Cerebellum GP LLC Invests $154,000 in Arthur J Gallagher & Co (AJG) Stock

Cerebellum GP LLC acquired a new position in shares of Arthur J Gallagher & Co (NYSE:AJG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,427 shares of the financial services provider’s stock, valued at approximately $154,000.

A number of other hedge funds also recently added to or reduced their stakes in AJG. Janus Henderson Group PLC raised its holdings in Arthur J Gallagher & Co by 8,471.3% during the second quarter. Janus Henderson Group PLC now owns 1,852,944 shares of the financial services provider’s stock worth $106,081,000 after purchasing an additional 1,831,326 shares in the last quarter. Vanguard Group Inc. raised its holdings in Arthur J Gallagher & Co by 3.2% during the second quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock worth $1,039,067,000 after purchasing an additional 571,235 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Arthur J Gallagher & Co by 927.7% during the second quarter. Renaissance Technologies LLC now owns 408,000 shares of the financial services provider’s stock worth $23,358,000 after purchasing an additional 368,300 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in Arthur J Gallagher & Co by 27.6% during the third quarter. Westfield Capital Management Co. LP now owns 1,349,368 shares of the financial services provider’s stock worth $83,054,000 after purchasing an additional 291,510 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Arthur J Gallagher & Co by 8.0% during the third quarter. Victory Capital Management Inc. now owns 3,885,066 shares of the financial services provider’s stock worth $239,126,000 after purchasing an additional 286,471 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors.

Arthur J Gallagher & Co (NYSE AJG) opened at $64.56 on Wednesday. The company has a market cap of $11,670.00, a price-to-earnings ratio of 25.82, a PEG ratio of 1.72 and a beta of 1.23. Arthur J Gallagher & Co has a 1-year low of $52.77 and a 1-year high of $67.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J Gallagher & Co had a net margin of 7.62% and a return on equity of 13.56%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. analysts predict that Arthur J Gallagher & Co will post 2.99 earnings per share for the current fiscal year.

A number of analysts have weighed in on AJG shares. Zacks Investment Research cut shares of Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Deutsche Bank cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a report on Wednesday, October 4th. Royal Bank of Canada reissued a “hold” rating and set a $59.00 price objective on shares of Arthur J Gallagher & Co in a report on Tuesday, October 10th. Barclays raised their price objective on shares of Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Finally, Credit Suisse Group raised their price objective on shares of Arthur J Gallagher & Co from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Arthur J Gallagher & Co has a consensus rating of “Buy” and a consensus price target of $68.22.

In other news, Director Frank E. Jr. English sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total value of $95,505.00. Following the transaction, the director now directly owns 10,600 shares of the company’s stock, valued at approximately $674,902. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of Arthur J Gallagher & Co stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.29, for a total transaction of $496,204.00. Following the completion of the transaction, the vice president now directly owns 25,027 shares in the company, valued at $1,634,012.83. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

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

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