Arthur J. Gallagher & Co. $AJG Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its position in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 34.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,388 shares of the financial services provider’s stock after purchasing an additional 2,663 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Arthur J. Gallagher & Co. were worth $2,250,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC acquired a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at $29,000. MV Capital Management Inc. purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $34,000. Rakuten Securities Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Finally, Avalon Trust Co purchased a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at $40,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the completion of the transaction, the chief accounting officer directly owned 47,819 shares in the company, valued at $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $265.31 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $313.55. The company has a 50-day moving average of $228.49 and a 200-day moving average of $224.93. The company has a market capitalization of $68.16 billion, a P/E ratio of 42.93, a PEG ratio of 1.31 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.Arthur J. Gallagher & Co.’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.67 earnings per share. Equities analysts expect that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AJG has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. UBS Group increased their price target on Arthur J. Gallagher & Co. from $250.00 to $291.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Morgan Stanley upped their target price on Arthur J. Gallagher & Co. from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Truist Financial dropped their target price on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Finally, Mizuho upped their price target on Arthur J. Gallagher & Co. from $261.00 to $287.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $280.35.

View Our Latest Research Report on AJG

Arthur J. Gallagher & Co. Profile

(Free Report)

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.

Further Reading

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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