Brookmont Capital Management Lowers stake in Arthur J Gallagher & Co (AJG)

Arthur J Gallagher & Co (AJG) : Brookmont Capital Management reduced its stake in Arthur J Gallagher & Co by 12.92% during the most recent quarter end. The investment management company now holds a total of 178,713 shares of Arthur J Gallagher & Co which is valued at $8.4 Million after selling 26,510 shares in Arthur J Gallagher & Co , the firm said in a disclosure report filed with the SEC on May 12, 2016.Arthur J Gallagher & Co makes up approximately 2.73% of Brookmont Capital Management’s portfolio.

Other Hedge Funds, Including , First Allied Advisory Services reduced its stake in AJG by selling 3,693 shares or 44.44% in the most recent quarter. The Hedge Fund company now holds 4,618 shares of AJG which is valued at $217,646. Arthur J Gallagher & Co makes up approx 0.01% of First Allied Advisory Services’s portfolio.Bradley Foster Sargent Incct reduced its stake in AJG by selling 700 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 19,190 shares of AJG which is valued at $904,425. Arthur J Gallagher & Co makes up approx 0.04% of Bradley Foster Sargent Incct’s portfolio.Psagot Investment House Ltd. boosted its stake in AJG in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 29,500 shares of Arthur J Gallagher & Co which is valued at $1.4 Million. Arthur J Gallagher & Co makes up approx 0.06% of Psagot Investment House Ltd.’s portfolio.Kornitzer Capital Management Inc Ks boosted its stake in AJG in the latest quarter, The investment management firm added 292,230 additional shares and now holds a total of 645,860 shares of Arthur J Gallagher & Co which is valued at $30.3 Million. Arthur J Gallagher & Co makes up approx 0.54% of Kornitzer Capital Management Inc Ks’s portfolio.Strategy Asset Managers boosted its stake in AJG in the latest quarter, The investment management firm added 2,362 additional shares and now holds a total of 36,205 shares of Arthur J Gallagher & Co which is valued at $1.7 Million. Arthur J Gallagher & Co makes up approx 0.38% of Strategy Asset Managers’s portfolio.

Arthur J Gallagher & Co opened for trading at $47.67 and hit $48.08 on the upside on Friday, eventually ending the session at $47.78, with a gain of 0.34% or 0.16 points. The heightened volatility saw the trading volume jump to 8,35,106 shares. Company has a market cap of $8,463 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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