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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 ...
Arthur J. Gallagher (AJG) Moves to Buy: Rationale Behind the Upgrade
ZACKS· 2024-07-29 17:00
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 ...
Is Arthur J. Gallagher & Co. (AJG) Outperforming Other Finance Stocks This Year?
ZACKS· 2024-07-29 14:40
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 ...
Arthur J. Gallagher & (AJG) - 2024 Q2 - Quarterly Report
2024-07-26 20:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-09761 ARTHUR J. GALLAGHER & CO. (Exact name of registrant as specified in its charter) Delaware 36-2151613 (State or other jurisdi ...
Arthur J. Gallagher (AJG) Q2 Earnings Beat Estimates, Rise Y/Y
ZACKS· 2024-07-26 15:11
Arthur J. Gallagher & Co. (AJG) reported second-quarter 2024 adjusted net earnings of $2.26 per share, which beat the Zacks Consensus Estimate by 0.8%. The bottom line increased 19.5% on a year-over-year basis.The quarter’s results overall benefited from adjusted EBITDAC margin expansion across the Brokerage and Risk Management segments and higher commissions, fees and supplemental, contingent revenues, premium finance revenues and other income, partly offset by an elevated overall expense level.Operational ...
Arthur J. Gallagher & (AJG) - 2024 Q2 - Earnings Call Transcript
2024-07-26 02:20
Arthur J. Gallagher & Co. (NYSE:AJG) Q2 2024 Earnings Conference Call July 25, 2024 5:15 PM ET Company Participants J. Patrick Gallagher - Chairman and Chief Executive Officer Douglas Howell - Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Michael Zaremski - BMO Capital Markets Gregory Peters - Raymond James & Associates, Inc. David Motemaden - Evercore ISI Mark Hughes - Truist Securities Robert Cox - Goldman Sachs Group, Inc. Michael Ward - Citigroup Inc. Grace Carter - ...
Arthur J. Gallagher (AJG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-26 01:00
For the quarter ended June 2024, Arthur J. Gallagher (AJG) reported revenue of $2.74 billion, up 13.7% over the same period last year. EPS came in at $2.26, compared to $1.90 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.76 billion, representing a surprise of -0.73%. The company delivered an EPS surprise of +0.89%, with the consensus EPS estimate being $2.24.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...
Arthur J. Gallagher (AJG) Beats Q2 Earnings Estimates
ZACKS· 2024-07-25 22:25
Arthur J. Gallagher (AJG) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.24 per share. This compares to earnings of $1.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.89%. A quarter ago, it was expected that this insurance and risk-management company would post earnings of $3.40 per share when it actually produced earnings of $3.49, delivering a surprise of 2.65%.Over the l ...
Arthur J. Gallagher & (AJG) - 2024 Q2 - Quarterly Results
2024-07-25 20:26
Exhibit 99.1 NEWS RELEASE ARTHUR J. GALLAGHER & CO. ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS ROLLING MEADOWS, IL, July 25, 2024 — Arthur J. Gallagher & Co. (NYSE: AJG) today reported its financial results for the quarter ended June 30, 2024. Management will host a webcast conference call to discuss these results on Thursday, July 25, 2024 at 5:15 p.m. ET/4:15 p.m. CT. To listen to the call, and for printer-friendly formats of this release and the "CFO Commentary" and "Supplemental Quarterly Data," wh ...