Diversify Advisory Services LLC Makes New Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Diversify Advisory Services LLC purchased a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, Holdings Channel.com reports. The firm purchased 794 shares of the financial services provider’s stock, valued at approximately $228,000.

Other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in Arthur J. Gallagher & Co. during the second quarter worth $26,000. Pin Oak Investment Advisors Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 87 shares in the last quarter. Quarry LP acquired a new stake in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at about $29,000. Rakuten Securities Inc. increased its position 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 valued at $29,000 after buying an additional 87 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Arthur J. Gallagher & Co. by 47.6% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 152 shares of the financial services provider’s stock worth $44,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at $4,211,438. The trade was a 16.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, October 28th. The shares were sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $287.90 on Friday. The company has a market capitalization of $71.92 billion, a PE ratio of 54.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 52-week low of $227.08 and a 52-week high of $316.72. The company has a 50-day simple moving average of $291.97 and a 200 day simple moving average of $287.52.

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

Analyst Ratings Changes

Several research firms have recently commented on AJG. Jefferies Financial Group boosted their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and decreased their price objective for the stock from $292.00 to $286.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $304.07.

About Arthur J. Gallagher & Co.

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.