Arthur J Gallagher & Co (NYSE:AJG) Holdings Raised by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Arthur J Gallagher & Co (NYSE:AJG) by 15.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,717 shares of the financial services provider’s stock after buying an additional 4,381 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Arthur J Gallagher & Co were worth $3,118,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bridger Capital Management LLC purchased a new stake in Arthur J Gallagher & Co in the 3rd quarter worth approximately $52,000. Arlington Partners LLC lifted its position in Arthur J Gallagher & Co by 105.6% in the 4th quarter. Arlington Partners LLC now owns 584 shares of the financial services provider’s stock worth $56,000 after buying an additional 300 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of Arthur J Gallagher & Co during the 3rd quarter valued at $57,000. Hanson & Doremus Investment Management bought a new position in shares of Arthur J Gallagher & Co during the 4th quarter valued at $76,000. Finally, Synovus Financial Corp raised its holdings in shares of Arthur J Gallagher & Co by 17.5% during the 3rd quarter. Synovus Financial Corp now owns 1,020 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 84.50% of the company’s stock.

AJG has been the topic of a number of recent research reports. Credit Suisse Group raised their price target on shares of Arthur J Gallagher & Co from $104.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Barclays restated a “buy” rating and set a $113.00 price target on shares of Arthur J Gallagher & Co in a report on Tuesday, January 7th. Royal Bank of Canada set a $91.00 price target on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a report on Friday, October 25th. Morgan Stanley raised their price target on shares of Arthur J Gallagher & Co from $96.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Co restated a “buy” rating and set a $115.00 price target on shares of Arthur J Gallagher & Co in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Arthur J Gallagher & Co has a consensus rating of “Buy” and an average price target of $103.29.

In related news, insider Susan E. Pietrucha sold 3,433 shares of Arthur J Gallagher & Co stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $105.28, for a total value of $361,426.24. Following the transaction, the insider now owns 3,433 shares in the company, valued at approximately $361,426.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joel D. Cavaness sold 29,500 shares of Arthur J Gallagher & Co stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $93.75, for a total transaction of $2,765,625.00. Insiders have sold a total of 39,926 shares of company stock worth $3,776,078 in the last 90 days. 1.30% of the stock is owned by insiders.

Arthur J Gallagher & Co stock opened at $109.16 on Friday. The company has a market capitalization of $20.55 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.66 and a beta of 0.76. The firm’s fifty day simple moving average is $98.49 and its 200-day simple moving average is $92.57. The company has a current ratio of 1.02, a quick ratio of 1.05 and a debt-to-equity ratio of 0.73. Arthur J Gallagher & Co has a 1-year low of $76.65 and a 1-year high of $109.19.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.73 billion. Arthur J Gallagher & Co had a net margin of 9.34% and a return on equity of 14.28%. Arthur J Gallagher & Co’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. On average, equities research analysts predict that Arthur J Gallagher & Co will post 4.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, March 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.43. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is currently 47.12%.

Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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Institutional Ownership by Quarter for Arthur J Gallagher & Co (NYSE:AJG)

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