VCI Wealth Management LLC Boosts Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

VCI Wealth Management LLC grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,810 shares of the financial services provider’s stock after buying an additional 1,200 shares during the quarter. Arthur J. Gallagher & Co. accounts for 0.9% of VCI Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. VCI Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,217,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at $26,000. Rakuten Securities Inc. grew its holdings in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 87 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares during the last quarter. Quarry LP bought a new stake in Arthur J. Gallagher & Co. in the 2nd quarter worth $29,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth $35,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 2.2 %

Shares of NYSE AJG opened at $295.87 on Tuesday. Arthur J. Gallagher & Co. has a 1 year low of $227.43 and a 1 year high of $316.72. The stock has a market cap of $73.91 billion, a P/E ratio of 56.36 and a beta of 0.76. The firm has a 50-day moving average of $291.74 and a 200 day moving average of $288.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AJG shares. Jefferies Financial Group raised their price target on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets raised 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 report on Tuesday, November 12th. Barclays raised their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and cut their target price for the company from $292.00 to $286.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company lifted their target price on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $304.07.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.