Arthur J. Gallagher & Co. $AJG Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 87.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,318 shares of the financial services provider’s stock after selling 8,935 shares during the period. Hilltop Holdings Inc.’s holdings in Arthur J. Gallagher & Co. were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AJG. Kemnay Advisory Services Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $26,000. Cassaday & Co Wealth Management LLC purchased a new position in Arthur J. Gallagher & Co. during the first quarter worth about $29,000. MV Capital Management Inc. purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $34,000. Rakuten Securities Inc. lifted its position in Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares during the period. Finally, Avalon Trust Co purchased a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $40,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the sale, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

AJG stock opened at $265.31 on Wednesday. The firm has a 50 day moving average of $228.49 and a 200-day moving average of $224.93. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $313.55. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a market cap of $68.16 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 1.31 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the company earned $3.67 EPS. The company’s quarterly revenue was up 29.0% on a year-over-year basis. As a group, equities analysts expect that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Analyst Ratings Changes

AJG has been the topic of several recent analyst reports. Citigroup upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $280.00 to $250.00 in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on Arthur J. Gallagher & Co. from $271.00 to $299.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Barclays upped their price objective on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Truist Financial cut their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Finally, UBS Group boosted their target price on shares of Arthur J. Gallagher & Co. from $250.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $280.35.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.