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Arthur J. Gallagher & Co. - AJG STOCK NEWS

Welcome to our dedicated news page for Arthur J. Gallagher & Co. (Ticker: AJG), a resource for investors and traders seeking the latest updates and insights on Arthur J. Gallagher & Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Arthur J. Gallagher & Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Arthur J. Gallagher & Co.'s position in the market.

Rhea-AI Summary
Arthur J. Gallagher & Co. (AJG) reported its Q4 2023 financial results, showing a 20% revenue growth in core brokerage and risk management segments. The company completed 14 new mergers with estimated annualized revenues of $410 million. Global primary P/C renewal premium increases were around 8.5%, and the US labor market showed continued growth. The CEO expressed satisfaction with the company's 2023 performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
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Rhea-AI Summary
Arthur J. Gallagher & Co. (AJG) has announced a 60 cents per share quarterly cash dividend, a $0.05 increase over the prior quarter's dividend. The dividend will be payable on March 15, 2024, to Stockholders of Record as of March 1, 2024. Gallagher is a global insurance brokerage, risk management, and consulting services firm, operating in approximately 130 countries worldwide.
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End-of-Day
-0.55%
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dividends
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Rhea-AI Summary
Arthur J. Gallagher & Co. has acquired The Rowley Agency, LLC, a retail insurance broker based in Concord, New Hampshire. The terms of the acquisition were not disclosed. The Rowley Agency provides property/casualty, surety, and employee benefits products to clients in New Hampshire, Vermont, Maine, and Massachusetts. The acquisition is expected to enhance Gallagher's capabilities in construction, manufacturing, and healthcare niches in New England.
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Rhea-AI Sentiment
End-of-Day
1.27%
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Rhea-AI Summary
Arthur J. Gallagher & Co. has announced the acquisition of MGB Re, a Toronto-based reinsurance company specializing in the U.S. medical sector. The terms of the transaction were not disclosed. The acquisition is expected to accelerate the growth of Gallagher Re's medical reinsurance business and expand its service offerings. The leadership team of MGB will operate under the direction of Gallagher Re's Eastern Region Manager and Life, Accident and Health Segment Leader. The company operates in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
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Rhea-AI Summary
Arthur J. Gallagher & Co. (NYSE:AJG) announces acquisition of UK-based MCMM Services Limited, expanding education specialist capabilities. The terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer that offers staff absence insurance to UK state schools and academies. Les Marshall and his team will operate as part of Gallagher's education practice under the leadership of Tim Devine, Regional Managing Director.
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Rhea-AI Sentiment
End-of-Day
0.8%
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Rhea-AI Summary
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Cologne, Germany-based Köberich Financial Lines, an insurance broker specializing in financial lines products. The terms of the transaction were not disclosed. This acquisition is a strategic fit for Gallagher as they continue to expand in Europe, complementing their existing financial lines expertise. The company operates in approximately 130 countries worldwide and provides insurance brokerage, risk management, and consulting services.
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Rhea-AI Sentiment
End-of-Day
1.58%
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Arthur J. Gallagher & Co. (NYSE: AJG) will release its fourth quarter 2023 earnings after the market closes on Thursday, January 25, 2024. J. Patrick Gallagher, Jr., Chairman and CEO, will host a conference call on the same day at 5:15 pm ET/4:15 pm CT. Gallagher is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, providing services in approximately 130 countries.
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Rhea-AI Sentiment
End-of-Day
-0.27%
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Transamerica (TAC) to Serve as Recordkeeper for Gallagher's 401(k) Choice Pooled Solutions. Transamerica, a leading retirement and life insurance company, has been selected as the recordkeeper for Gallagher's new 401(k) Choice Pooled Solutions. This strategic move offers small and large employers the choice to join the group retirement plans or a pooled employer plan, marking a significant milestone in the employee benefits industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.41%
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Rhea-AI Summary
Buck, a Gallagher company (Ticker: BUCK), has published the 45th National Healthcare Trend Survey, revealing that medical trends are rising higher than the rate of inflation due to increased diagnostic testing, advances in medical technology, and treatments. The survey predicts even higher medical trend factors in the future, influenced by providers renegotiating higher fees with insurers, and other changes in the healthcare industry. Key findings include health insurers and administrators reporting medical trend factors varying by plans, averaging 6.8% to 7.3%, and a weighted average prescription drug trend of 9.8%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
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none
Rhea-AI Summary
Arthur J. Gallagher & Co. (AJG) has announced the acquisition of My Plan Manager Group Pty Ltd (My Plan Manager) by its subsidiary Gallagher Bassett. My Plan Manager is a leading provider of plan management services to participants in Australia's National Disability Insurance Scheme. The terms of the transaction were not disclosed. My Plan Manager has shown significant growth since its founding in 2014 and will now operate under the direction of Pete Nicholson, head of Gallagher Bassett's Australian operations.
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Rhea-AI Sentiment
End-of-Day
-0.04%
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Arthur J. Gallagher & Co.

NYSE:AJG

AJG Rankings

AJG Stock Data

50.52B
213.78M
1.14%
86.98%
0.91%
Insurance Agencies and Brokerages
Finance and Insurance
Link
US
New York

About AJG

gallagher, a global insurance brokerage and risk management services firm, helps clients address risk, protect assets and recover from losses. the products and services we provide keep businesses and institutions running, and enable individuals and families to rebuild their lives. gallagher is the only insurance broker recognized by the ethisphere institute as a world's most ethical company. gallagher provides retail and wholesale property and casualty brokerage, alternative risk transfer services, employee benefit consulting, and actuarial services. gallagher also offers claims and information management, risk control consulting and appraisal services, human resource consulting, and retirement services. find us on social media: facebook: http://www.facebook.com/lifeatgallagher instagram: http://instagram.com/lifeatgallagher twitter: https://twitter.com/lifeatgallagher or http://twitter.com/ajgcorporate