Hutchens & Kramer Investment Management Group LLC Invests $237,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 835 shares of the financial services provider’s stock, valued at approximately $237,000.

A number of other hedge funds also recently made changes to their positions in AJG. Strategic Investment Solutions Inc. IL bought a new stake in Arthur J. Gallagher & Co. in the second quarter worth approximately $26,000. Rakuten Securities Inc. increased its holdings in Arthur J. Gallagher & Co. by 580.0% in the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its holdings 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 purchasing an additional 87 shares in the last quarter. Quarry LP bought a new stake in Arthur J. Gallagher & Co. in the second quarter worth approximately $29,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth approximately $35,000. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AJG shares. BMO Capital Markets lifted their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company raised their price objective on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Bank of America raised their price objective on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $292.00 to $286.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $304.07.

Arthur J. Gallagher & Co. Stock Up 2.2 %

Shares of NYSE:AJG opened at $295.87 on Tuesday. The stock has a market cap of $73.91 billion, a price-to-earnings ratio of 56.36 and a beta of 0.76. 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 12-month low of $227.43 and a 12-month high of $316.72. The business’s 50 day moving average is $291.74 and its 200 day moving average is $288.00.

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.