Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 35.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,495 shares of the financial services provider’s stock after acquiring an additional 393 shares during the quarter. Stonegate Investment Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $424,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Creative Planning boosted its position in Arthur J. Gallagher & Co. by 5.1% during the second quarter. Creative Planning now owns 57,116 shares of the financial services provider’s stock worth $14,811,000 after acquiring an additional 2,782 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Arthur J. Gallagher & Co. by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,421 shares of the financial services provider’s stock worth $2,183,000 after purchasing an additional 586 shares during the last quarter. Quarry LP acquired a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at approximately $29,000. Regal Investment Advisors LLC lifted its position in Arthur J. Gallagher & Co. by 11.3% during the second quarter. Regal Investment Advisors LLC now owns 1,405 shares of the financial services provider’s stock worth $364,000 after buying an additional 143 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in Arthur J. Gallagher & Co. by 21.3% during the second quarter. EP Wealth Advisors LLC now owns 1,122 shares of the financial services provider’s stock worth $291,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.8 %

Arthur J. Gallagher & Co. stock opened at $293.59 on Wednesday. The stock has a 50-day moving average price of $291.79 and a 200 day moving average price of $288.18. Arthur J. Gallagher & Co. has a 52 week low of $227.43 and a 52 week high of $316.72. The stock has a market cap of $73.34 billion, a PE ratio of 55.92 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64.

Wall Street Analysts Forecast Growth

AJG has been the topic of several analyst reports. BMO Capital Markets lifted their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a report on Monday, November 25th. Wells Fargo & Company raised 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 report on Tuesday, December 10th. Jefferies Financial Group upped their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price 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.