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Arthur J. Gallagher & Co. - AJG STOCK NEWS

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Arthur J. Gallagher & Co. (NYSE: AJG) is a leading global insurance brokerage and risk management services firm headquartered in Rolling Meadows, Illinois. With operations across approximately 130 countries, Gallagher provides retail and wholesale property and casualty brokerage, alternative risk transfer services, employee benefit consulting, and actuarial services. Additionally, they offer claims and information management, risk control consulting and appraisal services, human resource consulting, and retirement services.

Gallagher helps clients address risk, protect assets, and recover from losses, ensuring businesses and institutions continue running smoothly and individuals and families can rebuild their lives. The company’s primary revenue source is its brokerage segment, which negotiates and places its customers with insurance companies providing, among other types, property/casualty and health insurance. Gallagher’s brokerage revenue mainly comes from commissions paid by insurance companies.

Arthur J. Gallagher & Co. is recognized as a World's Most Ethical Company by the Ethisphere Institute. They generate most of their revenue in the United States, with significant contributions from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.

Recent achievements include several strategic acquisitions to expand their market capabilities and service offerings. In early 2024, Gallagher acquired FarmPLUS Insurance Services, John Galt Insurance Agency, Specialty Risk Management Services, and Private Client Insurance Services, enhancing their presence in the agricultural and real estate markets. Additionally, they renewed their global partnership with Special Olympics International, demonstrating their commitment to promoting inclusion and supporting athletes worldwide.

Gallagher's financial condition remains robust, as evidenced by their strong first-quarter performance in 2024. They reported substantial revenue growth and improved net earnings, driven by increased demand for insurance and reinsurance services and successful integration of recent acquisitions.

For the latest updates and news, investors can visit Gallagher's website or contact their Investor Relations and Communications teams.

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Arthur J. Gallagher & Co. (NYSE: AJG) announced the successful closing of its public stock offering, totaling 10,350,000 shares at $142.00 per share. This includes the full exercise of the underwriters' option for an additional 1,350,000 shares. The offering was conducted under an effective shelf registration statement and managed by Morgan Stanley, with several firms acting as co-managers. The funds from this offering are expected to bolster Gallagher's operational capabilities, although the potential for shareholder dilution exists due to the increased share count.

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Arthur J. Gallagher & Co. (NYSE: AJG) priced an offering of 9,000,000 shares of common stock at $142.00 per share. The underwriters have a 30-day option to purchase an additional 1,350,000 shares. The offering is expected to close on May 17, 2021, and the proceeds will help fund the acquisition of Willis Towers Watson's reinsurance and brokerage operations. Closing is not conditioned on the acquisition's completion, which remains uncertain due to regulatory approvals.

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Arthur J. Gallagher & Co. (NYSE: AJG) announced an acquisition of certain reinsurance, specialty, and retail brokerage operations from Willis Towers Watson. The deal, valued at $3.57 billion, is part of a regulatory remedy linked to the Aon and Willis Towers Watson merger and is expected to close in the second half of 2021. This acquisition will enhance Gallagher's global footprint in reinsurance and retail brokerage, adding significant expertise and revenue potential estimated at $1.3 billion. Integration is projected to take three years, with costs estimated at $350 million.

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Arthur J. Gallagher & Co. (NYSE: AJG) announced a public offering of 9,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,350,000 shares. The proceeds will help fund the acquisition of certain Willis Towers Watson reinsurance operations, part of the regulatory remedy for the pending Aon and Willis Towers Watson combination. The offering is not contingent on the completion of the WTW transaction, and there is no guarantee that it will occur.

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Arthur J. Gallagher & Co. has acquired Koff & Associates, a Berkeley-based provider of HR services since 1984. Although the financial terms of the transaction remain undisclosed, the acquisition aims to enhance Gallagher's existing public sector services in California. Koff & Associates specializes in HR offerings including job classification, compliance, and performance management, primarily serving government entities. The team will continue operating under Catherine Kaneko and Georg Krammer, while reporting to Scott Hamilton, global head of Gallagher's Human Resources & Compensation Consulting operations.

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Arthur J. Gallagher & Co. has acquired Total Safety Consulting, LLC (TSC), enhancing its risk management services through Gallagher Bassett. The acquisition includes TSC Training Academy and aims to bolster Gallagher Bassett's construction practice. TSC, founded in 1996, provides safety management and technical training across the Northeastern, Mid-Atlantic, and Southern U.S. Jim and Liz Bifulco will lead the integration within Gallagher Bassett. The financial terms of the transaction have not been disclosed, but it is expected to strengthen Gallagher's position in the safety services market.

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Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Canberra-based Mutual Brokers Pty Ltd on May 3, 2021. This strategic move aims to enhance Gallagher's presence in the Canberra market and expand client offerings. Mutual Brokers, established in 1985, focuses on commercial and small corporate clients. The existing ownership team will transition to Gallagher's Canberra branch under Mark Saunderson's leadership. This acquisition aligns with Gallagher's growth strategy and strengthens its operational capabilities in Australia.

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Arthur J. Gallagher & Co. (AJG) reported strong financial results for Q1 2021, with total revenues increasing to $2.13 billion, a 7% rise year-over-year. Adjusted net earnings reached $626.8 million, up 9%, and diluted EPS grew to $2.02. The company experienced robust organic revenue growth driven by a firm property casualty market and effective cost management, resulting in a net earnings margin of 22.6%. Positive trends in client retention and premium rate increases were also noted. Despite COVID-19 impacts, liquidity remains strong at $1.6 billion.

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Arthur J. Gallagher & Co. (NYSE: AJG) has declared a quarterly cash dividend of $0.48 per share on its Common Stock. This dividend is payable on June 18, 2021, to shareholders recorded as of June 4, 2021. The firm, which is headquartered in Rolling Meadows, Illinois, operates in 56 countries and provides client services across more than 150 countries globally through its extensive network of brokers and consultants.

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Arthur J. Gallagher & Co. (AJG) has announced a strategic partnership with MIG Holding Ltd, acquiring a 30% minority interest in specialist insurance broker ACE. The deal, subject to regulatory approvals, allows Gallagher to enhance its presence in the Middle East and North Africa (MENA) region. ACE operates in seven countries and specializes in sectors such as aviation, real estate, and oil & gas. CEO Patrick Gallagher, Jr. noted significant growth opportunities from this partnership.

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FAQ

What is the current stock price of Arthur J. Gallagher & Co. (AJG)?

The current stock price of Arthur J. Gallagher & Co. (AJG) is $283.1 as of December 20, 2024.

What is the market cap of Arthur J. Gallagher & Co. (AJG)?

The market cap of Arthur J. Gallagher & Co. (AJG) is approximately 70.4B.

What does Arthur J. Gallagher & Co. do?

Arthur J. Gallagher & Co. provides global insurance brokerage, risk management, and consulting services, helping clients address risk, protect assets, and recover from losses.

Where is Arthur J. Gallagher & Co. headquartered?

Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois.

What are the main services offered by Gallagher?

Gallagher offers property and casualty brokerage, alternative risk transfer services, employee benefit consulting, actuarial services, claims management, risk control consulting, human resource consulting, and retirement services.

How does Gallagher generate revenue?

Gallagher's primary revenue source is its brokerage segment, which generates commissions from insurance companies when placing customers with insurance providers.

What recognition has Gallagher received for its ethical practices?

Gallagher is recognized by the Ethisphere Institute as a World's Most Ethical Company.

Which regions contribute significantly to Gallagher's revenue?

Gallagher generates most of its revenue in the United States, with significant contributions from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.

What recent acquisitions has Gallagher made?

In early 2024, Gallagher acquired FarmPLUS Insurance Services, John Galt Insurance Agency, Specialty Risk Management Services, and Private Client Insurance Services.

How does Gallagher support the Special Olympics?

Gallagher has renewed its global partnership with Special Olympics International, supporting sports and athlete programs worldwide.

How was Gallagher's financial performance in the first quarter of 2024?

Gallagher reported strong revenue growth and improved net earnings in the first quarter of 2024, driven by increased demand for insurance services and successful integration of recent acquisitions.

Where can investors find more information about Gallagher?

Investors can visit Gallagher's website or contact their Investor Relations and Communications teams for the latest updates and information.

Arthur J. Gallagher & Co.

NYSE:AJG

AJG Rankings

AJG Stock Data

70.41B
246.99M
1.12%
87.98%
1.26%
Insurance Brokers
Insurance Agents, Brokers & Service
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United States of America
ROLLING MEADOWS