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

VCI Wealth Management LLC boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,810 shares of the financial services provider's stock after acquiring an additional 1,200 shares during the quarter. Arthur J. Gallagher & Co. accounts for 0.9% of VCI Wealth Management LLC's portfolio, making the stock its 27th biggest holding. VCI Wealth Management LLC's holdings in Arthur J. Gallagher & Co. were worth $2,217,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in Arthur J. Gallagher & Co. in the second quarter worth about $26,000. Pin Oak Investment Advisors Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 543.8% during the third 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 purchased a new position in Arthur J. Gallagher & Co. during the second quarter valued at approximately $29,000. Rakuten Securities Inc. raised its position in shares of Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider's stock worth $29,000 after acquiring an additional 87 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $35,000. Institutional investors own 85.53% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on AJG shares. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Bank of America raised 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. Keefe, Bruyette & Woods raised shares of Arthur J. Gallagher & Co. from an "underperform" rating to a "market perform" rating and decreased their price objective for the company from $292.00 to $286.00 in a research report on Friday, January 10th. BMO Capital Markets boosted their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group lifted their price objective on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and an average target price of $304.07.

Arthur J. Gallagher & Co. Stock Down 0.8 %

NYSE AJG traded down $2.41 during trading hours 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 company has a market capitalization of $73.34 billion, a price-to-earnings ratio of 55.92 and a beta of 0.76. The firm's 50 day moving average is $291.79 and its 200 day moving average is $288.18. 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. has a fifty-two week low of $227.43 and a fifty-two 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.