Shares of Arthur J. Gallagher AJG were flat in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share increased 51.72% over the past year to $0.88, which beat the estimate of $0.78.
Revenue of $1,704,000,000 declined by 0.99% year over year, which beat the estimate of $1,450,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Jan 28, 2021
Time: 05:15 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/vr8bxawi
Recent Stock Performance
52-week high: $129.12
Company's 52-week low was at $65.09
Price action over last quarter: Up 11.38%
Company Description
Arthur J. Gallagher & Co provides insurance brokerage and consulting services to middle-market entities around the world. The majority of the company's revenue comes from its brokerage segment, where it negotiates and places its customers with insurance companies that provide, among other types, property/casualty and health insurance. The company's primary source of revenue in the brokerage segment is commissions from the insurance companies. The company also generates significant revenue in its corporate segment, which includes clean energy investment and other investment income. The company generates most of its revenue in the United States, with the remaining revenue coming primarily from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.
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