BankPlus Wealth Management LLC Takes Position in Arthur J. Gallagher & Co. (NYSE:AJG)

BankPlus Wealth Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,330 shares of the financial services provider's stock, valued at approximately $945,000. Arthur J. Gallagher & Co. comprises 0.7% of BankPlus Wealth Management LLC's investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors have also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL bought a new position in Arthur J. Gallagher & Co. during the second quarter valued at about $26,000. Rakuten Securities Inc. raised 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 valued at $29,000 after buying an additional 87 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock worth $28,000 after purchasing an additional 87 shares in the last quarter. Quarry LP acquired a new stake in Arthur J. Gallagher & Co. during the second quarter worth $29,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Cowen upgraded 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 research report on Friday, January 10th. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and upped their target price for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Barclays lifted their price target 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. Wells Fargo & Company lifted their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an "underperform" rating to a "market perform" rating and lowered their price target for the stock from $292.00 to $286.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $304.07.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG traded down $2.41 on Tuesday, hitting $293.59. The company had a trading volume of 1,781,710 shares, compared to its average volume of 1,963,265. The stock has a market cap of $73.34 billion, a price-to-earnings ratio of 55.92 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. Arthur J. Gallagher & Co. has a 1-year low of $227.43 and a 1-year high of $316.72. The stock has a 50 day moving average price of $291.79 and a 200 day moving average price of $288.18.

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.