Arthur J Gallagher & Co (AJG) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.30. The company posted revenue of $1300.40 million in the period, 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.
Many Wall Street Analysts have commented on Arthur J Gallagher & Co. Shares were Reiterated by Compass Point on Feb 5, 2016 to “Buy” and Lowered the Price Target to $ 51 from a previous price target of $55 .Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform” and Lowered the Price Target to $ 44 from a previous price target of $50 .
Arthur J Gallagher & Co opened for trading at $45.16 and hit $45.44 on the upside on Wednesday, eventually ending the session at $45.14, with a gain of 0.16% or 0.07 points. The heightened volatility saw the trading volume jump to 4,80,363 shares. Company has a market cap of $7,991 M.
In a different news, on Mar 2, 2016, David S Johnson (director) sold 4,688 shares at $40.48 per share price. According to the SEC, on Feb 26, 2016, Kay W Mccurdy (director) sold 7,169 shares at $40.00 per share price. On Aug 7, 2015, Frank E. Jr. English (director) sold 4,000 shares at $48.01 per share price, according to the Form-4 filing with the securities and exchange commission.
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.