Wealthfront Advisers LLC Acquires 1,128 Shares of Arthur J Gallagher & Co (NYSE:AJG)

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Wealthfront Advisers LLC lifted its holdings in shares of Arthur J Gallagher & Co (NYSE:AJG) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,682 shares of the financial services provider’s stock after acquiring an additional 1,128 shares during the quarter. Wealthfront Advisers LLC’s holdings in Arthur J Gallagher & Co were worth $1,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AJG. First National Bank of Omaha raised its holdings in shares of Arthur J Gallagher & Co by 21.5% during the 4th quarter. First National Bank of Omaha now owns 13,057 shares of the financial services provider’s stock worth $1,243,000 after buying an additional 2,313 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Arthur J Gallagher & Co by 168.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 32,968 shares of the financial services provider’s stock worth $3,140,000 after purchasing an additional 20,709 shares during the last quarter. Huntington National Bank raised its stake in shares of Arthur J Gallagher & Co by 193.3% in the fourth quarter. Huntington National Bank now owns 1,361 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 897 shares during the last quarter. Welch & Forbes LLC raised its stake in shares of Arthur J Gallagher & Co by 37.0% in the fourth quarter. Welch & Forbes LLC now owns 123,938 shares of the financial services provider’s stock worth $11,802,000 after purchasing an additional 33,464 shares during the last quarter. Finally, Three Peaks Capital Management LLC purchased a new stake in shares of Arthur J Gallagher & Co in the fourth quarter worth approximately $3,524,000. Institutional investors own 82.81% of the company’s stock.

In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 1,944 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $95.32, for a total transaction of $185,302.08. Following the completion of the transaction, the general counsel now directly owns 67,644 shares of the company’s stock, valued at $6,447,826.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank E. Jr. English sold 1,450 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $91.46, for a total value of $132,617.00. Following the transaction, the director now directly owns 7,150 shares of the company’s stock, valued at $653,939. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,493 shares of company stock valued at $3,414,652. 1.30% of the stock is owned by corporate insiders.

A number of analysts recently commented on the company. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada set a $91.00 price target on Arthur J Gallagher & Co and gave the company a “hold” rating in a research report on Friday, October 25th. Barclays reaffirmed a “buy” rating and set a $113.00 price target on shares of Arthur J Gallagher & Co in a research report on Tuesday, January 7th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $95.29.

Shares of AJG opened at $96.99 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.38 and a beta of 0.80. The stock has a 50 day moving average of $95.09 and a 200 day moving average of $91.40. Arthur J Gallagher & Co has a 12 month low of $71.55 and a 12 month high of $97.17.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. Arthur J Gallagher & Co had a return on equity of 14.38% and a net margin of 9.69%. Arthur J Gallagher & Co’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. As a group, equities research analysts predict that Arthur J Gallagher & Co will post 3.61 earnings per share for the current year.

About Arthur J Gallagher & Co

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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Institutional Ownership by Quarter for Arthur J Gallagher & Co (NYSE:AJG)

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