Red Spruce Capital LLC Makes New Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Red Spruce Capital LLC acquired a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,050 shares of the financial services provider’s stock, valued at approximately $298,000.

Several other large investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth $26,000. Pin Oak Investment Advisors Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares during the last quarter. Quarry LP acquired a new position in Arthur J. Gallagher & Co. during the 2nd quarter valued at approximately $29,000. Rakuten Securities Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 580.0% in the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after buying an additional 87 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Arthur J. Gallagher & Co. by 47.6% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 152 shares of the financial services provider’s stock valued at $44,000 after buying an additional 49 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the sale, the vice president now directly owns 14,674 shares in the company, valued at approximately $4,211,438. The trade was a 16.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $284.70, for a total value 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 approximately $21,626,666.10. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.6 %

Shares of Arthur J. Gallagher & Co. stock opened at $296.59 on Wednesday. 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. has a twelve month low of $227.08 and a twelve month high of $316.72. The firm has a market capitalization of $74.09 billion, a PE ratio of 56.49 and a beta of 0.76. The firm’s 50-day moving average price is $292.04 and its 200 day moving average price is $287.25.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts predict that Arthur J. Gallagher & Co. will post 10.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AJG has been the subject of a number of research analyst reports. Barclays raised their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Bank of America lifted their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. BMO Capital Markets upped their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their target price for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and a consensus target price of $304.07.

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.