Invesco LLC Buys 59 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Invesco LLC boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.3% during the 4th quarter, HoldingsChannel reports. The fund owned 1,859 shares of the financial services provider’s stock after buying an additional 59 shares during the quarter. Invesco LLC’s holdings in Arthur J. Gallagher & Co. were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Arthur J. Gallagher & Co. by 21.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock worth $18,893,000 after purchasing an additional 11,752 shares during the period. DekaBank Deutsche Girozentrale raised its position in Arthur J. Gallagher & Co. by 15.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock worth $30,450,000 after purchasing an additional 14,860 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Arthur J. Gallagher & Co. by 231.2% during the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock valued at $249,237,000 after purchasing an additional 618,362 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Arthur J. Gallagher & Co. by 1.2% in the 3rd quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock valued at $51,732,000 after purchasing an additional 2,092 shares during the period. Finally, Running Oak Capital LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock worth $13,830,000 after buying an additional 3,983 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group upped their price target on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. 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. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price target for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and decreased their target price for the stock from $292.00 to $286.00 in a report on Friday, January 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Stock Down 0.1 %

Shares of Arthur J. Gallagher & Co. stock traded down $0.37 during trading on Wednesday, reaching $293.04. The stock had a trading volume of 74,064 shares, compared to its average volume of 1,856,231. 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 company has a market capitalization of $73.20 billion, a price-to-earnings ratio of 55.86 and a beta of 0.76. The stock has a fifty day moving average price of $291.81 and a two-hundred day moving average price of $288.34. Arthur J. Gallagher & Co. has a 52 week low of $227.43 and a 52 week high of $316.72.

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.