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

Arthur J. Gallagher & Co. announced the acquisition of Erin P. Collins & Associates, Inc. (ECA), based in Kingman, Arizona. The transaction's terms were not disclosed. Founded in 1994, ECA specializes in employee benefits and workplace wellbeing consultancy throughout Arizona. Erin Collins and his team will continue to operate under Gallagher's Southwest region. This acquisition aligns with Gallagher's health and welfare strategy, enhancing its benefits capabilities in the Southwest and providing unique cross-selling opportunities.

Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of The Kirksey Agency, Inc., based in West Monroe, Louisiana, which has a strong focus on crop insurance. Founded in 1980, The Kirksey Agency has recently expanded its product offerings to include various commercial and personal services throughout the South Central United States. Bill and Grace Kirksey will maintain their roles under Gallagher's Mid-South region management. This acquisition is expected to enhance Gallagher's agricultural capabilities and client offerings in the region.

Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on September 16, 2020, from 8:00 a.m. CT to 10:30 a.m. CT. The meeting will occur via a virtual conference call, where company leaders will discuss business operations and financial outlook, followed by a Q&A session with investors. The call can be accessed live on Gallagher's website, with a replay available until September 25, 2020. Relevant information will be released on the meeting day at 7:30 a.m. CT.

Arthur J. Gallagher & Co. (AJG) has acquired Insight Insurance & Risk Management Ltd., a retail insurance broker based in Edmonton, Alberta. Although the terms of the transaction remain undisclosed, Insight, founded in 2013, serves a diverse clientele primarily in Western Canada, with expertise in construction, real estate, hospitality, and sports. The Insight team will continue operations under Gallagher's leadership, enhancing its client base and capabilities in key sectors. This acquisition aligns with Gallagher's strategy to expand its global footprint in the insurance brokerage market.

Arthur J. Gallagher & Co. (AJG) reported strong financial results for Q2 2020, with revenues of $1.55 billion, down from $1.62 billion in Q2 2019. Notably, diluted EPS improved to $0.79 from $0.58. The Brokerage segment saw a 6% revenue increase, while Risk Management revenue slightly decreased by 9.6%. Despite COVID-19 challenges, the company maintained robust expense control, leading to a net earnings increase of 33% to $161.8 million. Management remains confident in future growth with M&A activity expected to ramp up, alongside cost-saving measures projected to yield up to $70 million in savings per quarter.

Arthur J. Gallagher & Co. (NYSE: AJG) has declared a quarterly cash dividend of $0.45 per share on its Common Stock. This dividend is set to be payable on September 18, 2020, to stockholders of record as of September 4, 2020. The company, headquartered in Rolling Meadows, Illinois, operates in 49 countries and provides services in over 150 countries globally, making it a significant player in the insurance brokerage and risk management sector.

Arthur J. Gallagher & Co. (NYSE: AJG) announced it will release its second quarter 2020 earnings after the market closes on July 30, 2020. A conference call hosted by J. Patrick Gallagher, Jr., Chairman, President, and CEO, will take place on the same day at 5:15 PM ET. Interested parties can listen to the live call through the company's website, with a replay available shortly after. Gallagher operates in 49 countries, providing insurance brokerage and risk management services globally.

Arthur J. Gallagher & Co. (AJG) announced the acquisition of Meridian, Idaho-based Cunnington & Associates, Inc., a full-service insurance agency established in 2005. The transaction aims to enhance Gallagher's presence in the Northwest and expand cross-selling opportunities, particularly with employee benefits. Cunnington & Associates specializes in risk management and services for sectors including agriculture, construction, and healthcare. The terms of the transaction remain undisclosed, and the Cunnington team will continue to operate under Gallagher's regional management.