Janney Montgomery Scott LLC Has $8.53 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Janney Montgomery Scott LLC trimmed its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 30,045 shares of the financial services provider’s stock after selling 292 shares during the period. Janney Montgomery Scott LLC’s holdings in Arthur J. Gallagher & Co. were worth $8,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AJG. Creative Planning increased its position in Arthur J. Gallagher & Co. by 5.1% in the 2nd quarter. Creative Planning now owns 57,116 shares of the financial services provider’s stock valued at $14,811,000 after acquiring an additional 2,782 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Arthur J. Gallagher & Co. by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,421 shares of the financial services provider’s stock valued at $2,183,000 after purchasing an additional 586 shares during the period. Quarry LP acquired a new position in Arthur J. Gallagher & Co. during the 2nd quarter worth about $29,000. Regal Investment Advisors LLC grew its position in shares of Arthur J. Gallagher & Co. by 11.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,405 shares of the financial services provider’s stock valued at $364,000 after buying an additional 143 shares during the last quarter. Finally, Newport Capital Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at about $15,376,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 2.2 %

Arthur J. Gallagher & Co. stock opened at $295.87 on Tuesday. The firm has a 50 day moving average price of $291.74 and a 200-day moving average price of $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 twelve month low of $227.43 and a twelve month high of $316.72. The company has a market capitalization of $73.91 billion, a P/E ratio of 56.36 and a beta of 0.76.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets upped their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Bank of America lifted their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two 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. Based on data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus price target of $304.07.

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.