Baldwin Wealth Partners LLC MA Has $22.61 Million Holdings in 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 fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,669 shares of the financial services provider’s stock after purchasing an additional 1,885 shares during the quarter. Arthur J. Gallagher & Co. makes up 1.6% of Baldwin Wealth Partners LLC MA’s holdings, making the stock its 16th biggest 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.

Other hedge funds have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Arthur J. Gallagher & Co. in the second quarter worth approximately $26,000. 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. Rakuten Securities Inc. increased its holdings in shares of 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 valued at $29,000 after acquiring an additional 87 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $35,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America boosted their price objective on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a research report on Monday, November 25th. Wells Fargo & Company boosted their price objective on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group boosted 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $304.07.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $291.11 on Monday. The firm has a market capitalization of $72.72 billion, a P/E ratio of 55.45 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. The stock’s 50-day simple moving average is $291.74 and its two-hundred day simple moving average is $288.00. Arthur J. Gallagher & Co. has a twelve month low of $227.43 and a twelve month high of $316.72.

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 for the quarter, hitting analysts’ consensus estimates of $2.26. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 EPS 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.