Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 27,094 shares of the financial services provider’s stock after buying an additional 403 shares during the quarter. Fifth Third Bancorp’s holdings in Arthur J. Gallagher & Co. were worth $7,691,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 21.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock valued at $18,893,000 after buying an additional 11,752 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Arthur J. Gallagher & Co. by 15.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock worth $30,450,000 after purchasing an additional 14,860 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 231.2% in the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock valued at $249,237,000 after purchasing an additional 618,362 shares during the period. MML Investors Services LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 1.2% in the third quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock valued at $51,732,000 after purchasing an additional 2,092 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Arthur J. Gallagher & Co. by 16.7% during the 4th quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider’s stock worth $6,381,000 after buying an additional 3,217 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $289.71 on Monday. 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. has a 1-year low of $227.08 and a 1-year high of $316.72. The stock has a market cap of $72.37 billion, a PE ratio of 55.18 and a beta of 0.76. The firm has a fifty day moving average price of $291.74 and a 200 day moving average price of $287.86.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting the consensus estimate of $2.26. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.00 EPS. As a group, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on AJG shares. Wells Fargo & Company boosted their price target on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target on the stock. in a report on Monday, November 25th. Jefferies Financial Group lifted their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upgraded shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and cut their target price for the stock from $292.00 to $286.00 in a research note on Friday, January 10th. Finally, BMO Capital Markets lifted their price target 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.