Encompass More Asset Management Boosts Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Encompass More Asset Management increased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 29.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,254 shares of the financial services provider’s stock after purchasing an additional 285 shares during the quarter. Encompass More Asset Management’s holdings in Arthur J. Gallagher & Co. were worth $356,000 at the end of the most recent reporting period.

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

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,800 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $287.00, for a total value 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. This trade represents a 16.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at approximately $21,626,666.10. This 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. Price Performance

AJG stock opened at $289.71 on Friday. The business’s fifty day moving average price is $291.84 and its 200 day moving average price is $287.52. Arthur J. Gallagher & Co. has a 12-month low of $227.08 and a 12-month high of $316.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $72.37 billion, a PE ratio of 55.18 and a beta of 0.76.

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 (EPS) for the quarter, hitting analysts’ consensus estimates of $2.26. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. During the same period in the prior year, the firm earned $2.00 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on AJG shares. Bank of America increased their price objective on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. BMO Capital Markets upped their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays lifted their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group raised their price objective on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $304.07.

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.