Arthur J. Gallagher & Co. Sees Mixed Investor Activity Amidst Disappointing Results
Arthur J. Gallagher & Co. has seen a mixed bag of activity from its investors in recent times. While some, like Talbot Financial and Clarius Group, have increased their positions, others, including insiders, have reduced their stakes. The company's latest financial performance also fell short of expectations.
Vaughan Nelson Investment Management has significantly reduced its stake by 85.4%. Meanwhile, insiders have also been selling shares. Vice President Scott R. Hudson sold $3.8 million worth of shares, decreasing his holding by 13.01%. CFO Douglas K. Howell sold shares worth $2.4 million, reducing his holdings by 7.35%. These sales totalled nearly $9 million in the last quarter.
On the other hand, some investors are bullish about the company. Talbot Financial and Clarius Group have increased their positions, with gains up to 73.8%. However, analysts have a conservative average price target of $328.80 and a 'hold' recommendation for the company. Big investors appear divided about its future.
Arthur J. Gallagher & Co.'s P/E ratio stands at 44.17. Despite missing analyst expectations in the latest quarter, the company continues to attract some investors. However, significant stake reductions by insiders and mixed analyst recommendations suggest a cautious approach to the company's money management.
