Hantz Financial Services Inc. Sells 1,538 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Hantz Financial Services Inc. lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 3.0% in the 4th quarter, Holdings Channel reports. The fund owned 50,418 shares of the financial services provider’s stock after selling 1,538 shares during the quarter. Hantz Financial Services Inc.’s holdings in Arthur J. Gallagher & Co. were worth $14,311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in Arthur J. Gallagher & Co. during the second quarter valued at $26,000. Pin Oak Investment Advisors Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares in the last quarter. Quarry LP purchased a new position in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $29,000. Rakuten Securities Inc. boosted its stake in 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 worth $29,000 after acquiring an additional 87 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $293.59 on Wednesday. The stock has a market capitalization of $73.34 billion, a price-to-earnings ratio of 55.92 and a beta of 0.76. 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 business’s fifty day moving average price is $291.81 and its 200-day moving average price is $288.34.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays boosted their price target on 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. Wells Fargo & Company increased their target price on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods raised Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and lowered their price target for the stock from $292.00 to $286.00 in a research report on Friday, January 10th. Jefferies Financial Group increased their price objective on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.