Hantz Financial Services Inc. Reduces Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Hantz Financial Services Inc. cut its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,418 shares of the financial services provider’s stock after selling 1,538 shares during the period. Hantz Financial Services Inc.’s holdings in Arthur J. Gallagher & Co. were worth $14,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its stake in 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 in the last quarter. State Street Corp grew its holdings in shares of Arthur J. Gallagher & Co. by 0.5% during the third 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 in the last quarter. Geode Capital Management LLC raised its stake in Arthur J. Gallagher & Co. by 1.5% in the third quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider’s stock valued at $1,541,044,000 after purchasing an additional 79,429 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 worth $899,538,000 after acquiring an additional 383,130 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in 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 valued at $374,408,000 after acquiring an additional 31,181 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price target 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. Bank of America increased their target price on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, Barclays boosted 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 note on Thursday, November 21st. Two investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Trading Down 0.8 %

AJG opened at $293.59 on Wednesday. Arthur J. Gallagher & Co. has a one year low of $227.43 and a one year high of $316.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $291.81 and a two-hundred day simple moving average of $288.34. The firm 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. 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.