Iams Wealth Management LLC Grows Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Iams Wealth Management LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 65.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,962 shares of the financial services provider’s stock after purchasing an additional 3,138 shares during the period. Arthur J. Gallagher & Co. comprises about 1.0% of Iams Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Iams Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Arthur J. Gallagher & Co. by 5.1% during the 2nd 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 period. Northwestern Mutual Wealth Management Co. lifted 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 acquiring an additional 586 shares during the period. Quarry LP purchased a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth about $29,000. Regal Investment Advisors LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 11.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 1,405 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 143 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 21.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 1,122 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 197 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AJG shares. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Wells Fargo & Company increased their target price on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. BMO Capital Markets increased their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Barclays increased their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods raised shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their target price for the stock from $292.00 to $286.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $304.07.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $293.11 on Wednesday. The stock has a market cap of $73.22 billion, a P/E ratio of 55.77 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. The stock has a 50 day moving average of $291.81 and a 200-day moving average of $288.34. Arthur J. Gallagher & Co. has a 52 week low of $227.43 and a 52 week high of $316.72.

About Arthur J. Gallagher & Co.

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.