Atomi Financial Group Inc. Boosts Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Atomi Financial Group Inc. boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,384 shares of the financial services provider’s stock after buying an additional 64 shares during the quarter. Atomi Financial Group Inc.’s holdings in Arthur J. Gallagher & Co. were worth $393,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. APG Asset Management N.V. boosted its position in Arthur J. Gallagher & Co. by 7.0% during the second quarter. APG Asset Management N.V. now owns 300,692 shares of the financial services provider’s stock worth $72,752,000 after purchasing an additional 19,657 shares in the last quarter. MBB Public Markets I LLC raised its stake in shares of Arthur J. Gallagher & Co. by 1,100.6% during the 2nd quarter. MBB Public Markets I LLC now owns 15,212 shares of the financial services provider’s stock worth $3,945,000 after buying an additional 13,945 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Arthur J. Gallagher & Co. by 219.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,043,769 shares of the financial services provider’s stock valued at $270,660,000 after buying an additional 717,221 shares in the last quarter. Legal & General Group Plc increased its holdings in Arthur J. Gallagher & Co. by 2.7% in the 2nd quarter. Legal & General Group Plc now owns 1,640,938 shares of the financial services provider’s stock worth $425,511,000 after acquiring an additional 42,841 shares in the last quarter. Finally, Kathmere Capital Management LLC acquired a new position in Arthur J. Gallagher & Co. during the second quarter worth $299,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling

In other news, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,211,438. The trade was a 16.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $284.70, for a total transaction 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 $21,626,666.10. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AJG. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $295.00 to $377.00 in a research report on Friday, January 10th. BMO Capital Markets boosted their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their target price on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Bank of America lifted their target price on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Two 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $304.07.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $289.71 on Friday. The stock has a market cap of $72.37 billion, a price-to-earnings ratio of 55.18 and a beta of 0.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $291.84 and a 200-day simple moving average of $287.52. Arthur J. Gallagher & Co. has a 1-year low of $227.08 and a 1-year high of $316.72.

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, analysts expect that Arthur J. Gallagher & Co. will post 10.05 EPS for the current 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.