Lebenthal Global Advisors LLC Buys 483 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Lebenthal Global Advisors LLC grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,099 shares of the financial services provider’s stock after buying an additional 483 shares during the period. Lebenthal Global Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AJG. Strategic Investment Solutions Inc. IL acquired a new position in Arthur J. Gallagher & Co. during the second quarter valued at approximately $26,000. Rakuten Securities Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in shares of 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 valued at $28,000 after buying an additional 87 shares during the period. Quarry LP bought a new stake in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at $29,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth $35,000. 85.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AJG has been the subject of several recent analyst reports. Bank of America increased their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $295.00 to $377.00 in a report on Friday, January 10th. BMO Capital Markets upped their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods raised shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and reduced their target price for the stock from $292.00 to $286.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $304.07.

Arthur J. Gallagher & Co. Trading Up 2.2 %

Shares of Arthur J. Gallagher & Co. stock opened at $295.87 on Tuesday. Arthur J. Gallagher & Co. has a 12-month low of $227.43 and a 12-month high of $316.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $291.74 and its 200-day moving average is $288.00. The stock has a market cap of $73.91 billion, a P/E ratio of 56.36 and a beta of 0.76.

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.