MAY 23·MarketBeat→
Cumberland Partners Ltd Trims Stock Position in Arthur J. Gallagher & Co. $AJG
Cumberland Partners Ltd significantly reduced its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 77% in the fourth quarter, selling 63,571 shares and retaining 19,022 shares valued at approximately $4.9 million. Despite the stock being down 1.2% to $204.89, the company surpassed EPS expectations with $4.47 per share, though revenue slightly missed forecasts. Arthur J. Gallagher & Co. declared a quarterly dividend of $0.70 per share and maintains a "Moderate Buy" rating from analysts with an average price target of $264.
MAY 22·MarketBeat▲
Van Hulzen Asset Management LLC Acquires 7,025 Shares of Arthur J. Gallagher & Co. $AJG
Van Hulzen Asset Management LLC increased its stake in Arthur J. Gallagher & Co. by 7.9% in the fourth quarter, purchasing 7,025 additional shares to bring its total holding to 95,470 shares valued at $24.7 million. Arthur J. Gallagher & Co. reported strong earnings, with EPS of $4.47 exceeding estimates and revenue growing 29% year over year to $4.71 billion. The company declared a quarterly dividend of $0.70 per share and currently holds a "Moderate Buy" rating from analysts with an average price target of $264.