Kavar Capital Partners Group LLC Invests $224,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

Kavar Capital Partners Group LLC bought a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 789 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other large investors have also recently bought and sold shares of AJG. Kathmere Capital Management LLC acquired a new position in Arthur J. Gallagher & Co. during the second quarter worth $299,000. Ascent Group LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 6.7% during the 2nd quarter. Ascent Group LLC now owns 11,175 shares of the financial services provider’s stock worth $2,898,000 after buying an additional 699 shares during the last quarter. Creative Planning grew its holdings in shares of 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 in the last quarter. NewEdge Advisors LLC increased its position in shares of Arthur J. Gallagher & Co. by 1.8% in the second quarter. NewEdge Advisors LLC now owns 187,296 shares of the financial services provider’s stock valued at $48,567,000 after acquiring an additional 3,317 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Arthur J. Gallagher & Co. by 7.5% during 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 last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the subject of several analyst reports. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their target price for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Barclays lifted their price objective 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. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Jefferies Financial Group lifted their price target on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $304.07.

Arthur J. Gallagher & Co. Price Performance

AJG stock opened at $289.71 on Monday. The company’s 50-day moving average price is $291.74 and its two-hundred day moving average price is $287.86. Arthur J. Gallagher & Co. has a 12 month low of $227.08 and a 12 month high of $316.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm has a market cap of $72.37 billion, a P/E ratio of 55.18 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the company posted $2.00 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 earnings per share for the current fiscal year.

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.