Lawson Kroeker Investment Management Inc. NE Has $19.57 Million Holdings in Arthur J. Gallagher & Co. $AJG

Lawson Kroeker Investment Management Inc. NE lessened its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,168 shares of the financial services provider’s stock after selling 3,125 shares during the period. Arthur J. Gallagher & Co. makes up about 3.6% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 7th biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Arthur J. Gallagher & Co. were worth $19,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 2.3% during the second quarter. SeaCrest Wealth Management LLC now owns 1,542 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 34 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Arthur J. Gallagher & Co. by 1.3% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 2,746 shares of the financial services provider’s stock worth $948,000 after acquiring an additional 35 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 5,501 shares of the financial services provider’s stock valued at $1,761,000 after purchasing an additional 35 shares during the last quarter. Tritonpoint Wealth LLC boosted its holdings in Arthur J. Gallagher & Co. by 1.1% in the second quarter. Tritonpoint Wealth LLC now owns 3,222 shares of the financial services provider’s stock worth $1,032,000 after acquiring an additional 35 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Arthur J. Gallagher & Co. by 1.2% during the 2nd quarter. D.A. Davidson & CO. now owns 2,892 shares of the financial services provider’s stock valued at $926,000 after purchasing an additional 35 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AJG has been the topic of a number of research analyst reports. Mizuho assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Monday, December 15th. They set a “neutral” rating and a $276.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $272.00 and set a “market perform” rating for the company in a report on Thursday, December 18th. Wolfe Research set a $289.00 price target on Arthur J. Gallagher & Co. and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Cowen restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, October 31st. Finally, Truist Financial dropped their price objective on shares of Arthur J. Gallagher & Co. from $290.00 to $280.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $302.22.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 4,000 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $258.11, for a total value of $1,032,440.00. Following the completion of the transaction, the vice president owned 17,327 shares of the company’s stock, valued at approximately $4,472,271.97. This represents a 18.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael Robert Pesch bought 4,000 shares of the stock in a transaction on Monday, November 3rd. The shares were bought at an average cost of $247.12 per share, for a total transaction of $988,480.00. Following the purchase, the vice president owned 41,849 shares in the company, valued at $10,341,724.88. This trade represents a 10.57% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 32,100 shares of company stock worth $8,243,865 over the last quarter. Insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $262.79 on Tuesday. The company’s 50-day simple moving average is $254.78 and its 200-day simple moving average is $286.41. Arthur J. Gallagher & Co. has a one year low of $236.34 and a one year high of $351.23. The stock has a market capitalization of $67.48 billion, a price-to-earnings ratio of 39.28 and a beta of 0.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.34 billion. Arthur J. Gallagher & Co. had a net margin of 13.58% and a return on equity of 11.98%. Arthur J. Gallagher & Co.’s revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.26 earnings per share. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, December 5th. Arthur J. Gallagher & Co.’s payout ratio is 38.86%.

Arthur J. Gallagher & Co. Company 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.