Cwm LLC Cuts Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Cwm LLC reduced its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 22.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,994 shares of the financial services provider’s stock after selling 6,831 shares during the period. Cwm LLC’s holdings in Arthur J. Gallagher & Co. were worth $5,171,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Arthur J. Gallagher & Co. by 1.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,985 shares of the financial services provider’s stock valued at $4,494,000 after purchasing an additional 335 shares in the last quarter. Signaturefd LLC grew its position in shares of Arthur J. Gallagher & Co. by 1.7% in the fourth quarter. Signaturefd LLC now owns 3,467 shares of the financial services provider’s stock valued at $780,000 after purchasing an additional 57 shares in the last quarter. Robbins Farley purchased a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $2,518,000. Lindbrook Capital LLC grew its position in shares of Arthur J. Gallagher & Co. by 13.6% in the fourth quarter. Lindbrook Capital LLC now owns 743 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 89 shares in the last quarter. Finally, abrdn plc grew its position in shares of Arthur J. Gallagher & Co. by 69.9% in the fourth quarter. abrdn plc now owns 89,051 shares of the financial services provider’s stock valued at $20,026,000 after purchasing an additional 36,645 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $237.88 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. Arthur J. Gallagher & Co. has a 52-week low of $198.52 and a 52-week high of $256.10. The business’s 50-day moving average price is $244.45 and its 200 day moving average price is $238.95. The firm has a market cap of $51.93 billion, a P/E ratio of 53.58, a P/E/G ratio of 2.23 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the company posted $1.54 earnings per share. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AJG shares. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and dropped their price target for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. Royal Bank of Canada increased their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods lowered their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Truist Financial reiterated a “hold” rating and issued a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Finally, TD Cowen upped their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $255.23.

Insider Buying and Selling

In related news, VP Joel D. Cavaness sold 1,207 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now owns 2,023 shares of the company’s stock, valued at $516,269.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the completion of the sale, the vice president now owns 322,797 shares in the company, valued at $76,712,707.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the sale, the vice president now owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The disclosure for this sale can be found here. Insiders have sold a total of 29,016 shares of company stock valued at $7,176,180 over the last quarter. 1.60% of the stock is currently owned by insiders.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.