Lawson Kroeker Investment Management Inc. NE Has $23.57 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Lawson Kroeker Investment Management Inc. NE cut its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,258 shares of the financial services provider's stock after selling 2,757 shares during the quarter. Arthur J. Gallagher & Co. accounts for about 4.3% of Lawson Kroeker Investment Management Inc. NE's portfolio, making the stock its 3rd largest holding. Lawson Kroeker Investment Management Inc. NE's holdings in Arthur J. Gallagher & Co. were worth $23,565,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AJG. Keybank National Association OH increased its holdings in shares of Arthur J. Gallagher & Co. by 44.2% during the 1st quarter. Keybank National Association OH now owns 5,809 shares of the financial services provider's stock valued at $2,005,000 after purchasing an additional 1,781 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Arthur J. Gallagher & Co. by 4.3% in the 1st quarter. DAVENPORT & Co LLC now owns 16,852 shares of the financial services provider's stock worth $5,818,000 after purchasing an additional 702 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Arthur J. Gallagher & Co. by 6.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,951 shares of the financial services provider's stock valued at $10,340,000 after acquiring an additional 1,896 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at about $240,000. Finally, Mather Group LLC. boosted its position in shares of Arthur J. Gallagher & Co. by 2.4% during the 1st quarter. Mather Group LLC. now owns 2,438 shares of the financial services provider's stock valued at $842,000 after acquiring an additional 58 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Arthur J. Gallagher & Co. Trading Up 0.2%

Shares of NYSE AJG traded up $0.76 during midday trading on Thursday, hitting $316.50. The stock had a trading volume of 639,946 shares, compared to its average volume of 1,378,055. The company has a fifty day moving average price of $328.71 and a 200 day moving average price of $319.17. The company has a market capitalization of $81.06 billion, a price-to-earnings ratio of 45.80 and a beta of 0.71. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.56. Arthur J. Gallagher & Co. has a 1-year low of $260.83 and a 1-year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping the consensus estimate of $3.57 by $0.10. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. Arthur J. Gallagher & Co.'s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.45 EPS. On average, analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a dividend of $0.65 per share. The ex-dividend date was Friday, June 6th. This represents a $2.60 annualized dividend and a yield of 0.82%. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 37.63%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the sale, the insider directly owned 11,941 shares in the company, valued at $4,109,256.33. The trade was a 53.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott R. Hudson sold 10,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $337.17, for a total value of $3,540,285.00. Following the completion of the sale, the vice president owned 91,175 shares of the company's stock, valued at $30,741,474.75. This trade represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $8,528,080 in the last three months. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Company 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.