KBC Group NV Has $45.24 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

KBC Group NV trimmed its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,378 shares of the financial services provider's stock after selling 38,990 shares during the quarter. KBC Group NV owned about 0.06% of Arthur J. Gallagher & Co. worth $45,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AJG. FMR LLC grew 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 worth $3,462,392,000 after purchasing an additional 580,134 shares during the last quarter. State Street Corp grew its stake in shares of Arthur J. Gallagher & Co. by 0.5% in the 3rd quarter. State Street Corp now owns 8,932,007 shares of the financial services provider's stock worth $2,513,199,000 after purchasing an additional 47,656 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Arthur J. Gallagher & Co. by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider's stock worth $1,541,044,000 after purchasing an additional 79,429 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Arthur J. Gallagher & Co. by 13.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider's stock worth $899,538,000 after purchasing an additional 383,130 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Arthur J. Gallagher & Co. by 2.4% in the third quarter. Janus Henderson Group PLC now owns 1,330,703 shares of the financial services provider's stock worth $374,408,000 after acquiring an additional 31,181 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AJG shares. Wells Fargo & Company lifted their target price on shares of 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 raised shares of Arthur J. Gallagher & Co. from an "underperform" rating to a "market perform" rating and lowered their price objective for the company from $292.00 to $286.00 in a research report on Friday, January 10th. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price objective on the stock. in a research report on Monday, November 25th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and boosted their price objective for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Finally, Jefferies Financial Group boosted their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $304.07.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded down $2.41 during trading hours on Tuesday, hitting $293.59. 1,781,710 shares of the company traded hands, compared to its average volume of 1,963,265. The stock has a market capitalization of $73.34 billion, a price-to-earnings ratio of 55.92 and a beta of 0.76. Arthur J. Gallagher & Co. has a twelve month low of $227.43 and a twelve month high of $316.72. The firm has a 50-day moving average of $291.79 and a 200 day moving average of $288.18. 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. 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.