Resona Asset Management Co. Ltd. Has $23.69 Million Holdings in Arthur J. Gallagher & Co. $AJG

Resona Asset Management Co. Ltd. reduced its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 8.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 91,323 shares of the financial services provider’s stock after selling 8,628 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Arthur J. Gallagher & Co. were worth $23,694,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AJG. Physician Wealth Advisors Inc. boosted its position in Arthur J. Gallagher & Co. by 870.0% in the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after buying an additional 91 shares in the last quarter. Financial Life Planners purchased a new stake in Arthur J. Gallagher & Co. during the 3rd quarter worth about $39,000. Westside Investment Management Inc. lifted its holdings in Arthur J. Gallagher & Co. by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 68 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Arthur J. Gallagher & Co. by 668.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Activity

In related news, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the transaction, the vice president owned 19,306 shares in the company, valued at $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott R. Hudson sold 3,800 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the sale, the vice president directly owned 85,920 shares in the company, valued at approximately $19,552,814.40. The trade was a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $203.69 on Wednesday. The stock has a market cap of $52.33 billion, a PE ratio of 32.96, a PEG ratio of 1.05 and a beta of 0.54. The company’s fifty day moving average is $212.11 and its 200 day moving average is $233.39. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $351.23. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51.

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

Arthur J. Gallagher & Co. Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets raised Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $275.00 to $278.00 in a report on Tuesday, March 24th. Wells Fargo & Company lowered their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. UBS Group lowered their target price on shares of Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $268.00.

Check Out Our Latest Analysis on Arthur J. Gallagher & Co.

About Arthur J. Gallagher & Co.

(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.

Further Reading

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

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