Stonehage Fleming Financial Services Holdings Ltd Sells 175,158 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Stonehage Fleming Financial Services Holdings Ltd reduced its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 27.5% during the 4th quarter, HoldingsChannel reports. The firm owned 462,397 shares of the financial services provider’s stock after selling 175,158 shares during the quarter. Arthur J. Gallagher & Co. makes up approximately 3.7% of Stonehage Fleming Financial Services Holdings Ltd’s holdings, making the stock its 14th biggest holding. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Arthur J. Gallagher & Co. were worth $131,251,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on AJG. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. BMO Capital Markets increased their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods raised Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and decreased their price objective for the stock from $292.00 to $286.00 in a research note on Friday, January 10th. Bank of America increased their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $304.07.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $289.71 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 12 month low of $227.08 and a 12 month high of $316.72. The company’s fifty day simple moving average is $291.74 and its 200-day simple moving average is $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 earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the previous year, the business earned $2.00 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts expect that Arthur J. Gallagher & Co. will post 10.05 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Company Profile

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.