McKinley Carter Wealth Services Inc. Has $8.87 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

McKinley Carter Wealth Services Inc. grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,241 shares of the financial services provider’s stock after buying an additional 452 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Arthur J. Gallagher & Co. were worth $8,868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in Arthur J. Gallagher & Co. during the 2nd quarter worth about $26,000. Pin Oak Investment Advisors Inc. grew 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 worth $28,000 after buying an additional 87 shares during the period. Quarry LP bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth approximately $29,000. Rakuten Securities Inc. lifted its holdings in Arthur J. Gallagher & Co. by 580.0% in the third 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 during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $35,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $293.59 on Wednesday. The company has a fifty day moving average price of $291.81 and a 200 day moving average price of $288.34. The firm has a market cap of $73.34 billion, a PE ratio of 55.92 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 1-year low of $227.43 and a 1-year high of $316.72.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and cut their price target for the company from $292.00 to $286.00 in a research note on Friday, January 10th. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the stock 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 upped their price target for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Barclays lifted their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group increased their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.