Arthur J. Gallagher & Co. $AJG Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 31.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,594 shares of the financial services provider’s stock after purchasing an additional 2,511 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,742,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Directional Asset Management acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $1,271,000. Lebenthal Global Advisors LLC grew its position in Arthur J. Gallagher & Co. by 6.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 4,256 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 245 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. Chicago Partners Investment Group LLC now owns 20,913 shares of the financial services provider’s stock valued at $5,295,000 after acquiring an additional 103 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its position in Arthur J. Gallagher & Co. by 2.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 11,679 shares of the financial services provider’s stock valued at $3,022,000 after acquiring an additional 313 shares in the last quarter. Finally, Ayrshire Capital Management LLC grew its position in Arthur J. Gallagher & Co. by 67.1% in the 4th quarter. Ayrshire Capital Management LLC now owns 24,421 shares of the financial services provider’s stock valued at $6,320,000 after acquiring an additional 9,804 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on AJG shares. BMO Capital Markets raised Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $275.00 to $278.00 in a research report on Tuesday, March 24th. Mizuho dropped their target price on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada assumed coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 target price for the company. Wells Fargo & Company lowered their price objective on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and an average target price of $273.94.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the sale, the vice president owned 19,306 shares in the company, valued at $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott R. Hudson sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the sale, the vice president owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. The trade was a 4.24% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $213.32 on Wednesday. Arthur J. Gallagher & Co. has a one year low of $195.00 and a one year high of $351.23. The company has a market cap of $54.85 billion, a PE ratio of 34.69, a P/E/G ratio of 1.07 and a beta of 0.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50-day simple moving average of $217.54 and a 200-day simple moving average of $240.82.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The business’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post 13.19 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Profile

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.