Arthur J Gallagher & Co (AJG) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Dec 1, 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.
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.
Arthur J Gallagher & Co opened for trading at $51.29 and hit $51.48 on the upside on Tuesday, eventually ending the session at $51.25, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 9,72,484 shares. Company has a market cap of $9,128 M.
In a different news, on Nov 14, 2016, Kay W Mccurdy (director) sold 3,375 shares at $51.19 per share price. According to the SEC, on Nov 14, 2016, David S Johnson (director) sold 3,125 shares at $50.34 per share price. On Nov 14, 2016, William L Bax (director) sold 4,000 shares at $49.80 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.