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

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Arthur J. Gallagher & Co. by 10.4%, selling 16,797 shares and leaving it with 145,179 shares worth about $37.6 million (0.06% of the company) at quarter-end.
• Analysts remain broadly positive with an average rating of "Moderate Buy" and a mean target price of $273.94, despite several firms recently trimming their price targets; ten analysts rate the stock Buy and nine rate it Hold.
• Arthur J. Gallagher recently reported Q results with EPS of $2.38 (beating estimates by $0.03) and revenue of $3.57 billion (slightly below estimates), while the stock trades near $213 with a market cap of $54.85 billion and a 52-week range of $195–$351.23.

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,179 shares of the financial services provider's stock after selling 16,797 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Arthur J. Gallagher & Co. worth $37,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AJG. CX Institutional increased its holdings in shares of Arthur J. Gallagher & Co. by 2.1% during the 3rd quarter. CX Institutional now owns 1,782 shares of the financial services provider's stock worth $552,000 after acquiring an additional 36 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Arthur J. Gallagher & Co. by 1.3% during the 3rd quarter. D.A. Davidson & CO. now owns 2,930 shares of the financial services provider's stock worth $908,000 after acquiring an additional 38 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Arthur J. Gallagher & Co. by 1.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,958 shares of the financial services provider's stock worth $1,226,000 after acquiring an additional 38 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Arthur J. Gallagher & Co. by 1.4% during the 3rd quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider's stock worth $949,000 after acquiring an additional 41 shares during the last quarter. Finally, AMG National Trust Bank increased its holdings in shares of Arthur J. Gallagher & Co. by 2.7% during the 3rd quarter. AMG National Trust Bank now owns 1,616 shares of the financial services provider's stock worth $501,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

AJG has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. Mizuho decreased their target price on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an "outperform" rating on the stock in a report on Monday, April 13th. Jefferies Financial Group decreased their target price on Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a "hold" rating on the stock in a report on Monday, February 2nd. Truist Financial decreased their target price on Arthur J. Gallagher & Co. from $271.00 to $235.00 and set a "hold" rating on the stock in a report on Wednesday, March 18th. Finally, Keefe, Bruyette & Woods decreased their target price on Arthur J. Gallagher & Co. from $249.00 to $246.00 and set a "market perform" rating on the stock in a report on Tuesday, April 7th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $273.94.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $213.32 on Wednesday. The business has a fifty day simple moving average of $217.54 and a 200 day simple moving average of $240.82. The company has a market capitalization of $54.85 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68. Arthur J. Gallagher & Co. has a 1 year low of $195.00 and a 1 year high of $351.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its earnings results on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The business's revenue was up 33.9% compared to the same quarter last year. Research analysts expect that Arthur J. Gallagher & Co. will post 13.19 EPS for the current year.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, March 5th. The stock was 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 of the company's stock, valued at $4,384,778.72. The trade was a 17.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the transaction, the vice president directly owned 85,920 shares of the company's stock, valued at $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. Corporate insiders own 1.40% of the company's stock.

Arthur J. Gallagher & Co. Profile

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.

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