1,026 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Bought by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. bought a new position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,026 shares of the financial services provider's stock, valued at approximately $354,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allred Capital Management LLC grew its holdings in Arthur J. Gallagher & Co. by 1.0% during 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. HBK Sorce Advisory LLC grew its stake in shares of 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 valued at $333,000 after acquiring an additional 36 shares during the period. RFG Advisory LLC increased its holdings in Arthur J. Gallagher & Co. by 0.5% in the 1st quarter. RFG Advisory LLC now owns 7,195 shares of the financial services provider's stock worth $2,484,000 after acquiring an additional 36 shares in the last quarter. Tucker Asset Management LLC raised its stake in Arthur J. Gallagher & Co. by 3.0% during the 4th quarter. Tucker Asset Management LLC now owns 1,419 shares of the financial services provider's stock worth $403,000 after acquiring an additional 41 shares during the period. Finally, Baker Tilly Wealth Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 5.4% in the first quarter. Baker Tilly Wealth Management LLC now owns 802 shares of the financial services provider's stock worth $277,000 after purchasing an additional 41 shares during the period. Institutional investors own 85.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AJG shares. Wells Fargo & Company boosted their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a report on Thursday, April 10th. Barclays boosted their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price target on the stock. Jefferies Financial Group decreased their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised their price objective on Arthur J. Gallagher & Co. from $315.00 to $326.00 and gave the company a "market perform" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $319.36.

Arthur J. Gallagher & Co. Trading Up 0.2%

Shares of Arthur J. Gallagher & Co. stock traded up $0.80 on Friday, reaching $328.90. The company had a trading volume of 735,202 shares, compared to its average volume of 1,332,779. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $84.23 billion, a PE ratio of 50.44 and a beta of 0.74. The firm's 50 day moving average price is $332.75 and its two-hundred day moving average price is $316.55. Arthur J. Gallagher & Co. has a 52-week low of $250.72 and a 52-week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Arthur J. Gallagher & Co.'s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.45 EPS. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a yield of 0.79%. Arthur J. Gallagher & Co.'s payout ratio is currently 37.63%.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the transaction, the vice president now directly owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. This represents a 7.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David S. Johnson sold 1,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $342.04, for a total value of $342,040.00. Following the completion of the transaction, the director now owns 45,323 shares of the company's stock, valued at $15,502,278.92. The trade was a 2.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,510 shares of company stock worth $11,033,341. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. 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.