Embree Financial Group Purchases Shares of 706 Arthur J. Gallagher & Co. (NYSE:AJG)

Embree Financial Group bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 706 shares of the financial services provider’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in Arthur J. Gallagher & Co. by 4.9% during the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock valued at $3,462,392,000 after purchasing an additional 580,134 shares during the last quarter. State Street Corp lifted its holdings in shares of Arthur J. Gallagher & Co. by 0.5% in the 3rd quarter. State Street Corp now owns 8,932,007 shares of the financial services provider’s stock valued at $2,513,199,000 after acquiring an additional 47,656 shares during the last quarter. Geode Capital Management LLC increased its stake in Arthur J. Gallagher & Co. by 1.5% during the third quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider’s stock worth $1,541,044,000 after acquiring an additional 79,429 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Arthur J. Gallagher & Co. by 13.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider’s stock valued at $899,538,000 after purchasing an additional 383,130 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Arthur J. Gallagher & Co. by 2.7% during the second quarter. Legal & General Group Plc now owns 1,640,938 shares of the financial services provider’s stock valued at $425,511,000 after acquiring an additional 42,841 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Up 0.6 %

Arthur J. Gallagher & Co. stock opened at $289.71 on Friday. 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 firm has a market cap of $72.37 billion, a P/E ratio of 55.18 and a beta of 0.76. The business has a fifty day moving average of $291.74 and a two-hundred day moving average of $287.69. Arthur J. Gallagher & Co. has a twelve month low of $227.08 and a twelve month high of $316.72.

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

Insider Activity at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction dated 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. This represents a 8.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Christopher E. Mead sold 2,800 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,211,438. This represents a 16.02 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AJG has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Bank of America lifted their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Barclays upped their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $304.07.

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.