3,330 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Bought by BankPlus Wealth Management LLC

BankPlus Wealth Management LLC purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,330 shares of the financial services provider’s stock, valued at approximately $945,000. Arthur J. Gallagher & Co. accounts for about 0.7% of BankPlus Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning increased its position in shares of 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 valued at $14,811,000 after purchasing an additional 2,782 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Arthur J. Gallagher & Co. by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,421 shares of the financial services provider’s stock valued at $2,183,000 after buying an additional 586 shares during the period. Quarry LP acquired a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at $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, Newport Capital Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at about $15,376,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AJG shares. Bank of America increased their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their target price on 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. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and lowered their price target for the company from $292.00 to $286.00 in a research report on Friday, January 10th. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $304.07.

Arthur J. Gallagher & Co. Price Performance

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

Arthur J. Gallagher & Co. Company 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.