Campbell Newman Asset Management Inc. Reduces Holdings in Arthur J. Gallagher & Co. $AJG

Campbell Newman Asset Management Inc. reduced its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 94.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,759 shares of the financial services provider’s stock after selling 114,673 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,464,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Roble Belko & Company Inc increased its stake in Arthur J. Gallagher & Co. by 16.2% during the 1st quarter. Roble Belko & Company Inc now owns 1,431 shares of the financial services provider’s stock worth $310,000 after buying an additional 200 shares during the period. Fisher Funds Management LTD lifted its holdings in Arthur J. Gallagher & Co. by 50.3% in the 1st quarter. Fisher Funds Management LTD now owns 207,219 shares of the financial services provider’s stock worth $44,879,000 after buying an additional 69,379 shares in the last quarter. ARS Investment Partners LLC grew its stake in shares of Arthur J. Gallagher & Co. by 15.0% during the first quarter. ARS Investment Partners LLC now owns 95,135 shares of the financial services provider’s stock valued at $20,604,000 after acquiring an additional 12,381 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Arthur J. Gallagher & Co. by 5.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 29,873 shares of the financial services provider’s stock valued at $7,731,000 after acquiring an additional 1,654 shares in the last quarter. Finally, World Investment Advisors lifted its stake in shares of Arthur J. Gallagher & Co. by 79.6% in the fourth quarter. World Investment Advisors now owns 7,506 shares of the financial services provider’s stock worth $1,942,000 after acquiring an additional 3,326 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $214.45 on Monday. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $327.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The firm has a market cap of $55.09 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 1.09 and a beta of 0.53. The stock has a 50 day moving average of $210.65 and a 200-day moving average of $226.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the company posted $3.67 EPS. The business’s revenue was up 29.0% compared to the same quarter last year. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 13.24 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.31%.

Insider Activity

In other news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total value of $618,000.00. Following the completion of the transaction, the chief accounting officer directly owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. The trade was a 5.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

AJG has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on Arthur J. Gallagher & Co. from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Barclays upped their target price on Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. UBS Group reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Arthur J. Gallagher & Co. in a research note on Monday, June 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and an average price target of $264.12.

About Arthur J. Gallagher & Co.

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.