Mitsubishi UFJ Asset Management Co. Ltd. Has $782.35 Million Stake in Arthur J. Gallagher & Co. $AJG

Mitsubishi UFJ Asset Management Co. Ltd. cut its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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. owned 1.19% of Arthur J. Gallagher & Co. worth $782,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AJG. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Arthur J. Gallagher & Co. by 1.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,127 shares of the financial services provider’s stock valued at $9,091,000 after acquiring an additional 444 shares in the last quarter. Cerro Pacific Wealth Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 6.5% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,157 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 71 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 5.4% during the fourth quarter. QRG Capital Management Inc. now owns 5,323 shares of the financial services provider’s stock valued at $1,377,000 after purchasing an additional 272 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its position in shares of Arthur J. Gallagher & Co. by 14.5% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 57,550 shares of the financial services provider’s stock valued at $14,893,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Sun Financial Inc purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $597,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

AJG has been the subject of several analyst reports. Jefferies Financial Group decreased their price objective on shares of Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating for the company in a research note on Monday, February 2nd. Piper Sandler cut their price objective on Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday. Royal Bank Of Canada started coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They set an “outperform” rating and a $260.00 target price for the company. Cantor Fitzgerald reissued a “neutral” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, January 30th. Finally, BMO Capital Markets upgraded shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their price target for the company from $275.00 to $278.00 in a research report on Tuesday, March 24th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $271.82.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $205.99 on Wednesday. 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 fifty day simple moving average of $217.03 and a two-hundred day simple moving average of $238.89. Arthur J. Gallagher & Co. has a 1-year low of $195.00 and a 1-year high of $351.23. The firm has a market cap of $52.96 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, beating 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 firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the prior year, the firm earned $3.67 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Analysts anticipate that Arthur J. Gallagher & Co. will post 13.22 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

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

Insider Activity at Arthur J. Gallagher & Co.

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

About Arthur J. Gallagher & Co.

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.