13,265 Shares in Arthur J. Gallagher & Co. $AJG Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,265 shares of the financial services provider’s stock, valued at approximately $4,246,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AJG. JPMorgan Chase & Co. grew its position in shares of Arthur J. Gallagher & Co. by 38.3% in the 1st quarter. JPMorgan Chase & Co. now owns 17,372,745 shares of the financial services provider’s stock worth $5,997,767,000 after buying an additional 4,815,007 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Arthur J. Gallagher & Co. by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 30,411,264 shares of the financial services provider’s stock worth $10,499,185,000 after buying an additional 739,130 shares during the last quarter. Nuveen LLC purchased a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $240,665,000. 1832 Asset Management L.P. grew its position in Arthur J. Gallagher & Co. by 3,142.2% during the 1st quarter. 1832 Asset Management L.P. now owns 640,911 shares of the financial services provider’s stock worth $221,268,000 after purchasing an additional 621,143 shares during the last quarter. Finally, DSM Capital Partners LLC purchased a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $136,565,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $267.93 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a fifty day moving average price of $297.45 and a 200 day moving average price of $311.73. Arthur J. Gallagher & Co. has a 1 year low of $266.71 and a 1 year high of $351.23. The stock has a market cap of $68.70 billion, a P/E ratio of 38.06 and a beta of 0.73.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.03). The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.20 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 earnings per share. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 12,855 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the sale, the vice president directly owned 85,920 shares in the company, valued at $25,569,792. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas K. Howell sold 8,000 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the completion of the sale, the chief financial officer owned 100,777 shares of the company’s stock, valued at $30,186,742.58. This trade represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 29,855 shares of company stock valued at $8,916,928 over the last quarter. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, September 3rd. They set a “buy” rating and a $344.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, October 8th. Cantor Fitzgerald raised shares of Arthur J. Gallagher & Co. to a “strong-buy” rating in a research report on Wednesday, August 13th. Barclays dropped their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Finally, UBS Group upped their price objective on shares of Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the company a “neutral” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $331.43.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.