KBC Group NV Sells 38,990 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

KBC Group NV trimmed its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,378 shares of the financial services provider’s stock after selling 38,990 shares during the period. KBC Group NV owned approximately 0.06% of Arthur J. Gallagher & Co. worth $45,240,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AJG. Strategic Investment Solutions Inc. IL bought a new position in Arthur J. Gallagher & Co. in the second quarter worth $26,000. Rakuten Securities Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after buying an additional 87 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its position 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 valued at $28,000 after acquiring an additional 87 shares in the last quarter. Quarry LP bought a new stake in Arthur J. Gallagher & Co. in the second quarter valued at about $29,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter worth about $35,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 2.2 %

NYSE:AJG opened at $295.87 on Tuesday. The company 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 debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average price is $291.74 and its two-hundred day moving average price is $288.00. Arthur J. Gallagher & Co. has a 52-week low of $227.43 and a 52-week high of $316.72.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AJG. The Goldman Sachs Group lowered 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 note on Monday, November 25th. Jefferies Financial Group increased their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Bank of America boosted their target price on shares of 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. Barclays increased their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upgraded shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $292.00 to $286.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Company 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.