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Gallagher's Q2 earnings missed estimates, revenue rose 16%, stock near $280, insiders sold $8.9M.
Arthur J. Gallagher & Co. reported second-quarter earnings of $2.33 per share, slightly below the $2.36 estimate, with $3.18 billion in revenue, up 16% year-over-year.
The company’s stock closed at $280.09, with a market cap of $71.82 billion and a price-to-earnings ratio of 39.79.
Institutional investors own 85.53% of shares, while insiders sold $8.9 million worth of stock in the past 90 days.
Analysts maintain a “Moderate Buy” rating with a $331.43 target price.
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Las ganancias de Gallagher en el segundo trimestre no alcanzaron las estimaciones, los ingresos subieron un 16%, las acciones cercanas a los $280, los insiders vendieron $8.9M.