Tokio Marine Asset Management Co. Ltd. Raises Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 12.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,268 shares of the financial services provider’s stock after purchasing an additional 709 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Arthur J. Gallagher & Co. were worth $1,764,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new position in Arthur J. Gallagher & Co. during the second quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 87 shares during the period. Creekmur Asset Management LLC acquired a new stake in Arthur J. Gallagher & Co. during the first quarter valued at $27,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in Arthur J. Gallagher & Co. by 89.7% in the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

AJG has been the topic of a number of analyst reports. BMO Capital Markets raised their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group upped their target price on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Jefferies Financial Group lifted their price target on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Bank Of America (Bofa) upped their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada boosted their target price on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $289.14.

Insider Buying and Selling

In other news, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total value of $1,992,760.00. Following the completion of the transaction, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,625,146.84. This represents a 8.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,211,438. This trade represents a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,900 shares of company stock worth $6,892,280. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 1.2 %

Shares of NYSE AJG opened at $294.63 on Friday. Arthur J. Gallagher & Co. has a 1 year low of $218.63 and a 1 year high of $301.04. The company has a market capitalization of $64.64 billion, a P/E ratio of 56.12, a P/E/G ratio of 2.51 and a beta of 0.72. The company has a 50 day simple moving average of $288.50 and a 200-day simple moving average of $274.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts’ consensus estimates of $2.26. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the business posted $2.00 EPS. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.71%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.