Geneos Wealth Management Inc. Purchases 275 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Geneos Wealth Management Inc. lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,232 shares of the financial services provider’s stock after buying an additional 275 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $5,175,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AJG. APG Asset Management N.V. boosted its holdings in Arthur J. Gallagher & Co. by 7.0% in the 2nd quarter. APG Asset Management N.V. now owns 300,692 shares of the financial services provider’s stock valued at $72,752,000 after purchasing an additional 19,657 shares during the period. MBB Public Markets I LLC raised its position in shares of Arthur J. Gallagher & Co. by 1,100.6% in the second quarter. MBB Public Markets I LLC now owns 15,212 shares of the financial services provider’s stock valued at $3,945,000 after buying an additional 13,945 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Arthur J. Gallagher & Co. by 219.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,043,769 shares of the financial services provider’s stock worth $270,660,000 after buying an additional 717,221 shares in the last quarter. Legal & General Group Plc increased its stake in Arthur J. Gallagher & Co. by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 1,640,938 shares of the financial services provider’s stock worth $425,511,000 after acquiring an additional 42,841 shares during the period. Finally, Kathmere Capital Management LLC acquired a new position in Arthur J. Gallagher & Co. in the 2nd quarter valued at $299,000. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AJG. Bank of America raised their price target 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. Jefferies Financial Group raised their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods raised Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and reduced their target price for the company from $292.00 to $286.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $304.07.

Insider Buying and Selling

In other news, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the completion of the sale, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,626,666.10. This represents a 8.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the transaction, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. The trade was a 16.02 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $289.71 on Friday. The company has a market capitalization of $72.37 billion, a PE ratio of 55.18 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $291.74 and a two-hundred day moving average price of $287.69. Arthur J. Gallagher & Co. has a 12 month low of $227.08 and a 12 month high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.26. The firm had revenue of $2.77 billion for 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 revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. Analysts expect that Arthur J. Gallagher & Co. will post 10.05 EPS for the current 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.