1,050 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Bought by Red Spruce Capital LLC

Red Spruce Capital LLC bought a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,050 shares of the financial services provider’s stock, valued at approximately $298,000.

Other large investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Arthur J. Gallagher & Co. in the second quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. raised its position in Arthur J. Gallagher & Co. by 543.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares during the period. Quarry LP bought a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at $29,000. Rakuten Securities Inc. raised its holdings in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 87 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Arthur J. Gallagher & Co. by 47.6% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 152 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 49 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Price Performance

AJG stock opened at $296.59 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 12 month low of $227.08 and a 12 month high of $316.72. The stock has a market cap of $74.09 billion, a PE ratio of 56.49 and a beta of 0.76. The company has a 50-day moving average price of $292.04 and a 200 day moving average price of $287.25.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on AJG. Wells Fargo & Company boosted their price objective on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their target price for the stock from $292.00 to $286.00 in a report on Friday, January 10th. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price target for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Finally, BMO Capital Markets upped their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $304.07.

Insiders Place Their Bets

In other news, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. The trade was a 16.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on 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 directly owns 75,963 shares in the company, valued at approximately $21,626,666.10. The trade was a 8.44 % 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. 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.