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Arthur J. Gallagher & Co. - AJG STOCK NEWS

Welcome to our dedicated page for Arthur J. Gallagher & Co. news (Ticker: AJG), a resource for investors and traders seeking the latest updates and insights on Arthur J. Gallagher & Co. stock.

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.

News

Arthur J. Gallagher & Co. Acquires Horak Insurance, Inc.

Rhea-AI Summary
Arthur J. Gallagher & Co. announced the acquisition of Horak Insurance, Inc., a retail property/casualty insurance agency in Iowa. The terms of the transaction were not disclosed. This acquisition provides significant growth opportunities for the business in Iowa. The company is a global insurance brokerage, risk management, and consulting services firm, operating in approximately 130 countries worldwide. The acquisition is expected to have a positive impact on the company's operations and expansion in the Midwest region.
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Cadence Bank Announces Fourth Quarter 2023 and Annual Financial Results

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Cadence Bank (NYSE: CADE) announced strong financial results for the quarter and year ended December 31, 2023. The company achieved net income of $532.8 million and reported adjusted net income of $401.2 million from continuing operations. The sale of Cadence Insurance to Arthur J. Gallagher & Co. generated approximately $620 million in net capital creation. The company executed a securities portfolio restructuring, improving net interest margin and profitability. The company reported quarterly net income of $256.7 million and adjusted net income of $72.7 million. The net interest margin improved to 3.04% from 2.98% for the third quarter of 2023. Total loans remained flat at $32.5 billion, while deposit balances increased by $161.3 million. The Common Equity Tier 1 ratio improved by 130 basis points to 11.6%, and the Total Capital ratio improved by 140 basis points to 14.3%. The company's strong balance sheet liquidity was maintained with a loan-to-deposit ratio of 84.4% at December 31, 2023.
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Arthur J. Gallagher & Co. Acquires Forest Insurance Facilities

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Arthur J. Gallagher & Co. has acquired Forest Insurance Facilities, a commercial lines wholesale insurance broker and managing general agency (MGA) serving clients throughout Louisiana. The terms of the transaction were not disclosed. This acquisition will enhance Gallagher's wholesale capabilities in the region, and the Forest Insurance Facilities team will continue to operate under the direction of Laura Allen, head of RPS's Southeast region binding operations.
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Arthur J. Gallagher & Co. Announces Fourth Quarter and Full Year 2023 Financial Results

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Arthur J. Gallagher & Co. (AJG) reported its Q4 2023 financial results, showing a 20% revenue growth in core brokerage and risk management segments. The company completed 14 new mergers with estimated annualized revenues of $410 million. Global primary P/C renewal premium increases were around 8.5%, and the US labor market showed continued growth. The CEO expressed satisfaction with the company's 2023 performance.
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Arthur J. Gallagher & Co. Increases Cash Dividend to $0.60 per Share

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Arthur J. Gallagher & Co. (AJG) has announced a 60 cents per share quarterly cash dividend, a $0.05 increase over the prior quarter's dividend. The dividend will be payable on March 15, 2024, to Stockholders of Record as of March 1, 2024. Gallagher is a global insurance brokerage, risk management, and consulting services firm, operating in approximately 130 countries worldwide.
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Arthur J. Gallagher & Co. Acquires The Rowley Agency, LLC

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Arthur J. Gallagher & Co. has acquired The Rowley Agency, LLC, a retail insurance broker based in Concord, New Hampshire. The terms of the acquisition were not disclosed. The Rowley Agency provides property/casualty, surety, and employee benefits products to clients in New Hampshire, Vermont, Maine, and Massachusetts. The acquisition is expected to enhance Gallagher's capabilities in construction, manufacturing, and healthcare niches in New England.
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Arthur J. Gallagher & Co. Acquires MGB Re

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Arthur J. Gallagher & Co. has announced the acquisition of MGB Re, a Toronto-based reinsurance company specializing in the U.S. medical sector. The terms of the transaction were not disclosed. The acquisition is expected to accelerate the growth of Gallagher Re's medical reinsurance business and expand its service offerings. The leadership team of MGB will operate under the direction of Gallagher Re's Eastern Region Manager and Life, Accident and Health Segment Leader. The company operates in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
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Arthur J. Gallagher & Co. Acquires MCMM Services Limited

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Arthur J. Gallagher & Co. (NYSE:AJG) announces acquisition of UK-based MCMM Services Limited, expanding education specialist capabilities. The terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer that offers staff absence insurance to UK state schools and academies. Les Marshall and his team will operate as part of Gallagher's education practice under the leadership of Tim Devine, Regional Managing Director.
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Arthur J. Gallagher & Co. Acquires Köberich Financial Lines

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Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Cologne, Germany-based Köberich Financial Lines, an insurance broker specializing in financial lines products. The terms of the transaction were not disclosed. This acquisition is a strategic fit for Gallagher as they continue to expand in Europe, complementing their existing financial lines expertise. The company operates in approximately 130 countries worldwide and provides insurance brokerage, risk management, and consulting services.
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Arthur J. Gallagher & Co. Announces Fourth Quarter 2023 Earnings Release And Conference Call Date

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Arthur J. Gallagher & Co. (NYSE: AJG) will release its fourth quarter 2023 earnings after the market closes on Thursday, January 25, 2024. J. Patrick Gallagher, Jr., Chairman and CEO, will host a conference call on the same day at 5:15 pm ET/4:15 pm CT. Gallagher is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, providing services in approximately 130 countries.
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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 $294.58 as of November 15, 2024.

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

The market cap of Arthur J. Gallagher & Co. (AJG) is approximately 64.5B.

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.

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Arthur J. Gallagher & Co.

NYSE:AJG

AJG Rankings

#215 Ranked by Market Cap
#1895 Ranked by Dividends

AJG Stock Data

64.51B
219.40M
1.12%
88.46%
1.29%
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