Arthur J Gallagher & Co (AJG) : Fenimore Asset Management Inc scooped up 3,925 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 Oct 12, 2016. The investment management firm now holds a total of 538,697 shares of Arthur J Gallagher & Co which is valued at $26,837,885.Arthur J Gallagher & Co makes up approximately 1.31% of Fenimore Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Dynamic Advisors Solutions added AJG to its portfolio by purchasing 7,902 company shares during the most recent quarter which is valued at $399,288. Arthur J Gallagher & Co makes up approx 0.15% of Dynamic Advisors Solutions’s portfolio.Advisory Services Network reduced its stake in AJG by selling 81 shares or 8.75% in the most recent quarter. The Hedge Fund company now holds 845 shares of AJG which is valued at $42,732. Arthur J Gallagher & Co makes up approx 0.01% of Advisory Services Network’s portfolio. New England Research Management sold out all of its stake in AJG during the most recent quarter. The investment firm sold 7,600 shares of AJG which is valued $383,192.
Arthur J Gallagher & Co closed down -0.71 points or -1.41% at $49.82 with 5,76,309 shares getting traded on Tuesday. Post opening the session at $50.47, the shares hit an intraday low of $49.68 and an intraday high of $50.51 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.
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.