Segment Wealth Management LLC Raises Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Segment Wealth Management LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 42,964 shares of the financial services provider’s stock after purchasing an additional 75 shares during the quarter. Segment Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $12,089,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ballentine Partners LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth about $217,000. Riverview Trust Co purchased a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $49,000. Brookstone Capital Management raised its holdings in shares of Arthur J. Gallagher & Co. by 70.4% during the first quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock valued at $3,213,000 after acquiring an additional 5,308 shares in the last quarter. Aspiriant LLC purchased a new stake in Arthur J. Gallagher & Co. in the first quarter worth $212,000. Finally, ERn Financial LLC boosted its holdings in Arthur J. Gallagher & Co. by 1.9% in the first quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock valued at $636,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. TD Cowen raised their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Barclays started coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 price objective for the company. The Goldman Sachs Group increased their target price on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Royal Bank of Canada lifted their price target on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, UBS Group increased their price objective on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $287.00.

Arthur J. Gallagher & Co. Stock Down 0.8 %

NYSE:AJG opened at $287.19 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $62.75 billion, a P/E ratio of 58.14, a P/E/G ratio of 2.53 and a beta of 0.72. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $301.04. The firm has a 50-day simple moving average of $289.12 and a two-hundred day simple moving average of $268.62.

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

Insiders Place Their Bets

In other news, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,625,146.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,625,146.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Robert Pesch sold 7,100 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the completion of the sale, the president now owns 33,267 shares in the company, valued at $9,853,685.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,145 shares of company stock valued at $12,622,660. Corporate insiders own 1.60% of the company’s stock.

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.