Starfire Investment Advisers adds Arthur J Gallagher & Co (AJG) to its portfolio

Arthur J Gallagher & Co (AJG) : Starfire Investment Advisers added new position in Arthur J Gallagher & Co during the most recent quarter end. The investment management firm now holds 10,022 shares of Arthur J Gallagher & Co which is valued at $450,389 , the company said in a statement filed on Apr 14, 2016 with the SEC.Arthur J Gallagher & Co makes up approximately 0.29% of Starfire Investment Advisers’s portfolio.

Arthur J Gallagher & Co opened for trading at $44.82 and hit $45.33 on the upside on Monday, eventually ending the session at $45.3, with a gain of 0.80% or 0.36 points. The heightened volatility saw the trading volume jump to 6,75,309 shares. Company has a market cap of $8,019 M.

Other Hedge Funds, Including , Sit Investment Associates Inc boosted its stake in AJG in the latest quarter, The investment management firm added 502,668 additional shares and now holds a total of 584,223 shares of Arthur J Gallagher & Co which is valued at $26,254,982. Arthur J Gallagher & Co makes up approx 0.48% of Sit Investment Associates Inc’s portfolio.Benjamin F. Edwards Company boosted its stake in AJG in the latest quarter, The investment management firm added 204 additional shares and now holds a total of 454 shares of Arthur J Gallagher & Co which is valued at $20,403.Gradient Investments boosted its stake in AJG in the latest quarter, The investment management firm added 9,185 additional shares and now holds a total of 87,233 shares of Arthur J Gallagher & Co which is valued at $3,920,251. Arthur J Gallagher & Co makes up approx 0.48% of Gradient Investments’s portfolio.State Of Alaska Department Of Revenue boosted its stake in AJG in the latest quarter, The investment management firm added 2,298 additional shares and now holds a total of 3,269 shares of Arthur J Gallagher & Co which is valued at $146,909. Arthur J Gallagher & Co makes up approx 0.02% of State Of Alaska Department Of Revenue’s portfolio. Lenox Wealth Advisors sold out all of its stake in AJG during the most recent quarter. The investment firm sold 19 shares of AJG which is valued $854.

On the company’s financial health, Arthur J Gallagher & Co reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.54. The company had revenue of $1334.90 million for the quarter, compared to analysts expectations of $1373.60 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Arthur J Gallagher & Co. Shares were Reiterated by Compass Point on Feb 5, 2016 to “Buy” and Lowered the Price Target to $ 51 from a previous price target of $55 .Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform” and Lowered the Price Target to $ 44 from a previous price target of $50 .

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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