In recent news, Arthur J. Gallagher & Co. (AJG) has posted strong Q1 2025 earnings, surpassing estimates and marking a revenue of US$3,315 million. The earnings growth resulted in an analyst raising the company's price target to $315. Significant increases to the company's quarterly profit have been credited to higher commissions and fees.
On the acquisitions front, AJG has been very active, strengthening its presence in various regions. Among the acquired companies are Woodruff Sawyer, First Capi, Bircroft Insurance Services, and Litchfield Special Risks, Inc. In a major transaction worth $13.5 billion, AJG secured AssuredPartners to bolster its insurance broker business, although the deal is currently under regulatory review. Additional acquisitions were made in the Asia-Pacific region, the UK and the southwest.
Despite reported insider hesitancy that saw sales of US$27m Of shares, AJG is still seen as a top insurance stock choice according to Hedge Funds and Citadel Investment Group. Ahead of the next week's earnings release, expectations are set for further growth. Lastly, the regular second quarter dividend has been set at $0.65 per share.
Arthur J Gallagher AJG News Analytics from Wed, 02 Oct 2024 07:00:00 GMT to Sat, 03 May 2025 12:21:55 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor -1
