Arthur J. Gallagher & Co. (AJG) announced that Risk Placement Services, Inc., its U.S. wholesale brokerage, binding authority and programs division, acquired CCI Surety, Inc. The acquisition will consolidate the acquirer’s presence in wholesale surety and boost its portfolio.Golden Valley, MN-based CCI Surety is a managing general underwriter specializing in wholesale contract and commercial surety bonds for retail agents throughout the United States.Arthur J. Gallagher has an impressive inorganic story wit ...

ROLLING MEADOWS, Ill., May 23, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota-based CCI Surety, Inc. Terms of the transaction were not disclosed. Founded by Michael Williams and led by Jeremy Crawford, CCI Surety is a managing general underwriter (MGU) specializing in wholesale contract and commercial surety bonds for retail agents throughout ...

Shares of Arthur J. Gallagher & Co. (AJG) have gained 14.7% year to date, compared with the industry’s increase of 10.2%, the Finance sector’s rise of 5.8% and the Zacks S&P 500 composite’s gain of 12.1%. With a market capitalization of $56.3 billion, the average volume of shares traded in the last three months was 0.8 million.Continued strong performance of its Brokerage and Risk Management segments, strategic buyouts to capitalize on growing market opportunities and effective capital deployment should con ...

ROLLING MEADOWS, Ill., May 13, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Cedar Rapids, Iowa-based Acumen Advisors, Inc. (Acumen). Terms of the transaction were not disclosed. Acumen is an employee benefits consultant serving small and mid-size businesses throughout Iowa. Andrew Morf, Kirby Moss and their team will remain in their current locations under the direction of Tom Lannen, head of Gallagher's Midwest region employee benefits consulting operations. "Acumen is ...

MoMo Productions/DigitalVision via Getty Images Investment summary My recommendation for Arthur J. Gallagher (NYSE:AJG) is a buy rating. I believe the current macro situation (strong US economy and high-for-longer interest rates) is favorable for AJG, and it should be able to grow organically at similar strength seen in 1Q24. AJG balance sheet also remains strong, which enables it to continue acquiring targets to grow. Business Overview AJG provides insurance brokerage and risk management services, with ...

ROLLING MEADOWS, Ill., May 6, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA). Terms of the transaction were not disclosed. HICA is a specialist health insurance consultancy and brokerage firm serving corporate clients, small and medium-sized businesses, professional groups and associations in Australia for more than 30 years. HICA founder Suzanne Still, Jethro Still and their team will remain in their ...

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 March 31, 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 jurisd ...

Arthur J. Gallagher & Co. (AJG) reported first-quarter 2024 adjusted net earnings of $3.49 per share, which beat the Zacks Consensus Estimate by 2.6%. Moreover, the bottom line increased 15.5% on a year-over-year basis.Total revenues were $3.2 billion, up 20.3% year over year, primarily driven by higher commissions, fees and supplemental, contingent revenues and interest income, premium finance revenues, and other income. Moreover, the top line beat the Zacks Consensus Estimate by 2%.The quarter’s results o ...

Arthur J. Gallagher & Co. (NYSE:AJG) Q1 2024 Earnings Conference Call April 25, 2024 5:15 PM ET Company Participants J. Patrick Gallagher - Chairman and Chief Executive Officer Doug Howell - Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Mike Zaremski - BMO Capital Markets David Motemaden - Evercore ISI Mark Hughes - Truist Securities Katie Sakys - Autonomous Research Yaron Kinar - Jefferies Meyer Shields - KBW Rob Cox - Goldman Sachs Mike Ward - Citi Operator Good aftern ...

For the quarter ended March 2024, Arthur J. Gallagher (AJG) reported revenue of $3.22 billion, up 20.4% over the same period last year. EPS came in at $3.49, compared to $3.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.15 billion, representing a surprise of +2.07%. The company delivered an EPS surprise of +2.65%, with the consensus EPS estimate being $3.40.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...