Arthur J Gallagher & Co (AJG) : Starfire Investment Advisers has sold out all of its stake in Arthur J Gallagher & Co during the most recent quarter, according to the disclosure filed by the company on Oct 17, 2016 with the SEC. The investment management company has sold out 10,022 shares of Arthur J Gallagher & Co which is valued at $503,505.
Other Hedge Funds, Including , Fox Run Management L.l.c. reduced its stake in AJG by selling 900 shares or 13.64% in the most recent quarter. The Hedge Fund company now holds 5,700 shares of AJG which is valued at $283,974. Arthur J Gallagher & Co makes up approx 0.17% of Fox Run Management L.l.c.’s portfolio.Eagle Asset Management Inc boosted its stake in AJG in the latest quarter, The investment management firm added 28,597 additional shares and now holds a total of 150,421 shares of Arthur J Gallagher & Co which is valued at $7,493,974. Arthur J Gallagher & Co makes up approx 0.05% of Eagle Asset Management Inc’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.