Unisphere Establishment Grows Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Unisphere Establishment lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2,486.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 530,300 shares of the financial services provider's stock after buying an additional 509,800 shares during the period. Arthur J. Gallagher & Co. makes up about 1.3% of Unisphere Establishment's investment portfolio, making the stock its 22nd biggest position. Unisphere Establishment owned approximately 0.21% of Arthur J. Gallagher & Co. worth $150,526,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AJG. Norges Bank purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $1,421,591,000. Vanguard Group Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 14.9% in the fourth quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock valued at $8,422,435,000 after purchasing an additional 3,851,661 shares in the last quarter. Winslow Capital Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $719,489,000. Capital World Investors grew its holdings in shares of Arthur J. Gallagher & Co. by 30.4% in the fourth quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider's stock valued at $2,327,403,000 after purchasing an additional 1,910,471 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Arthur J. Gallagher & Co. by 162.0% during the fourth quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider's stock worth $801,115,000 after buying an additional 1,745,283 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $316.59 on Wednesday. The company's 50 day simple moving average is $330.42 and its 200-day simple moving average is $307.71. The firm has a market cap of $80.96 billion, a PE ratio of 48.56 and a beta of 0.64. Arthur J. Gallagher & Co. has a 12-month low of $232.58 and a 12-month high of $350.70. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Analyst Upgrades and Downgrades

AJG has been the subject of several recent analyst reports. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a research note on Thursday, April 10th. TD Cowen raised 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 note on Friday, January 10th. Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group lowered their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $315.27.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the transaction, the director now directly owns 16,533 shares of the company's stock, valued at $5,031,487.89. The trade was a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Richard C. Cary sold 10,000 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at $22,536,304.26. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,235 shares of company stock valued at $7,478,224. 1.60% of the stock is owned by insiders.

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.

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