HighTower Advisors LLC increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 14.5% during the third quarter, acquiring an additional 8,401 shares, bringing its total ownership to 66,340 shares valued at approximately $20.57 million. Despite this institutional buying, analysts hold a “Hold” consensus rating with an average price target of $284.12, reflecting tempered expectations after several firms recently lowered their targets. The company reported better-than-expected Q3 EPS of $2.38, though revenue slightly missed estimates, and it announced an increased quarterly dividend of $0.70 per share.
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Arthur J. Gallagher & Co. $AJG Shares Bought by HighTower Advisors LLC
HighTower Advisors LLC increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 14.5% during the third quarter, acquiring an additional 8,401 shares, bringing its total ownership to 66,340 shares valued at approximately $20.57 million. Despite this institutional buying, analysts hold a “Hold” consensus rating with an average price target of $284.12, reflecting tempered expectations after several firms recently lowered their targets. The company reported better-than-expected Q3 EPS of $2.38, though revenue slightly missed estimates, and it announced an increased quarterly dividend of $0.70 per share.