A.r. Schmeidler Lowers stake in Arthur J Gallagher & Co (AJG)

Arthur J Gallagher & Co (AJG) : A.r. Schmeidler reduced its stake in Arthur J Gallagher & Co by 5.22% during the most recent quarter end. The investment management company now holds a total of 322,437 shares of Arthur J Gallagher & Co which is valued at $15,921,939 after selling 17,748 shares in Arthur J Gallagher & Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Arthur J Gallagher & Co makes up approximately 3.47% of A.r. Schmeidler’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in AJG by selling 390,255 shares or 7.47% in the most recent quarter. The Hedge Fund company now holds 4,833,998 shares of AJG which is valued at $238,702,821. Arthur J Gallagher & Co makes up approx 0.04% of Blackrock Institutional Trust Company N.a.’s portfolio.Quantitative Systematic Strategies boosted its stake in AJG in the latest quarter, The investment management firm added 11,823 additional shares and now holds a total of 22,420 shares of Arthur J Gallagher & Co which is valued at $1,102,840. Arthur J Gallagher & Co makes up approx 0.47% of Quantitative Systematic Strategies’s portfolio.Ls Investment Advisors reduced its stake in AJG by selling 3,199 shares or 19.43% in the most recent quarter. The Hedge Fund company now holds 13,262 shares of AJG which is valued at $651,960. Arthur J Gallagher & Co makes up approx 0.04% of Ls Investment Advisors’s portfolio.Carroll Financial Associates boosted its stake in AJG in the latest quarter, The investment management firm added 7,740 additional shares and now holds a total of 7,822 shares of Arthur J Gallagher & Co which is valued at $381,557. Arthur J Gallagher & Co makes up approx 0.06% of Carroll Financial Associates’s portfolio.

Arthur J Gallagher & Co opened for trading at $48.33 and hit $48.72 on the upside on Friday, eventually ending the session at $48.54, with a gain of 0.04% or 0.02 points. The heightened volatility saw the trading volume jump to 50,72,982 shares. Company has a market cap of $8,593 M.

On the company’s financial health, Arthur J Gallagher & Co reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.96. The company had revenue of $1427.10 million for the quarter, compared to analysts expectations of $1467.97 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.

Investors should note that on Jul 27, 2016, Arthur J Gallagher & Co announced a cash dividend of $0.3800. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 16, 2016.

Many Wall Street Analysts have commented on Arthur J Gallagher & Co. Company shares were Reiterated by Compass Point on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $51 .

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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