Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,669 shares of the financial services provider's stock after purchasing an additional 1,885 shares during the quarter. Arthur J. Gallagher & Co. comprises about 1.6% of Baldwin Wealth Partners LLC MA's investment portfolio, making the stock its 16th biggest position. Baldwin Wealth Partners LLC MA's holdings in Arthur J. Gallagher & Co. were worth $22,614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 231.2% in the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider's stock valued at $249,237,000 after acquiring an additional 618,362 shares during the last quarter. FMR LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 4.9% in the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider's stock valued at $3,462,392,000 after purchasing an additional 580,134 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Arthur J. Gallagher & Co. by 6,581.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider's stock valued at $124,174,000 after purchasing an additional 430,917 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Arthur J. Gallagher & Co. by 13.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider's stock valued at $899,538,000 after buying an additional 383,130 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in Arthur J. Gallagher & Co. by 431.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 323,880 shares of the financial services provider's stock valued at $91,130,000 after acquiring an additional 262,987 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AJG shares. Jefferies Financial Group raised their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an "underperform" rating to a "market perform" rating and dropped their target price for the company from $292.00 to $286.00 in a research report on Friday, January 10th. BMO Capital Markets increased 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. Barclays upped their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Finally, Bank of America lifted their target price on 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of "Hold" and an average price target of $304.07.

Arthur J. Gallagher & Co. Stock Up 2.2 %

Shares of NYSE:AJG traded up $6.36 during trading hours on Monday, hitting $295.87. The company's stock had a trading volume of 1,630,321 shares, compared to its average volume of 1,974,614. The firm's fifty day moving average price is $291.74 and its 200 day moving average price is $288.00. Arthur J. Gallagher & Co. has a 52 week low of $227.43 and a 52 week high of $316.72. The company has a market capitalization of $73.91 billion, a price-to-earnings ratio of 56.36 and a beta of 0.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting analysts' consensus estimates of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the business earned $2.00 earnings per share. Arthur J. Gallagher & Co.'s revenue was up 12.8% on a year-over-year basis. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 10.05 EPS for the current year.

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.