Welcome to our dedicated page for Arthur J. Gallagher & Co news (Ticker: AJG), a resource for investors and traders seeking the latest updates and insights on Arthur J. Gallagher & Co stock.
Arthur J. Gallagher & Co. (NYSE: AJG) is a global leader in insurance brokerage and risk management services, serving clients across 130+ countries. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, strategic initiatives, and market positioning.
Access timely AJG press releases covering earnings reports, merger & acquisition activity, leadership changes, and regulatory filings. Our curated collection simplifies tracking of the company’s expansion in wholesale brokerage, employee benefits consulting, and specialty risk solutions.
Key updates include operational milestones, partnership announcements, and industry recognition relevant to Gallagher’s core segments: retail/wholesale brokerage, risk management services, and consulting operations. Stay informed about strategic acquisitions that enhance the company’s global capabilities in property/casualty insurance and alternative risk transfer markets.
Bookmark this page for direct access to primary source materials and analysis-neutral reporting on AJG’s financial performance and corporate governance. Regularly updated to serve as your definitive resource for understanding Gallagher’s market position in the evolving insurance sector.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold a management meeting on December 13, 2022, in New York City, from 9:00 a.m. to 12:00 p.m. ET. Company leaders will discuss operational and financial outlooks and engage with attendees. A live audio webcast will be available, and a replay can be accessed until December 20, 2022. Relevant materials will be posted on the company's website on December 13 at 8:45 a.m. ET. Gallagher is an international insurance brokerage and consulting firm headquartered in Rolling Meadows, Illinois.
Arthur J. Gallagher & Co. announced the acquisition of Bulen & Associates Insurance Services, a retail property/casualty insurance agency based in Murrieta, California. While the transaction terms were not disclosed, the integration aims to enhance Gallagher's presence in southern California, leveraging Bulen's community roots and strong client relationships. Lisa Mosby and her team will continue operations under Gallagher's leadership, indicating a strategic move to strengthen Gallagher's retail brokerage capabilities and expand their market reach.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a renewal of its equity financing program to support acquisitions. The company filed a shelf registration statement for 7.0 million shares, adding to the existing 2.0 million shares available from a previous statement. Additionally, Gallagher established an at-the-market equity program to sell up to 3.0 million shares, with proceeds aimed at funding future acquisitions and general corporate purposes. These actions complement a $1.5 billion stock repurchase authorization, providing flexibility in capital management.
On November 2, 2022, Arthur J. Gallagher announced the acquisition of Tejas American General Agency (TAGA), a Texas-based managing general agency specializing in commercial, farm, and personal insurance products. The acquisition is expected to enhance Gallagher's growth opportunities in Texas. Key executives from TAGA will continue to operate under Risk Placement Services, Inc., a division of Gallagher, under the direction of Kevin Doyle. The transaction terms remain undisclosed, with Gallagher emphasizing TAGA's strong culture and expertise as assets for future expansion.
Arthur J. Gallagher & Co. has successfully completed the acquisition of MT Insurance Agency, Inc., based in Buffalo, New York, and an indirect subsidiary of M&T Bank Corporation. The terms of the transaction were not disclosed. Following this acquisition, Gallagher will serve as the preferred insurance broking partner for M&T Bank, enhancing its position in the insurance market. Gallagher, a global leader in insurance brokerage and risk management services, operates in approximately 130 countries and aims to leverage this acquisition to expand its market offerings.
Arthur J. Gallagher & Co. (NYSE: AJG) reported strong third-quarter results for 2022, with total revenues of $2.01 billion, a 5.7% decrease year-over-year. Adjusted net earnings grew 2.8% to $370.8 million, translating to $1.72 per share. Revenue from the Brokerage segment increased 15% to $1.74 billion, while Risk Management revenue rose 5.5% to $275.5 million. Year-to-date, revenues surged 22% to $6.42 billion, with adjusted EPS up 13.1% to $6.22. The company's optimistic outlook is supported by a 10.5% increase in global premium rates.
Arthur J. Gallagher & Co. (NYSE: AJG) has declared a quarterly cash dividend of $0.51 per share on its common stock. This dividend will be payable on December 16, 2022 to stockholders of record as of December 2, 2022. Headquartered in Rolling Meadows, Illinois, Gallagher operates in around 130 countries, providing insurance brokerage, risk management, and consulting services through owned operations and a network of correspondent brokers.
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