Mount Yale Investment Advisors LLC Decreases Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Mount Yale Investment Advisors LLC trimmed its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 17.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,450 shares of the financial services provider’s stock after selling 302 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in Arthur J. Gallagher & Co. in the 2nd quarter valued at $26,000. Pin Oak Investment Advisors Inc. raised its position in Arthur J. Gallagher & Co. by 543.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares in the last quarter. Quarry LP acquired a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at about $29,000. Rakuten Securities Inc. grew its position in Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after buying an additional 87 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AJG. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. BMO Capital Markets lifted 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. Bank of America increased their price target on shares of 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. Jefferies Financial Group lifted their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $304.07.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $293.59 on Wednesday. Arthur J. Gallagher & Co. has a 1 year low of $227.43 and a 1 year high of $316.72. The firm has a 50 day moving average price of $291.79 and a 200 day moving average price of $288.18. The company has a market cap of $73.34 billion, a price-to-earnings ratio of 55.92 and a beta of 0.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

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.