednesday. Arthur J. Gallagher & Co. has a 1-year low of $198.52 and a 1-year high of $256.10. The business has a fifty day moving average price of $244.45 and a 200-day moving average price of $238.95. 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 stock 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. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $1.54 earnings per share. Equities analysts forecast that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AJG has been the subject of a number of recent research reports. 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 note on Wednesday, April 10th. Royal Bank of Canada lifted their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. TD Cowen lifted their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods lowered 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 note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $255.23.

Arthur J. Gallagher & Co. 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.