Barclays Reduces $9M in Arthur J. Gallagher & Co. ($AJG)
Key Points
- Barclays changed its Arthur J. Gallagher & Co. ($AJG) stake by 5.9% last quarter, cutting to 634,333 shares worth $140.15 million.
- Wall Street's consensus rating on $AJG is Buy and an average price target of $264.11.
- $AJG last traded around $220.94.
Barclays trimmed its position in Arthur J. Gallagher & Co. ($AJG) by 5.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 634,333 shares of Arthur J. Gallagher & Co. after selling 39,952 shares during the quarter. Barclays's holdings in Arthur J. Gallagher & Co. were worth $140.15 million as of its most recent filing.
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About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. The company operates in Brokerage and Risk Management segments. Its Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises. This segment performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers services in the areas of insurance and reinsurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment provides contract claim settlement and administration services; and claims management, loss control consulting, and insurance property appraisal services. The company offers its services through a network of correspondent brokers and consultants. It serves commercial, industrial, public, religious, and nonprofit entities, as well as underwriting enterprises. The company was founded in 1927 and is headquartered in Rolling Meadows, Illinois.
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