E Fund Management Hong Kong Co. Ltd. Buys New Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

E Fund Management Hong Kong Co. Ltd. purchased a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 123 shares of the financial services provider’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. W Advisors LLC boosted its stake in Arthur J. Gallagher & Co. by 2.4% during the third quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock valued at $426,000 after buying an additional 36 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 0.8% in the third quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 38 shares in the last quarter. Covenant Partners LLC increased its position in Arthur J. Gallagher & Co. by 0.7% in the third quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock worth $1,499,000 after purchasing an additional 38 shares during the last quarter. Disciplined Investments LLC raised its stake in Arthur J. Gallagher & Co. by 0.7% during the third quarter. Disciplined Investments LLC now owns 5,849 shares of the financial services provider’s stock valued at $1,635,000 after purchasing an additional 38 shares in the last quarter. Finally, Seelaus Asset Management LLC lifted its position in Arthur J. Gallagher & Co. by 0.7% during the third quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider’s stock valued at $1,542,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and decreased their price target for the company from $292.00 to $286.00 in a report on Friday, January 10th. Jefferies Financial Group lifted their price objective on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their target price for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $304.07.

Arthur J. Gallagher & Co. Trading Up 0.6 %

Shares of NYSE AJG opened at $289.71 on Monday. Arthur J. Gallagher & Co. has a twelve month low of $227.08 and a twelve month high of $316.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $291.74 and a two-hundred day simple moving average of $287.86. The firm has a market cap of $72.37 billion, a PE ratio of 55.18 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts expect that Arthur J. Gallagher & Co. will post 10.05 earnings per share for the current fiscal year.

About Arthur J. Gallagher & Co.

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.