Shares of Arthur J. Gallagher (AJG) have rallied 31.1% year to date (YTD) compared with the industry’s growth of 27.3%. The Finance sector and the Zacks S&P 500 composite have returned 12% and 15%, respectively, in the same time frame. With a market capitalization of $64.55 billion, the average volume of shares traded in the last three months was 0.7 million.AJG Outperforms Industry, Sector & S&P YTDImage Source: Zacks Investment ResearchThe rally was driven by a strong performance of the Brokerage and Risk ...

Core Insights - The 2024 U.S. Career Wellbeing Report by Gallagher emphasizes the critical role of career development opportunities in enhancing employee engagement and retention, with only 35% of employers increasing their focus on this area despite its importance [1][2] - The report highlights a growing recognition among employers of the need for a consistent engagement strategy, with 57% having a formal strategy in place, an increase of 9 percentage points from 2022 [2] - There is a notable gap in employers offering challenging work, with only 19% striving to provide such opportunities, indicating a need for organizations to enhance prospects for increased responsibilities and promotions [3] Employee Engagement and Retention - Support for career development remains a key driver of employee engagement and retention, with 81% of employers now offering service awards or recognition, up from 75% in 2023 [2] - Clear goals and a sense of purpose are essential for motivating employees and enhancing their overall experience [2] Diversity, Equity, and Inclusion (DEI) - There is a growing acknowledgment of the importance of integrating DEI into organizational strategies, with 45% of employers designing initiatives aligned with core values, an increase of 4 percentage points from 2023 [4] - Despite the recognition of DEI's significance, many organizations have yet to fully integrate DEI practices, indicating a gap between intention and action [4][5] Report Overview - The Gallagher 2024 U.S. Career Wellbeing Report is part of the Workforce Trends Report Series, focusing on employee engagement and DEI, based on data from 3,552 organizations across the U.S. [6]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Arthur J. Gallagher (AJG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Arthur J. Gallagher is a member of our Finance group, which includes 860 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the indiv ...

Shares of Arthur J. Gallagher (AJG) rallied 25.1% year to date (YTD) compared with the industry’s growth of 20.2%, the Finance sector’s rise of 7.2% and the Zacks S&P 500 composite’s gain of 11.8%. With a market capitalization of $61.7 billion, the average volume of shares traded in the last three months was 0.9 million.The strong performance of Brokerage and Risk Management segments, strategic buyouts to capitalize on growing market opportunities and effective capital deployment drive this Zacks Rank #2 (B ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

ROLLING MEADOWS, Ill., July 30, 2024 /PRNewswire/ -- Only about half of US employers (52%) say they effectively manage healthcare costs, according to Gallagher's 2024 US Physical & Emotional Wellbeing Report. Several factors appear to contribute to the perception, including the fact that nearly all organizations (92%) experienced health plan premium increases during their most recent renewal. And of those, nearly 1 in 4 (24%) experienced double-digit increases. The Gallagher report, which gathered insights ...

Arthur J. Gallagher (AJG) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Arthur J. Gallagher (AJG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Arthur J. Gallagher is a member of our Finance group, which includes 862 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks S ...

Revenue and Earnings Performance - For the six-month period ended June 30, 2024, approximately 64% of revenues were generated domestically and 36% internationally, with the brokerage and risk management segments contributing approximately 87% and 13% to revenues, respectively [147]. - Brokerage segment revenues for Q2 2024 reached $2,376.3 million, a 14% increase from $2,088.4 million in Q2 2023 [151]. - Organic revenues in the brokerage segment for Q2 2024 were $2,145.9 million, up 7.7% from $1,993.4 million in Q2 2023 [151]. - Net earnings for the total company in Q2 2024 were $332.8 million, reflecting a 15% increase compared to $290.3 million in Q2 2023 [151]. - For the six-month period ended June 30, 2024, total revenues were $5,241.2 million, a 17% increase from $4,463.6 million in the same period of 2023 [153]. - Organic revenues for the six-month period in 2024 were $4,672.4 million, representing an 8.3% increase from $4,313.5 million in 2023 [153]. - Net earnings for the six-month period in 2024 were $985.4 million, a 22% increase from $805.6 million in 2023 [153]. - Total revenues before reimbursements increased to $2,736.0 million, up 13.7% from $2,406.9 million in the same period of 2023 [156]. - The total company reported net earnings for the three-month period ended June 30, 2024, were $285.4 million, compared to $235.8 million in 2023, marking an increase of 21% [156]. - The total company adjusted revenues for the six-month period ended June 30, 2024, were $5,925.7 million, a 17% increase from $5,069.6 million in 2023 [159]. Segment Performance - The risk management segment reported revenues before reimbursements of $358.6 million in Q2 2024, a 13% increase from $318.6 million in Q2 2023 [151]. - The risk management segment accounted for 13% of total revenue during the six-month period ended June 30, 2024, with total revenues of $789.4 million, up from $684.4 million in the same period of 2023 [185][186]. - Adjusted EBITDAC for the brokerage segment in Q2 2024 was $784.8 million, an 18% increase from $665.7 million in Q2 2023 [151]. - The risk management segment, as adjusted for the six-month period ended June 30, 2024, reported net earnings of $94.5 million, with a diluted net earnings per share of $0.42 [162]. Tax and Compensation - The effective tax rate is expected to be approximately 24.5% to 26.5% in the brokerage segment and 25.0% to 27.0% in the risk management segment for the foreseeable future [145]. - The effective income tax rate for both the three and six-month periods ended June 30, 2024, was 25%, down from 26% in the same periods of 2023 [166]. - The effective income tax rate for the brokerage segment was 25.4% for the three-month period and 25.5% for the six-month period ended June 30, 2024, with an anticipated future effective tax rate of approximately 24.5% to 26.5% [183]. - Reported compensation expense for the three-month period ended June 30, 2024, was $1,370.3 million, up from $1,196.4 million in 2023, marking a $173.9 million increase [173]. Organic Growth and Business Generation - Organic revenue growth is viewed as an important indicator for assessing performance in the brokerage and risk management segments [143]. - The company expects strong new business generation and solid retentions to result in further organic growth opportunities globally [149]. - The company anticipates continued strong customer retention and higher new business generation in its property/casualty brokerage operations for the remainder of 2024 [169]. Acquisitions and Capital Expenditures - The company completed twenty-four acquisitions in the six-month period ended June 30, 2024, compared to twenty-five in the same period of 2023 [230]. - Cash paid for acquisitions was $518.6 million in the six-month period ended June 30, 2024, down from $1,049.5 million in the same period of 2023 [230]. - The company expects total capital expenditures for 2024 to be approximately $150.0 million, focusing on office moves and IT software development projects [229]. Financial Position and Cash Flow - The company had a cash and cash equivalent balance of $1,415.3 million as of June 30, 2024 [232]. - Cash provided by operating activities increased to $908.8 million for the six-month period ended June 30, 2024, up from $440.9 million in 2023, indicating significant growth in core operations [224]. - The company believes it has sufficient capital and access to additional capital to meet its short- and long-term cash flow needs [251]. Market Risks and Foreign Currency - The company is exposed to foreign currency exchange rate risks from various international operations, including those in the U.K., Australia, Canada, and India [259]. - The company manages foreign currency risks by matching foreign liabilities with equal foreign assets to minimize currency fluctuation effects [259]. - A 10% adverse change in foreign currency exchange rates would increase earnings before income taxes by approximately $41.1 million, while a favorable change would decrease it by approximately $44.3 million [259].