Arthur J Gallagher & Co (AJG) : A.r. Schmeidler scooped up 9,991 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 340,185 shares of Arthur J Gallagher & Co which is valued at $16 Million.Arthur J Gallagher & Co makes up approximately 3.77% of A.r. Schmeidler’s portfolio.
Other Hedge Funds, Including , Focused Wealth Management Inc boosted its stake in AJG in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 380 shares of Arthur J Gallagher & Co which is valued at $17,909. Arthur J Gallagher & Co makes up approx 0.01% of Focused Wealth Management Inc’s portfolio.Schwab Charles Investment Management Inc boosted its stake in AJG in the latest quarter, The investment management firm added 19,325 additional shares and now holds a total of 401,417 shares of Arthur J Gallagher & Co which is valued at $18.9 Million. Arthur J Gallagher & Co makes up approx 0.02% of Schwab Charles Investment Management Inc’s portfolio. Carderock Capital Management Inc sold out all of its stake in AJG during the most recent quarter. The investment firm sold 22,985 shares of AJG which is valued $1.1 Million.Russell Frank Co reduced its stake in AJG by selling 91,771 shares or 34.64% in the most recent quarter. The Hedge Fund company now holds 173,167 shares of AJG which is valued at $8 Million. Arthur J Gallagher & Co makes up approx 0.01% of Russell Frank Co’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.