HBK Investments L P Invests $1.42 Million in Arthur J. Gallagher & Co. (NYSE:AJG)

HBK Investments L P bought a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the financial services provider's stock, valued at approximately $1,419,000.

Several other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $25,000. MRP Capital Investments LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $28,000. New Age Alpha Advisors LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock valued at $31,000 after buying an additional 49 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $35,000. Finally, Financial Life Planners acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $36,000. Institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AJG. Barclays raised their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a "market perform" rating in a research report on Friday, March 21st. Piper Sandler raised Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada lifted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $315.27.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG stock traded up $0.39 during trading on Wednesday, hitting $317.53. The company had a trading volume of 883,806 shares, compared to its average volume of 1,279,470. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $81.20 billion, a P/E ratio of 48.70 and a beta of 0.64. The stock's 50-day moving average price is $330.42 and its 200 day moving average price is $307.71. Arthur J. Gallagher & Co. has a one year low of $232.58 and a one year high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the sale, the vice president now directly owns 90,020 shares in the company, valued at $30,029,771.80. This represents a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the sale, the chief accounting officer now owns 69,774 shares of the company's stock, valued at $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock worth $7,478,224 over the last three months. Insiders own 1.60% of the company's stock.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.