Sitrin Capital Management buys $11.4 Million stake in Arthur J Gallagher & Co (AJG)

Arthur J Gallagher & Co (AJG) : Sitrin Capital Management scooped up 215,582 additional shares in Arthur J Gallagher & Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 241,654 shares of Arthur J Gallagher & Co which is valued at $11.4 Million.Arthur J Gallagher & Co makes up approximately 9.03% of Sitrin Capital Management’s portfolio.

Other Hedge Funds, Including , State Treasurer State Of Michigan boosted its stake in AJG in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 70,700 shares of Arthur J Gallagher & Co which is valued at $3.3 Million. Arthur J Gallagher & Co makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.Payden Rygel boosted its stake in AJG in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 180,600 shares of Arthur J Gallagher & Co which is valued at $8.5 Million. Arthur J Gallagher & Co makes up approx 1.03% of Payden Rygel’s portfolio.Bronfman E.l. Rothschild boosted its stake in AJG in the latest quarter, The investment management firm added 242 additional shares and now holds a total of 3,304 shares of Arthur J Gallagher & Co which is valued at $155,156. Arthur J Gallagher & Co makes up approx 0.03% of Bronfman E.l. Rothschild’s portfolio.Shamrock Asset Management reduced its stake in AJG by selling 11,186 shares or 41.62% in the most recent quarter. The Hedge Fund company now holds 15,688 shares of AJG which is valued at $736,708. Arthur J Gallagher & Co makes up approx 0.44% of Shamrock Asset Management’s portfolio.

Arthur J Gallagher & Co opened for trading at $47.06 and hit $47.765 on the upside on Monday, eventually ending the session at $47.41, with a gain of 0.59% or 0.28 points. The heightened volatility saw the trading volume jump to 6,83,947 shares. Company has a market cap of $8,398 M.

On the company’s financial health, Arthur J Gallagher & Co reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.30. The company had revenue of $1300.40 million for the quarter, compared to analysts expectations of $1325.54 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Investors should note that on Apr 27, 2016, Arthur J Gallagher & Co announced a cash dividend of $0.3800. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 17, 2016.

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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