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

Hutchens & Kramer Investment Management Group LLC bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 835 shares of the financial services provider’s stock, valued at approximately $237,000.

Several other large investors also recently modified their holdings of AJG. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth $26,000. Pin Oak Investment Advisors Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 543.8% during the 3rd 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 acquired a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth $29,000. Rakuten Securities Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 580.0% during the 3rd 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. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at about $35,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $295.87 on Tuesday. Arthur J. Gallagher & Co. has a 1 year low of $227.43 and a 1 year high of $316.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $73.91 billion, a price-to-earnings ratio of 56.36 and a beta of 0.76. The business has a 50-day moving average of $291.74 and a 200-day moving average of $288.00.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. 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. 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. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Barclays raised their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $304.07.

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.