NYSE:AJGInsurance
Arthur J. Gallagher (AJG) Stock Drops As Revenue Jumps But Margins Thin
Arthur J. Gallagher stock slipped about 3% to US$249.42 today, even after the company posted another quarter of double digit adjusted earnings before interest, tax, depreciation, amortization and compensation growth. The quick verdict on the screen was selling. The headline in the numbers was expanding profitability in both the brokerage and risk management businesses.
Short term traders focused on the price drop. Longer term investors will be weighing that reaction against 24% revenue growth...