Baldwin Wealth Partners LLC MA Purchases 1,885 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Baldwin Wealth Partners LLC MA grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 79,669 shares of the financial services provider’s stock after acquiring an additional 1,885 shares during the period. Arthur J. Gallagher & Co. accounts for approximately 1.6% of Baldwin Wealth Partners LLC MA’s holdings, making the stock its 16th largest holding. Baldwin Wealth Partners LLC MA’s holdings in Arthur J. Gallagher & Co. were worth $22,614,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Parsons Capital Management Inc. RI increased its position in shares of Arthur J. Gallagher & Co. by 16.0% during the 4th quarter. Parsons Capital Management Inc. RI now owns 5,082 shares of the financial services provider’s stock valued at $1,443,000 after purchasing an additional 700 shares during the last quarter. Kavar Capital Partners Group LLC purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at about $224,000. Blue Trust Inc. boosted its holdings in Arthur J. Gallagher & Co. by 25.6% during the 4th quarter. Blue Trust Inc. now owns 2,568 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 523 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at about $35,000. Finally, Clarendon Private LLC purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at about $474,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Trading Up 0.6 %

Shares of NYSE AJG opened at $291.11 on Monday. The business’s 50 day moving average is $291.74 and its two-hundred day moving average is $288.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a 1-year low of $227.43 and a 1-year high of $316.72. The stock has a market capitalization of $72.72 billion, a P/E ratio of 55.45 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its 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. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 EPS. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 10.05 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AJG. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their target price for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Bank of America raised their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a research report on Monday, November 25th. Finally, BMO Capital Markets boosted their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently 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.