AlphaMark Advisors LLC Boosts Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

AlphaMark Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,476 shares of the financial services provider’s stock after buying an additional 109 shares during the quarter. AlphaMark Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at about $26,000. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 580.0% in the third 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. Pin Oak Investment Advisors Inc. raised its stake 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 buying an additional 87 shares during the period. Quarry LP purchased a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at approximately $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Arthur J. Gallagher & Co. by 47.6% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 152 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.6 %

AJG stock opened at $289.71 on Friday. Arthur J. Gallagher & Co. has a one year low of $227.08 and a one year high of $316.72. The firm has a market cap of $72.37 billion, a PE ratio of 55.18 and a beta of 0.76. The firm’s 50 day moving average price is $291.74 and its 200-day moving average price is $287.69. 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. (NYSE:AJG) last posted its earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts’ consensus estimates of $2.26. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.00 earnings per share. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Bank of America lifted their price objective on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a report on Monday, November 25th. Jefferies Financial Group lifted their price target on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus target price of $304.07.

Insider Buying and Selling

In related news, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,626,666.10. The trade was a 8.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of the firm’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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate 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.