ICON Advisers boosted its stake in shares of Arthur J Gallagher & Co (NYSE:AJG) by 11.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,570 shares of the company’s stock after buying an additional 15,500 shares during the period. ICON Advisers owned 0.09% of Arthur J Gallagher & Co worth $6,216,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. KBC Group increased its stake in shares of Arthur J Gallagher & Co by 45.5% in the third quarter. KBC Group now owns 6,386 shares of the company’s stock valued at $264,000 after buying an additional 1,998 shares during the period. Eagle Asset Management increased its stake in shares of Arthur J Gallagher & Co by 127.4% in the third quarter. Eagle Asset Management now owns 227,206 shares of the company’s stock valued at $9,378,000 after buying an additional 127,313 shares during the period. EisnerAmper Wealth Management increased its stake in shares of Arthur J Gallagher & Co by 10.0% in the fourth quarter. EisnerAmper Wealth Management now owns 15,889 shares of the company’s stock valued at $650,000 after buying an additional 1,443 shares during the period. Osborn Rohs Williams & Donohoe increased its stake in shares of Arthur J Gallagher & Co by 57.2% in the fourth quarter. Osborn Rohs Williams & Donohoe now owns 24,325 shares of the company’s stock valued at $996,000 after buying an additional 8,850 shares during the period. Finally, Janus Capital Management increased its stake in shares of Arthur J Gallagher & Co by 92.8% in the third quarter. Janus Capital Management now owns 29,500 shares of the company’s stock valued at $1,218,000 after buying an additional 14,200 shares during the period.

Arthur J Gallagher & Co (NYSE:AJG) traded up 2.45% on Friday, reaching $37.65. 754,597 shares of the company’s stock were exchanged. Arthur J Gallagher & Co has a 1-year low of $35.96 and a 1-year high of $49.59. The firm has a 50-day moving average price of $40.40 and a 200-day moving average price of $43.47. The company has a market capitalization of $6.65 billion and a P/E ratio of 18.51.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.08. The firm earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. Equities research analysts expect that Arthur J Gallagher & Co will post $2.55 earnings per share for the current year.

AJG has been the subject of several recent analyst reports. Sandler O’Neill downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. BMO Capital Markets lowered their price objective on shares of Arthur J Gallagher & Co from $55.00 to $53.00 in a research note on Tuesday, October 6th. Wells Fargo began coverage on shares of Arthur J Gallagher & Co in a research note on Wednesday, October 14th. They set an “outperform” rating for the company. Credit Suisse lowered their price objective on shares of Arthur J Gallagher & Co to $50.00 in a research note on Wednesday, October 28th. Finally, RBC Capital lowered their price objective on shares of Arthur J Gallagher & Co from $52.00 to $50.00 and set a “sector perform” rating for the company in a research note on Thursday, October 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $50.67.

Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to entities in the United States and abroad. The Company’s brokers, agents and administrators act as intermediaries between insurers and their customers. The Company operates in three segments: brokerage, risk management and corporate. The brokerage segment comprises of retail and wholesale insurance brokerage operations. The risk management segment provides contract claim settlement and administration services for enterprises and for insurance companies. The corporate segment reports the financial information related to its debt, clean energy investments, external acquisition-related expenses and other corporate costs.

12 Month Chart for NYSE:AJG

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