Ieq Capital LLC Has $1.26 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Ieq Capital LLC raised its holdings in Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) by 134.2% in the third quarter, Holdings Channel.com reports. The fund owned 7,369 shares of the financial services provider’s stock after acquiring an additional 4,222 shares during the quarter. Ieq Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,262,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bishop Rock Capital L.P. bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter valued at approximately $22,862,000. WCM Investment Management LLC bought a new position in shares of Arthur J. Gallagher & Co. in the third quarter valued at approximately $435,911,000. Massachusetts Financial Services Co. MA raised its position in shares of Arthur J. Gallagher & Co. by 28.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,234,199 shares of the financial services provider’s stock valued at $853,382,000 after purchasing an additional 1,162,186 shares during the period. FMR LLC raised its position in shares of Arthur J. Gallagher & Co. by 9.4% in the second quarter. FMR LLC now owns 10,232,531 shares of the financial services provider’s stock valued at $1,668,312,000 after purchasing an additional 880,314 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Arthur J. Gallagher & Co. by 32.8% in the second quarter. UBS Asset Management Americas Inc. now owns 1,536,800 shares of the financial services provider’s stock valued at $250,560,000 after purchasing an additional 379,206 shares during the period. 82.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AJG has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of Arthur J. Gallagher & Co. from $208.00 to $215.00 in a research report on Friday, October 7th. BMO Capital Markets initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Thursday, January 19th. They set an “outperform” rating and a $211.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Arthur J. Gallagher & Co. from $212.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. UBS Group boosted their target price on shares of Arthur J. Gallagher & Co. to $197.00 in a research report on Friday, November 4th. Finally, Royal Bank of Canada boosted their target price on shares of Arthur J. Gallagher & Co. from $196.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.21.

Insider Activity

In related news, Director William L. Bax sold 350 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $189.30, for a total transaction of $66,255.00. Following the transaction, the director now owns 45,405 shares in the company, valued at approximately $8,595,166.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director William L. Bax sold 350 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $189.30, for a total transaction of $66,255.00. Following the transaction, the director now owns 45,405 shares in the company, valued at approximately $8,595,166.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Joel D. Cavaness sold 10,000 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $192.72, for a total transaction of $1,927,200.00. Following the transaction, the vice president now owns 111,087 shares in the company, valued at approximately $21,408,686.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,555 shares of company stock worth $7,355,347. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.6 %

Shares of NYSE:AJG opened at $197.01 on Wednesday. Arthur J. Gallagher & Co. has a 52 week low of $147.32 and a 52 week high of $201.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day moving average is $192.84 and its 200-day moving average is $184.19. The company has a market capitalization of $41.54 billion, a PE ratio of 38.78, a P/E/G ratio of 2.20 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last issued its earnings results on Thursday, October 27th. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.67 by $0.05. Arthur J. Gallagher & Co. had a net margin of 12.86% and a return on equity of 17.56%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the company earned $1.33 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts predict that Arthur J. Gallagher & Co. will post 7.73 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Company Profile

(Get Rating)

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, consulting, and third-party claims settlement and administration services to both domestic and international entities. It operates through the following business segments: Brokerage, Risk Management and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.

Recommended Stories

Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJGGet Rating).

Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.