Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Running Oak Capital LLC

Running Oak Capital LLC grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 48,722 shares of the financial services provider’s stock after purchasing an additional 3,983 shares during the quarter. Arthur J. Gallagher & Co. accounts for 1.8% of Running Oak Capital LLC’s portfolio, making the stock its 27th largest position. Running Oak Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $13,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in Arthur J. Gallagher & Co. by 4.9% in the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock worth $3,462,392,000 after acquiring an additional 580,134 shares in the last quarter. State Street Corp grew its stake in shares of Arthur J. Gallagher & Co. by 0.5% in the 3rd quarter. State Street Corp now owns 8,932,007 shares of the financial services provider’s stock worth $2,513,199,000 after purchasing an additional 47,656 shares during the last quarter. Geode Capital Management LLC lifted its stake in Arthur J. Gallagher & Co. by 1.5% during the third quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider’s stock valued at $1,541,044,000 after purchasing an additional 79,429 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Arthur J. Gallagher & Co. by 13.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider’s stock worth $899,538,000 after buying an additional 383,130 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Arthur J. Gallagher & Co. by 2.7% in the second quarter. Legal & General Group Plc now owns 1,640,938 shares of the financial services provider’s stock worth $425,511,000 after buying an additional 42,841 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. This represents a 16.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 75,963 shares in the company, valued at $21,626,666.10. The trade was a 8.44 % 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.

Analyst Ratings Changes

A number of brokerages recently issued reports on AJG. Wells Fargo & Company lifted their target price on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and cut their price objective for the stock from $292.00 to $286.00 in a report on Friday, January 10th. Jefferies Financial Group raised their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Bank of America boosted their price target 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. Finally, Barclays raised their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $304.07.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $289.71 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 1 year low of $227.08 and a 1 year high of $316.72. The stock has a fifty day moving average price of $291.74 and a 200 day moving average price of $287.69. The stock has a market cap of $72.37 billion, a price-to-earnings ratio of 55.18 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting the consensus estimate of $2.26. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.00 EPS. Analysts forecast that Arthur J. Gallagher & Co. will post 10.05 EPS for the current fiscal year.

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.