Mitsubishi UFJ Asset Management Co. Ltd. Sells 51,321 Shares of Arthur J. Gallagher & Co. $AJG

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,056,069 shares of the financial services provider’s stock after selling 51,321 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Arthur J. Gallagher & Co. were worth $782,354,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its holdings in Arthur J. Gallagher & Co. by 870.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 87 shares during the period. Rakuten Securities Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares during the period. Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. in the third quarter worth $39,000. Westside Investment Management Inc. raised its position in shares of Arthur J. Gallagher & Co. by 100.0% in the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after buying an additional 68 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Arthur J. Gallagher & Co. by 668.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the transaction, the vice president owned 85,920 shares in the company, valued at $19,552,814.40. This trade represents a 4.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the sale, the vice president directly owned 19,306 shares of the company’s stock, valued at $4,384,778.72. This represents a 17.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $205.99 on Wednesday. The stock has a 50-day moving average price of $217.03 and a 200-day moving average price of $238.89. Arthur J. Gallagher & Co. has a 12-month low of $195.00 and a 12-month high of $351.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $52.96 billion, a P/E ratio of 33.33, a PEG ratio of 1.03 and a beta of 0.54.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.Arthur J. Gallagher & Co.’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the firm posted $3.67 EPS. Equities analysts predict that Arthur J. Gallagher & Co. will post 13.22 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.4%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.31%.

Analyst Ratings Changes

A number of equities analysts have weighed in on AJG shares. Jefferies Financial Group decreased their target price on Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Wells Fargo & Company cut their price objective on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Royal Bank Of Canada initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 price objective on the stock. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, BMO Capital Markets raised shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $275.00 to $278.00 in a research note on Tuesday, March 24th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $271.82.

Check Out Our Latest Research Report on AJG

Arthur J. Gallagher & Co. Company Profile

(Free Report)

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.

See Also

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

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