Gierl Augustine Investment Management Inc Lowers stake in Arthur J Gallagher & Co (AJG)

Arthur J Gallagher & Co (AJG) : Gierl Augustine Investment Management Inc reduced its stake in Arthur J Gallagher & Co by 0.8% during the most recent quarter end. The investment management company now holds a total of 62,077 shares of Arthur J Gallagher & Co which is valued at $3,118,748 after selling 500 shares in Arthur J Gallagher & Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Arthur J Gallagher & Co makes up approximately 2.93% of Gierl Augustine Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in AJG in the latest quarter, The investment management firm added 1,645 additional shares and now holds a total of 42,519 shares of Arthur J Gallagher & Co which is valued at $2,136,155. Arthur J Gallagher & Co makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Creative Planning boosted its stake in AJG in the latest quarter, The investment management firm added 946 additional shares and now holds a total of 3,226 shares of Arthur J Gallagher & Co which is valued at $160,719.Capstone Asset Management Co boosted its stake in AJG in the latest quarter, The investment management firm added 1,960 additional shares and now holds a total of 15,011 shares of Arthur J Gallagher & Co which is valued at $747,848. Arthur J Gallagher & Co makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Raymond James Trust N.a. boosted its stake in AJG in the latest quarter, The investment management firm added 1,109 additional shares and now holds a total of 12,753 shares of Arthur J Gallagher & Co which is valued at $644,409. Arthur J Gallagher & Co makes up approx 0.06% of Raymond James Trust N.a.’s portfolio.

Arthur J Gallagher & Co opened for trading at $50.47 and hit $50.7099 on the upside on Friday, eventually ending the session at $50.24, with a gain of 0.34% or 0.17 points. The heightened volatility saw the trading volume jump to 4,92,955 shares. Company has a market cap of $8,894 M.

On the company’s financial health, Arthur J Gallagher & Co reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.96. The company had revenue of $1427.10 million for the quarter, compared to analysts expectations of $1467.97 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.

Many Wall Street Analysts have commented on Arthur J Gallagher & Co. Company shares were Reiterated by Compass Point on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $51 .

Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to entities in the United States and abroad. The Company’s brokers agents and administrators act as intermediaries between insurers and their customers. The Company operates in three segments: brokerage risk management and corporate. The brokerage segment comprises of retail and wholesale insurance brokerage operations. The risk management segment provides contract claim settlement and administration services for enterprises and for insurance companies. The corporate segment reports the financial information related to its debt clean energy investments external acquisition-related expenses and other corporate costs.

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