Arthur J Gallagher & Co (AJG) : Pensionfund Dsm Netherlands added new position in Arthur J Gallagher & Co during the most recent quarter end. The investment management firm now holds 70,000 shares of Arthur J Gallagher & Co which is valued at $3.1 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Arthur J Gallagher & Co makes up approximately 0.42% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Pensionfund Sabic added AJG to its portfolio by purchasing 32,000 company shares during the most recent quarter which is valued at $1.4 Million. Arthur J Gallagher & Co makes up approx 0.43% of Pensionfund Sabic’s portfolio.
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 .Shares were Reiterated by Barclays on Jan 7, 2016 to “Overweight” and Lowered the Price Target to $ 48 from a previous price target of $56 .
Arthur J Gallagher & Co opened for trading at $43.57 and hit $44.18 on the upside on Monday, eventually ending the session at $43.8, with a gain of 0.48% or 0.21 points. The heightened volatility saw the trading volume jump to 5,81,221 shares. Company has a market cap of $7,754 M.
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.