Arthur J. Gallagher & Co. $AJG Shares Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. lifted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 26.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,676 shares of the financial services provider’s stock after purchasing an additional 1,174 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,817,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AJG. AlphaQuest LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $33,000. Saudi Central Bank purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at $34,000. J.Safra Asset Management Corp increased its stake in shares of Arthur J. Gallagher & Co. by 209.1% during the second quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 69 shares in the last quarter. Motco lifted its stake in Arthur J. Gallagher & Co. by 700.0% in the 1st quarter. Motco now owns 112 shares of the financial services provider’s stock valued at $39,000 after buying an additional 98 shares in the last quarter. Finally, SouthState Corp purchased a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AJG. Barclays lowered Arthur J. Gallagher & Co. from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $328.00 to $250.00 in a research note on Thursday. Keefe, Bruyette & Woods lowered their target price on shares of Arthur J. Gallagher & Co. from $315.00 to $275.00 and set a “market perform” rating on the stock in a research note on Friday, October 31st. Evercore ISI decreased their price target on shares of Arthur J. Gallagher & Co. from $370.00 to $353.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Wall Street Zen cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $316.33.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the transaction, the vice president directly owned 85,920 shares in the company, valued at $25,569,792. This represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Robert Pesch acquired 4,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $247.12 per share, with a total value of $988,480.00. Following the completion of the purchase, the vice president directly owned 41,849 shares of the company’s stock, valued at approximately $10,341,724.88. This represents a 10.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 35,855 shares of company stock worth $10,482,928 in the last ninety days. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $251.29 on Friday. The firm has a market cap of $64.53 billion, a PE ratio of 35.69 and a beta of 0.71. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 52 week low of $239.47 and a 52 week high of $351.23. The business’s fifty day simple moving average is $280.38 and its 200-day simple moving average is $302.13.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.19). The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 earnings per share. Equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, December 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 38.86%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.