Arthur J Gallagher & Co (AJG) Stake Boosted by MUFG Securities EMEA plc
MUFG Securities EMEA plc grew its position in shares of Arthur J Gallagher & Co (NYSE:AJG) by 378.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,700 shares of the financial services provider’s stock after acquiring an additional 18,749 shares during the period. MUFG Securities EMEA plc’s holdings in Arthur J Gallagher & Co were worth $1,747,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Destination Wealth Management raised its stake in Arthur J Gallagher & Co by 308.2% in the fourth quarter. Destination Wealth Management now owns 396 shares of the financial services provider’s stock worth $29,000 after buying an additional 299 shares in the last quarter. Lindbrook Capital LLC bought a new position in Arthur J Gallagher & Co in the fourth quarter worth about $47,000. Synovus Financial Corp raised its stake in Arthur J Gallagher & Co by 32.2% in the fourth quarter. Synovus Financial Corp now owns 863 shares of the financial services provider’s stock worth $63,000 after buying an additional 210 shares in the last quarter. Tributary Capital Management LLC bought a new position in Arthur J Gallagher & Co in the fourth quarter worth about $77,000. Finally, Doyle Wealth Management bought a new position in Arthur J Gallagher & Co in the fourth quarter worth about $103,000. 82.31% of the stock is owned by hedge funds and other institutional investors.
In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 13,800 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $80.00, for a total transaction of $1,104,000.00. Following the completion of the transaction, the general counsel now owns 26,084 shares of the company’s stock, valued at $2,086,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Joseph Gallagher bought 4,000 shares of the firm’s stock in a transaction on Wednesday, December 19th. The shares were acquired at an average cost of $73.20 per share, with a total value of $292,800.00. Following the purchase, the vice president now directly owns 176,958 shares of the company’s stock, valued at approximately $12,953,325.60. The disclosure for this purchase can be found here. Insiders have sold 43,700 shares of company stock valued at $3,470,046 in the last ninety days. Insiders own 1.60% of the company’s stock.
Shares of NYSE AJG opened at $80.28 on Friday. Arthur J Gallagher & Co has a fifty-two week low of $64.54 and a fifty-two week high of $81.09. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68.
Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, January 31st. The financial services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. Arthur J Gallagher & Co had a net margin of 9.14% and a return on equity of 14.03%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, sell-side analysts anticipate that Arthur J Gallagher & Co will post 3.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.43 per share. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.14%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is currently 49.86%.
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About Arthur J Gallagher & Co
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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