Embree Financial Group Makes New $200,000 Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Embree Financial Group acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 706 shares of the financial services provider’s stock, valued at approximately $200,000.

Several other institutional investors have also recently modified their holdings of the company. AlphaMark Advisors LLC increased its holdings in Arthur J. Gallagher & Co. by 3.2% in the 4th quarter. AlphaMark Advisors LLC now owns 3,476 shares of the financial services provider’s stock worth $987,000 after buying an additional 109 shares during the period. Running Oak Capital LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock valued at $13,830,000 after acquiring an additional 3,983 shares during the last quarter. Grimes & Company Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 1.1% in the fourth quarter. Grimes & Company Inc. now owns 7,255 shares of the financial services provider’s stock worth $2,059,000 after acquiring an additional 79 shares during the period. Lantz Financial LLC lifted its position in Arthur J. Gallagher & Co. by 21.7% during the fourth quarter. Lantz Financial LLC now owns 1,791 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 319 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Arthur J. Gallagher & Co. by 1.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 18,232 shares of the financial services provider’s stock valued at $5,175,000 after purchasing an additional 275 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Price Performance

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

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the firm posted $2.00 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, analysts predict that Arthur J. Gallagher & Co. will post 10.05 EPS for the current fiscal year.

Insider Activity

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

Wall Street Analyst Weigh In

AJG has been the subject of several analyst reports. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Barclays boosted their price target on 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. BMO Capital Markets raised their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Finally, Bank of America raised 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 research report on Thursday, October 10th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $304.07.

Arthur J. Gallagher & Co. 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.