Mitsubishi UFJ Trust & Banking Corp Sells 16,797 Shares of Arthur J. Gallagher & Co. $AJG

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,179 shares of the financial services provider’s stock after selling 16,797 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Arthur J. Gallagher & Co. were worth $37,571,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AJG. CX Institutional increased its stake in shares of Arthur J. Gallagher & Co. by 2.1% in the 3rd quarter. CX Institutional now owns 1,782 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 36 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Arthur J. Gallagher & Co. by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 2,930 shares of the financial services provider’s stock valued at $908,000 after purchasing an additional 38 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Arthur J. Gallagher & Co. by 1.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,958 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 38 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Arthur J. Gallagher & Co. by 1.4% in the 3rd quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 41 shares during the last quarter. Finally, AMG National Trust Bank increased its stake in shares of Arthur J. Gallagher & Co. by 2.7% in the 3rd quarter. AMG National Trust Bank now owns 1,616 shares of the financial services provider’s stock valued at $501,000 after purchasing an additional 42 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AJG. Barclays lifted their price target on Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Truist Financial decreased their price target on Arthur J. Gallagher & Co. from $271.00 to $235.00 and set a “hold” rating on the stock in a research note on Wednesday, March 18th. Wells Fargo & Company decreased their price target on 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 Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Citigroup raised their price objective on Arthur J. Gallagher & Co. from $277.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.94.

Arthur J. Gallagher & Co. Trading Down 0.8%

NYSE AJG opened at $213.32 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a twelve month low of $195.00 and a twelve month high of $351.23. The company has a market cap of $54.85 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68. The business’s fifty day moving average is $217.54 and its 200 day moving average is $240.82.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.Arthur J. Gallagher & Co.’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 13.19 EPS for the current fiscal year.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 4,000 shares of the firm’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 transaction, the vice president directly owned 19,306 shares of the company’s stock, valued at $4,384,778.72. This trade represents a 17.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott R. Hudson sold 3,800 shares of the firm’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 transaction, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. This represents 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 company insiders.

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.