Arthur J. Gallagher & Co. $AJG Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 34.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,388 shares of the financial services provider’s stock after purchasing an additional 2,663 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Arthur J. Gallagher & Co. were worth $2,250,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AJG. Vanguard Group Inc. raised its position in shares of Arthur J. Gallagher & Co. by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 31,390,446 shares of the financial services provider’s stock worth $8,123,534,000 after purchasing an additional 217,136 shares during the period. Capital World Investors increased its stake in Arthur J. Gallagher & Co. by 7.0% in the 4th quarter. Capital World Investors now owns 12,613,371 shares of the financial services provider’s stock worth $3,264,359,000 after purchasing an additional 830,252 shares in the last quarter. State Street Corp raised its holdings in Arthur J. Gallagher & Co. by 0.6% during the 4th quarter. State Street Corp now owns 10,953,598 shares of the financial services provider’s stock worth $2,834,682,000 after buying an additional 62,518 shares during the period. Norges Bank purchased a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at about $1,925,062,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 123.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,887,538 shares of the financial services provider’s stock worth $1,523,636,000 after buying an additional 3,253,498 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the sale, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AJG has been the topic of a number of research analyst reports. Wolfe Research downgraded Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $280.00 to $250.00 in a research report on Wednesday, May 6th. Wells Fargo & Company increased their target price on shares of Arthur J. Gallagher & Co. from $271.00 to $299.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Truist Financial dropped their price target on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Finally, Weiss Ratings raised Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.35.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $265.31 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $313.55. The firm has a fifty day simple moving average of $228.49 and a 200-day simple moving average of $224.93. The stock has a market capitalization of $68.16 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 1.31 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The company’s revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.67 EPS. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 13.22 earnings per share for the current 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.