This evening we watched Arthur J. Gallagher & Co. drop -7.4% to a price of $227.04 per share. The large-cap Specialty Insurance company is now trading -11.34% below its average target price of $256.07. Analysts have set target prices ranging from $187.0 to $290.0 per share for Arthur J. Gallagher & Co., and have given the stock an average rating of buy.
The stock has a very low short interest at 1.3%, and a short ratio of 2.92. The company's insiders own 0.93% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 87.5% of Arthur J. Gallagher & Co.'s shares being owned by this investor type.
Institutions Invested in Arthur J. Gallagher & Co.
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 12% | 25,516,130 | $5,793,181,983 |
| 2023-09-30 | Blackrock Inc. | 8% | 17,020,760 | $3,864,393,236 |
| 2023-09-30 | FMR, LLC | 4% | 9,664,117 | $2,194,141,058 |
| 2023-09-30 | Capital International Investors | 4% | 9,651,212 | $2,191,211,107 |
| 2023-09-30 | State Street Corporation | 4% | 8,699,027 | $1,975,027,031 |
| 2022-12-31 | Norges Bank Investment Management | 4% | 7,594,081 | $1,724,160,099 |
| 2023-09-30 | Morgan Stanley | 3% | 6,209,557 | $1,409,817,779 |
| 2023-09-30 | Massachusetts Financial Services Co. | 2% | 5,396,350 | $1,225,187,267 |
| 2023-09-30 | JP Morgan Chase & Company | 2% | 5,000,975 | $1,135,421,330 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 4,881,758 | $1,108,354,303 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Arthur J. Gallagher & Co..
