Lawson Kroeker Investment Management Inc. NE Has $20.16 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Lawson Kroeker Investment Management Inc. NE reduced its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,015 shares of the financial services provider’s stock after selling 2,043 shares during the quarter. Arthur J. Gallagher & Co. comprises approximately 3.8% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 3rd largest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Arthur J. Gallagher & Co. were worth $20,158,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AJG. Principal Financial Group Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 231.2% in the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after purchasing an additional 618,362 shares in the last quarter. FMR LLC grew its stake in shares of Arthur J. Gallagher & Co. by 4.9% in the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock worth $3,462,392,000 after purchasing an additional 580,134 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Arthur J. Gallagher & Co. by 6,581.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider’s stock worth $124,174,000 after purchasing an additional 430,917 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Arthur J. Gallagher & Co. by 13.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider’s stock worth $899,538,000 after purchasing an additional 383,130 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Arthur J. Gallagher & Co. by 431.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 323,880 shares of the financial services provider’s stock worth $91,130,000 after purchasing an additional 262,987 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on AJG. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and cut their price objective for the company from $292.00 to $286.00 in a report on Friday, January 10th. BMO Capital Markets upped their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Finally, Barclays upped their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $304.07.

Arthur J. Gallagher & Co. Stock Up 0.4 %

NYSE:AJG opened at $294.47 on Thursday. Arthur J. Gallagher & Co. has a 1-year low of $227.43 and a 1-year high of $316.72. The firm has a market capitalization of $73.56 billion, a price-to-earnings ratio of 56.09 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average price is $291.81 and its 200 day moving average price is $288.34.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.65 per share. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.88%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.71%.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.