Stonehage Fleming Financial Services Holdings Ltd Trims Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Stonehage Fleming Financial Services Holdings Ltd lessened its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 462,397 shares of the financial services provider’s stock after selling 175,158 shares during the period. Arthur J. Gallagher & Co. comprises about 3.7% of Stonehage Fleming Financial Services Holdings Ltd’s investment portfolio, making the stock its 14th largest position. Stonehage Fleming Financial Services Holdings Ltd owned approximately 0.19% of Arthur J. Gallagher & Co. worth $131,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. W Advisors LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 2.4% in the 3rd quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 36 shares during the last quarter. Miracle Mile Advisors LLC increased 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 worth $1,289,000 after buying an additional 38 shares during the period. Covenant Partners LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 0.7% in the 3rd quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock worth $1,499,000 after acquiring an additional 38 shares during the period. Disciplined Investments LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.7% during the third quarter. Disciplined Investments LLC now owns 5,849 shares of the financial services provider’s stock valued at $1,635,000 after buying an additional 38 shares during the last quarter. Finally, Seelaus Asset Management LLC boosted its position in Arthur J. Gallagher & Co. by 0.7% during the 3rd quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider’s stock worth $1,542,000 after acquiring an additional 38 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Trading Up 0.6 %

Shares of Arthur J. Gallagher & Co. stock opened at $289.71 on Monday. The company has a market cap of $72.37 billion, a price-to-earnings ratio of 55.18 and a beta of 0.76. Arthur J. Gallagher & Co. has a 1 year low of $227.08 and a 1 year 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 company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company 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 firm posted $2.00 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.05 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on AJG. Jefferies Financial Group increased their price objective 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 raised 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. Bank of America boosted their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. The Goldman Sachs Group lowered 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, Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus price target of $304.07.

About Arthur J. Gallagher & Co.

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.