Arthur J. Gallagher & Co. $AJG is Lawson Kroeker Investment Management Inc. NE's 4th Largest Position

Key Points

• Lawson Kroeker Investment Management Inc. NE owns 66,293 shares of Arthur J. Gallagher & Co., making it the 4th largest position in their portfolio, despite a recent 2.9% reduction in holdings.
• Recent insider trading showed CFO Douglas K. Howell and VP Scott R. Hudson sold substantial shares, indicating a decrease in their positions by 7.35% and 13.01%, respectively.
• Arthur J. Gallagher & Co. reported earnings per share of $2.33 for the last quarter, falling short of analyst expectations, while the company declared a quarterly dividend of $0.65.

Lawson Kroeker Investment Management Inc. NE lessened its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,293 shares of the financial services provider's stock after selling 1,965 shares during the period. Arthur J. Gallagher & Co. accounts for approximately 3.9% of Lawson Kroeker Investment Management Inc. NE's holdings, making the stock its 4th biggest position. Lawson Kroeker Investment Management Inc. NE's holdings in Arthur J. Gallagher & Co. were worth $21,222,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AJG. HWG Holdings LP purchased a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $25,000. AlphaQuest LLC purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at $33,000. Saudi Central Bank bought a new stake in Arthur J. Gallagher & Co. in the first quarter worth $34,000. Centennial Bank AR purchased a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth $38,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 2,750.0% during the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 110 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

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

In related news, CFO Douglas K. Howell sold 8,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the transaction, the chief financial officer owned 100,777 shares in the company, valued at approximately $30,186,742.58. The trade was a 7.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott R. Hudson sold 12,855 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the sale, the vice president owned 85,920 shares of the company's stock, valued at $25,569,792. The trade was a 13.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,855 shares of company stock worth $8,916,928 over the last 90 days. Insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $301.75 on Friday. The business's fifty day moving average is $299.11 and its 200 day moving average is $315.64. Arthur J. Gallagher & Co. has a fifty-two week low of $275.56 and a fifty-two week high of $351.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $77.37 billion, a PE ratio of 42.86 and a beta of 0.73.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing analysts' consensus estimates of $2.36 by ($0.03). The company had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.20 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 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 earnings per share. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. Arthur J. Gallagher & Co.'s dividend payout ratio is 36.93%.

Analyst Ratings Changes

Several research analysts have recently issued reports on AJG shares. Wells Fargo & Company upped their target price on shares of Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the stock an "overweight" rating in a research note on Wednesday. UBS Group raised their target price on shares of Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. The Goldman Sachs Group assumed coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 3rd. They set a "buy" rating and a $344.00 target price for the company. Barclays cut their price objective on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Finally, Erste Group Bank reissued a "hold" rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $331.43.

About Arthur J. Gallagher & Co.

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.

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