Arthur J. Gallagher & Co. (NYSE:AJG) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, AJG is expected to report 3Q20 income of $ 0.92 per share from revenue of $ 1406.87 million.
For the full year, analysts anticipate top line of $ 5696.17 million, while looking forward to income of $ 4.39 per share bottom line.
Previous Quarter Performance
Arthur J. Gallagher & Co. came out with income for the second quarter of $ 0.94 per share, from the revenue of $ 1,584.00 million. The quarterly earnings 44.62 percent while revenues raised 18.35 percent compared with the same quarter last year.
According to street consensus, AJG was expected to report 2Q20 income of $ 0.72 per share from revenue of $ 1407.99 million. The bottom line results beat street analysts by $ 0.22 or 30.56 percent, at the same time, top line results outshined analysts by $ 176.01 million or 12.50 percent.
Stock Performance
Shares of Arthur J. Gallagher & Co. traded low $ -1.26 or -1.19 percent on Wednesday, reaching $ 104.31 with volume of 1.98 million shares. Arthur J. Gallagher & Co. has traded high as $ 105.29 and has cracked $ 103.54 on the downward trend
According to the previous trading day, closing price of $ 104.31, representing a 62.19 % increase from the 52 week low of $ 65.09 and a 4.51 % decrease over the 52 week high of $ 110.56.
The company has a market capital of $ 19.97 billion and is part of the Financial Services sector and Insurance Brokers industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.45 per share to holders of record as of the close of business on September 4, 2020, with payment date of September 18, 2020 and ex-dividend date on September 3, 2020.
Conference Call
Arthur J. Gallagher & Co. will be hosting a conference call at 5:15 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ajg.com
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.
