Arthur J. Gallagher & Co. (NYSE:AJG) Stake Reduced by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. lessened its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 11.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 125,491 shares of the financial services provider's stock after selling 15,672 shares during the period. Arthur J. Gallagher & Co. accounts for approximately 3.7% of Campbell Newman Asset Management Inc.'s holdings, making the stock its 7th biggest position. Campbell Newman Asset Management Inc.'s holdings in Arthur J. Gallagher & Co. were worth $43,325,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AJG. Kingsview Wealth Management LLC increased its stake in Arthur J. Gallagher & Co. by 13.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 982 shares of the financial services provider's stock worth $279,000 after purchasing an additional 119 shares during the period. Empowered Funds LLC grew its stake in Arthur J. Gallagher & Co. by 11.6% in the 4th quarter. Empowered Funds LLC now owns 9,129 shares of the financial services provider's stock worth $2,591,000 after acquiring an additional 949 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Arthur J. Gallagher & Co. by 17.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,787 shares of the financial services provider's stock worth $791,000 after acquiring an additional 417 shares during the period. Certuity LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 6.9% in the fourth quarter. Certuity LLC now owns 864 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 56 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Arthur J. Gallagher & Co. by 9.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,198 shares of the financial services provider's stock valued at $3,089,000 after acquiring an additional 982 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a "market perform" rating in a research report on Thursday, June 5th. Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Wells Fargo & Company cut their price objective on shares of Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Jefferies Financial Group cut their target price on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Finally, Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $319.29.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 1,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $342.04, for a total value of $342,040.00. Following the completion of the sale, the director now owns 45,323 shares in the company, valued at approximately $15,502,278.92. This represents a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares of the company's stock, valued at $30,029,771.80. This represents a 7.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,510 shares of company stock valued at $11,033,341. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Price Performance

AJG stock traded up $0.43 during mid-day trading on Monday, reaching $317.07. 418,390 shares of the company traded hands, compared to its average volume of 1,340,688. Arthur J. Gallagher & Co. has a 52-week low of $251.42 and a 52-week high of $351.23. The company has a market capitalization of $81.20 billion, a P/E ratio of 48.65 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The company has a fifty day moving average price of $331.51 and a 200-day moving average price of $317.24.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.85 billion. During the same quarter last year, the company earned $3.45 EPS. The firm's revenue was up 14.5% compared to the same quarter last year. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

Arthur J. Gallagher & Co. Profile

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.