Coyle Financial Counsel LLC Takes Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Coyle Financial Counsel LLC bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 860 shares of the financial services provider's stock, valued at approximately $297,000.

Other institutional investors also recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 1.1% in the first quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider's stock valued at $1,001,000 after buying an additional 31 shares during the period. Allred Capital Management LLC increased its holdings in Arthur J. Gallagher & Co. by 1.0% in the fourth quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider's stock valued at $960,000 after purchasing an additional 34 shares during the period. City Holding Co. increased its holdings in Arthur J. Gallagher & Co. by 3.1% in the first quarter. City Holding Co. now owns 1,140 shares of the financial services provider's stock valued at $394,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC lifted its position in shares of Arthur J. Gallagher & Co. by 34.3% in the 1st quarter. CVA Family Office LLC now owns 133 shares of the financial services provider's stock worth $46,000 after purchasing an additional 34 shares during the period. Finally, HBK Sorce Advisory LLC grew its holdings in Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock worth $333,000 after acquiring an additional 36 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 shares were sold at an average price of $344.13, for a total value of $4,645,755.00. Following the sale, the insider owned 11,941 shares of the company's stock, valued at approximately $4,109,256.33. The trade was a 53.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David S. Johnson sold 1,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $342.04, for a total transaction of $342,040.00. Following the completion of the transaction, the director owned 45,323 shares of the company's stock, valued at $15,502,278.92. This represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock valued at $8,528,080. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. 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. Keefe, Bruyette & Woods increased their price target on Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the stock a "market perform" rating in a report on Wednesday. Jefferies Financial Group reduced their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price for the company. Finally, Barclays reduced their target price on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of "Hold" and a consensus price target of $318.21.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock traded down $2.06 during mid-day trading on Friday, hitting $311.52. 715,217 shares of the stock were exchanged, compared to its average volume of 1,388,463. Arthur J. Gallagher & Co. has a 12 month low of $267.00 and a 12 month high of $351.23. The company has a 50-day simple moving average of $327.80 and a 200 day simple moving average of $320.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $79.78 billion, a P/E ratio of 45.08 and a beta of 0.71.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly 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. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 14.39% and a return on equity of 14.83%. Arthur J. Gallagher & Co.'s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.45 EPS. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.83%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

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