Arthur J. Gallagher & Co. - AJG STOCK NEWS

Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Scout Benefits Group , an Oklahoma City-based employee benefits consulting firm. Scout Benefits Group specializes in health plan strategies and serves clients primarily in Oklahoma. The financial terms were not disclosed. The acquisition team, led by Tiffany Davis and Todd Davis, will continue operations from their current location under Leah Vetter, who heads Gallagher's Central region employee benefits consulting operations. The acquisition aligns with Gallagher's strategy to enhance its benefits consulting capabilities.

Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Statewide Commercial Insurance Brokers, an Altadena, California-based retail property/casualty insurance agency. The acquired company specializes in construction contractors for commercial clients across California and other U.S. states.

Led by Lana Matar, the team will maintain their current location under Scott Firestone's direction, who heads Gallagher's Southwest region retail property/casualty brokerage operations. The financial terms of the acquisition were not disclosed.

The acquisition strengthens Gallagher's retail brokerage capabilities in Southern California, adding specialized expertise to their existing operations which span approximately 130 countries through owned operations and correspondent networks.

Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Adept Benefits, a health and benefits consulting firm based in Snoqualmie, Washington. The acquired company serves clients in the greater Seattle area and will strengthen Gallagher's benefits consulting presence in the Pacific Northwest.

Under the agreement, Megan Narrance and her team will continue operating from their current location, reporting to Charlie Isaacs, who leads Gallagher's West region employee benefits consulting operations. The financial terms of the transaction were not disclosed.

Gallagher, headquartered in Rolling Meadows, Illinois, operates as a global insurance brokerage, risk management, and consulting services firm, with operations in approximately 130 countries worldwide.

Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Filos Agency, a Long Beach, New York-based retail property/casualty insurance agency. The acquired company serves New York area businesses and individuals, with Thomas Costantakos and team continuing operations from their current location under Gallagher Agency Alliance. They will report to Jen Tadin, head of Gallagher Select.

The acquisition strengthens Gallagher's small business capabilities, with Filos Agency known for strong client service in local communities. Gallagher Agency Alliance specializes in partnering with agencies focused on small business property/casualty insurance and employee benefits. Operating in approximately 130 countries, Gallagher provides insurance brokerage, risk management, and consulting services globally.

Valmont Industries (NYSE: VMI) has appointed Deborah Caplan to its Board of Directors, expanding the board to eleven members. Caplan brings extensive experience from her role as Executive Vice President of HR & Corporate Services at NextEra Energy, where she led workforce initiatives for a $170 billion market cap clean energy company. Her background includes leadership positions at Florida Power & Light, General Electric Company, and GE Capital. She currently serves on the boards of Arthur J. Gallager & Co. and Mid-America Apartment Communities. Caplan holds degrees in aerospace and manufacturing engineering and is a certified Six Sigma Master Black Belt.

Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Via Financial Group Pty , a Sydney-based firm providing financial planning, wealth management, and life risk advisory services across multiple Australian offices. The Via Financial team, including Matthew Read, Daniel Burden, Peter Kirby, Ben Davis, Robert Wilson, and Sam Haydon, will join Gallagher's Australian operations under Graham Campbell, who heads the employee benefits and HR consulting division. The acquisition aims to complement Gallagher's existing benefits consulting operations in Australia. Financial terms were not disclosed.

Arthur J. Gallagher & Co. (NYSE: AJG) has announced the acquisition of Redington , a London-based investment consulting firm. Redington specializes in providing comprehensive investment, research, and technology services to pension funds, wealth managers, and institutional investor clients, primarily in the UK market.

The acquisition will enhance Gallagher's existing consulting services with Redington's expertise in modeling and investment market research. Sylvia Pozezanac and her team will continue operations from their current location, reporting to David Piltz, who heads Gallagher's UK employee benefits and HR consulting operations. The financial terms of the transaction were not disclosed.

Arthur J. Gallagher & Co. (AJG) reported strong Q3 2024 financial results. Total revenues increased 13% to $2.77 billion, with organic revenue growth of 6%. Net earnings grew 12% to $314.1 million, while adjusted EBITDAC margin expanded by 123 basis points. The company completed 4 new mergers during the quarter. For the first nine months of 2024, revenues increased 16%, organic growth was 8%, net earnings rose 19%, and adjusted EPS grew 17%. The company noted that global Q3 renewal premium increases remained stable, with recent U.S. hurricanes not yet significantly impacting insurance pricing in October.

Arthur J. Gallagher (NYSE: AJG) has declared a regular quarterly cash dividend of $0.60 per share on its Common Stock. The dividend will be payable on December 20, 2024 to stockholders of record as of December 6, 2024. The company operates as a global insurance brokerage, risk management, and consulting services firm, with operations in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.