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Arthur J. Gallagher & Co. Announces Third Quarter 2024 Earnings Release And Conference Call Date
Prnewswire· 2024-10-03 20:15
Group 1 - Arthur J. Gallagher & Co. will release its third quarter 2024 earnings after the market closes on October 24, 2024 [1] - 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 [1] - The conference call will be broadcast live on Gallagher's website, with a replay available approximately two hours after the broadcast [1] Group 2 - Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois [2] - The company operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants [2]
Arthur J. Gallagher Boosts Portfolio With Risk International
ZACKS· 2024-10-03 13:55
Group 1: Acquisition and Growth Strategy - Arthur J. Gallagher & Co. (AJG) acquired RIBV Holdings, LLC, doing business as Risk International, enhancing its advisory expertise and client relationships [1] - AJG has a strong merger pipeline with 60 term sheets signed or being prepared, representing approximately $550 million of annualized revenues [2] - The company expects an M&A capacity of $3.5 billion in 2024 and another $4 billion in 2025 without using any equity [2] Group 2: Financial Performance - AJG's shares have gained 27.1% year to date, compared to the industry's growth of 31.7% [4] - The company reported 24 new brokerage mergers in the first half of 2024, totaling $141.2 million of estimated annualized revenues [2] Group 3: Long-term Strategies - AJG's long-term growth strategies focus on organic revenue improvement and strategic mergers and acquisitions [3] - The company aims to enhance productivity and quality, which should contribute to strong future performance [3]
Arthur J. Gallagher & Co. Acquires Risk International
Prnewswire· 2024-10-02 17:15
ROLLING MEADOWS, Ill., Oct. 2, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its alternative risk and capital solutions subsidiary, Artex, has acquired Fairlawn, Ohio-based RIBV Holdings, LLC, and its subsidiaries, collectively doing business as Risk International. Terms of the transaction were not disclosed.Risk International provides outsourced risk management and employee benefits advisory services for private equity and corporate clients across the US. The Risk International team, ...
Arthur J. Gallagher Stock Rallies 31.1% YTD: More Room for Upside?
ZACKS· 2024-09-12 13:25
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 ...
Gallagher Study Finds Career Development as a Top Factor in Employee Engagement and Retention
Prnewswire· 2024-09-05 13:00
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]
Are You Looking for a Top Momentum Pick? Why Arthur J.
ZACKS· 2024-08-19 17:01
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 ...
Is Arthur J. Gallagher & Co. (AJG) Stock Outpacing Its Finance Peers This Year?
ZACKS· 2024-08-14 14:41
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 ...
Arthur J. Gallagher (AJG) Gains 25% YTD: More Upside Left?
ZACKS· 2024-08-12 16:47
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 ...
Arthur J. Gallagher (AJG) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-07-30 17:00
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 ...
GLP-1s, Surging Medical Costs Have Employers Taking a Hard Look at the Return on Investment
Prnewswire· 2024-07-30 13:00
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 ...