Tnb Financial buys $6,621,202 stake in Arthur J Gallagher & Co (AJG)

Arthur J Gallagher & Co (AJG) : Tnb Financial scooped up 12,156 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 Jul 19, 2016. The investment management firm now holds a total of 135,736 shares of Arthur J Gallagher & Co which is valued at $6,621,202.Arthur J Gallagher & Co makes up approximately 1.70% of Tnb Financial’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management added AJG to its portfolio by purchasing 6,963 company shares during the most recent quarter which is valued at $339,655.British Columbia Investment Management Corp boosted its stake in AJG in the latest quarter, The investment management firm added 39,813 additional shares and now holds a total of 159,758 shares of Arthur J Gallagher & Co which is valued at $7,780,215. Arthur J Gallagher & Co makes up approx 0.07% of British Columbia Investment Management Corp’s portfolio.Raymond James Trust N.a. boosted its stake in AJG in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 11,644 shares of Arthur J Gallagher & Co which is valued at $567,063. Arthur J Gallagher & Co makes up approx 0.05% of Raymond James Trust N.a.’s portfolio.Washington Trust Bank boosted its stake in AJG in the latest quarter, The investment management firm added 870 additional shares and now holds a total of 3,501 shares of Arthur J Gallagher & Co which is valued at $170,499. Arthur J Gallagher & Co makes up approx 0.04% of Washington Trust Bank’s portfolio.

Arthur J Gallagher & Co opened for trading at $48.8 and hit $48.92 on the upside on Wednesday, eventually ending the session at $48.78, with a gain of 0.16% or 0.08 points. The heightened volatility saw the trading volume jump to 4,01,865 shares. Company has a market cap of $8,640 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.

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.

Leave a Reply

Arthur J Gallagher & Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Arthur J Gallagher & Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.