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

VCI Wealth Management LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 18.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,810 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the quarter. Arthur J. Gallagher & Co. accounts for approximately 0.9% of VCI Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding. VCI Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,217,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Arthur J. Gallagher & Co. by 21.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock worth $18,893,000 after acquiring an additional 11,752 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Arthur J. Gallagher & Co. by 15.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock worth $30,450,000 after acquiring an additional 14,860 shares during the period. Principal Financial Group Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 231.2% in the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after acquiring an additional 618,362 shares during the period. MML Investors Services LLC grew its position in Arthur J. Gallagher & Co. by 1.2% during the third quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock valued at $51,732,000 after buying an additional 2,092 shares during the period. Finally, Running Oak Capital LLC grew its position in Arthur J. Gallagher & Co. by 8.9% during the fourth quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock valued at $13,830,000 after buying an additional 3,983 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. BMO Capital Markets boosted their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Barclays boosted their target price on shares of 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. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods upgraded shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $292.00 to $286.00 in a research report on Friday, January 10th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $304.07.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $295.87 on Tuesday. The company has a market cap of $73.91 billion, a price-to-earnings ratio of 56.36 and a beta of 0.76. The firm’s fifty day moving average is $291.74 and its 200 day moving average is $288.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 52-week low of $227.43 and a 52-week high of $316.72.

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.