Lindbrook Capital LLC Purchases 89 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Lindbrook Capital LLC increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 743 shares of the financial services provider’s stock after purchasing an additional 89 shares during the quarter. Lindbrook Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AJG. McGlone Suttner Wealth Management Inc. lifted its holdings in Arthur J. Gallagher & Co. by 4.0% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,286 shares of the financial services provider’s stock worth $514,000 after buying an additional 88 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.7% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 47 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Arthur J. Gallagher & Co. by 16.1% during the 4th quarter. Mackenzie Financial Corp now owns 112,087 shares of the financial services provider’s stock valued at $25,206,000 after purchasing an additional 15,528 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $2,946,000. Finally, Legato Capital Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 43.7% during the 4th quarter. Legato Capital Management LLC now owns 13,495 shares of the financial services provider’s stock valued at $3,035,000 after purchasing an additional 4,102 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

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

Arthur J. Gallagher & Co. Price Performance

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

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

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares in the company, valued at $24,666,597.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Profile

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.