Arthur J. Gallagher & Co Stock Price, News & Analysis

Arthur J. Gallagher & Co. has acquired Bellevue, Washington-based Hawley & Associates, LLC, expanding its expertise in specialized insurance services for the adoption, foster care, and child welfare sectors. Founded in 2005, Hawley & Associates has broadened its services to cater to both nonprofit and for-profit organizations with U.S. and international operations. Phil Hawley and team will remain in their current location under Jim Buckley's leadership. The terms of the acquisition were not disclosed, but it enhances Gallagher's capabilities in the nonprofit and social services market.

Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on March 16, 2022, from 8:00 a.m. to 10:30 a.m. CT. This meeting will be conducted virtually via conference call, where company leaders will discuss business operations and financial outlook. The live broadcast can be accessed on Gallagher's website, with a replay available until March 23. Additional meeting materials will be released on March 16 at 7:30 a.m. CT.

Mondee Inc. has formed a strategic partnership with Arthur J. Gallagher & Co. (NYSE: AJG) to enhance access to its subscription-based business travel platform, TripPlanet, for over 287,000 businesses. TripPlanet provides improved rates for flights and hotels and features that benefit small and medium-sized enterprises. With more than 4 million users since its 2021 launch, Mondee aims to leverage this partnership to expand growth and efficiency in business travel services, ultimately supporting its upcoming merger with ITHAX Acquisition Corp. (NASDAQ: ITHX) expected in H1 2022.

Arthur J. Gallagher & Co. (NYSE: AJG) has acquired Devitt Insurance Services Limited, a UK-based insurance broker specializing in motorcycle and motorhome insurance. Founded in 1936, Devitt serves around 130,000 customers with a team of 130 employees. The acquisition, terms undisclosed, is expected to enhance Gallagher's UK Retail niche practices and digital capabilities. The existing management team will continue operations under Gallagher's direction, which reflects synergy and potential for market expansion.

Arthur J. Gallagher & Co. (AJG) reported strong financial results for Q4 and the full year ending December 31, 2021. Q4 revenues were $1.941 billion, up from $1.664 billion YoY. Net earnings decreased to $120.9 million (from $153.1 million) but adjusted net earnings grew to $219.8 million, from $184.7 million. Key highlights include 18% revenue growth in core brokerage and risk management segments and the completion of 18 mergers. For 2021, total revenues reached $8.076 billion, with adjusted net earnings of $1.184 billion, illustrating a robust performance despite pandemic-related challenges.

Arthur J. Gallagher & Co. (NYSE: AJG) has declared a quarterly cash dividend of $0.51 per share, reflecting a $0.03 increase from the previous quarter. The dividend will be paid on March 18, 2022 to stockholders of record as of March 4, 2022. This announcement demonstrates the company's ongoing commitment to returning value to its shareholders.