Arthur J Gallagher & Co (AJG) : Prudential Plc reduced its stake in Arthur J Gallagher & Co by 3.34% during the most recent quarter end. The investment management company now holds a total of 6,099,069 shares of Arthur J Gallagher & Co which is valued at $317,883,476 after selling 210,789 shares in Arthur J Gallagher & Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Arthur J Gallagher & Co makes up approximately 1.22% of Prudential Plc’s portfolio.
Other Hedge Funds, Including , Highbridge Capital Management added AJG to its portfolio by purchasing 35,265 company shares during the most recent quarter which is valued at $1,817,558. Arthur J Gallagher & Co makes up approx 0.05% of Highbridge Capital Management’s portfolio.Blackrock Japan Ltd boosted its stake in AJG in the latest quarter, The investment management firm added 2,560 additional shares and now holds a total of 224,884 shares of Arthur J Gallagher & Co which is valued at $10,922,616. Arthur J Gallagher & Co makes up approx 0.04% of Blackrock Japan Ltd’s portfolio. Argentus Capital Management sold out all of its stake in AJG during the most recent quarter. The investment firm sold 61 shares of AJG which is valued $2,888.Ftb Advisors reduced its stake in AJG by selling 1,015 shares or 10.6% in the most recent quarter. The Hedge Fund company now holds 8,563 shares of AJG which is valued at $412,993. Arthur J Gallagher & Co makes up approx 0.05% of Ftb Advisors’s portfolio.
Arthur J Gallagher & Co closed down -0.11 points or -0.21% at $51.52 with 8,80,041 shares getting traded on Monday. Post opening the session at $51.52, the shares hit an intraday low of $51.34 and an intraday high of $51.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Arthur J Gallagher & Co reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.76. The company had revenue of $1482.30 million for the quarter, compared to analysts expectations of $1451.18 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Investors should note that on Oct 27, 2016, Arthur J Gallagher & Co announced a cash dividend of $0.3800. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 16, 2016.
Many Wall Street Analysts have commented on Arthur J Gallagher & Co. Arthur J Gallagher & Co was Downgraded by Goldman to ” Sell” on Nov 15, 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.