Revenue Update on Arthur J Gallagher & Co(NYSE:AJG)

Arthur J Gallagher & Co(NYSE:AJG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $1.43B. Analysts estimated a revenue of $1.44B. Earnings per share were $0.97. Analysts had estimated an EPS of $0.97.

Arthur J Gallagher & Co (AJG) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -0.20% at a volume of 10,57,066. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $49.3. The peak price level was also seen at $49.3 while the days lowest was $48.81. Finally the shares closed at $48.9. The 52-week high of the shares is $49.77 while the 52-week low is $35.9634. According to the latest information available, the market cap of the company is $8,657 M.

Arthur J Gallagher & Co has also declared a cash dividend of $0.3800 on Jul 27, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed on Sep 2, 2016. The dividend payable date has been fixed on Sep 16, 2016.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, David S Johnson (director) sold 4,688 shares at $40.48 per share price.Also, 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.

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