ValleraTo/iStock via Getty Images In my 10 Dividend Growth Stocks series, I rank a selection of Dividend Radar stocks and present the ten top-ranked stocks for further research and possible investment. Dividend Radar is a weekly automatically generated spreadsheet of dividend growth [DG] stocks with dividend increase streaks of five or more years. To look for interesting candidates, I apply different screens every month to highlight various aspects of dividend growth investing. This month, I'm presenti ...

Arthur J. Gallagher & Co. (AJG) announced that Risk Placement Services, Inc., its U.S. wholesale brokerage, binding authority and programs division, acquired CCI Surety, Inc. The acquisition will consolidate the acquirer’s presence in wholesale surety and boost its portfolio.Golden Valley, MN-based CCI Surety is a managing general underwriter specializing in wholesale contract and commercial surety bonds for retail agents throughout the United States.Arthur J. Gallagher has an impressive inorganic story wit ...

ROLLING MEADOWS, Ill., May 23, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota-based CCI Surety, Inc. Terms of the transaction were not disclosed. Founded by Michael Williams and led by Jeremy Crawford, CCI Surety is a managing general underwriter (MGU) specializing in wholesale contract and commercial surety bonds for retail agents throughout ...

Shares of Arthur J. Gallagher & Co. (AJG) have gained 14.7% year to date, compared with the industry’s increase of 10.2%, the Finance sector’s rise of 5.8% and the Zacks S&P 500 composite’s gain of 12.1%. With a market capitalization of $56.3 billion, the average volume of shares traded in the last three months was 0.8 million.Continued strong performance of its Brokerage and Risk Management segments, strategic buyouts to capitalize on growing market opportunities and effective capital deployment should con ...

ROLLING MEADOWS, Ill., May 13, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Cedar Rapids, Iowa-based Acumen Advisors, Inc. (Acumen). Terms of the transaction were not disclosed. Acumen is an employee benefits consultant serving small and mid-size businesses throughout Iowa. Andrew Morf, Kirby Moss and their team will remain in their current locations under the direction of Tom Lannen, head of Gallagher's Midwest region employee benefits consulting operations. "Acumen is ...

MoMo Productions/DigitalVision via Getty Images Investment summary My recommendation for Arthur J. Gallagher (NYSE:AJG) is a buy rating. I believe the current macro situation (strong US economy and high-for-longer interest rates) is favorable for AJG, and it should be able to grow organically at similar strength seen in 1Q24. AJG balance sheet also remains strong, which enables it to continue acquiring targets to grow. Business Overview AJG provides insurance brokerage and risk management services, with ...

ROLLING MEADOWS, Ill., May 6, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA). Terms of the transaction were not disclosed. HICA is a specialist health insurance consultancy and brokerage firm serving corporate clients, small and medium-sized businesses, professional groups and associations in Australia for more than 30 years. HICA founder Suzanne Still, Jethro Still and their team will remain in their ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-09761 ARTHUR J. GALLAGHER & CO. (Exact name of registrant as specified in its charter) Delaware 36-2151613 (State or other jurisd ...

Arthur J. Gallagher & Co. (AJG) reported first-quarter 2024 adjusted net earnings of $3.49 per share, which beat the Zacks Consensus Estimate by 2.6%. Moreover, the bottom line increased 15.5% on a year-over-year basis.Total revenues were $3.2 billion, up 20.3% year over year, primarily driven by higher commissions, fees and supplemental, contingent revenues and interest income, premium finance revenues, and other income. Moreover, the top line beat the Zacks Consensus Estimate by 2%.The quarter’s results o ...

财务数据和关键指标变化 - 公司合并经纪和风险管理业务实现20%收入增长,连续13个季度实现两位数增长,其中有机增长9.4%,维珍收购带来约2.5亿美元的滚动收入 [6] - 报告净收益率为21.5%,调整后EBITDAC利润率为37.8%,每股GAAP收益3.10美元,每股调整收益3.83美元,同比增长17% [6] 各条业务线数据和关键指标变化 - 经纪业务收入增长21%,有机增长8.9%,如果包括利息收入则为10%,调整后EBITDAC增长18%,利润率为39.9% [7] - 全球零售经纪业务有机增长7%,其中美国7%、英国6%、加拿大2%、澳新8% [8] - 全球员工福利经纪和咨询业务有机增长约8% [8] - 再保险、批发和专业业务整体有机增长13%,其中Gallagher Re 13%、英国专业10%、美国批发13% [9] 各个市场数据和关键指标变化 - 第一季度全球主险续保保费(包括费率和风险变化)整体上涨约7% [10] - 财产险续保保费上涨近10%,责任险上涨9%,一般责任险上涨7%,工伤险上涨2%,组合险上涨8%,个人险上涨13% [10] - 专业险中,董事责任险续保保费下降约5%,网络险基本持平 [10] - 再保险市场1月1日续约季价格稳定,客户需求增加,再保险公司保持纪律,公司获得多个新业务并保留大部分现有客户 [11][12] - 4月续约季,再保险公司保持纪律,财产险业务顶端有更多承保能力,条款定价过程有序可预测 [12] - 责任险再保险市场整体价格稳定,但能够区分自身前期准备金管理的公司获得更好的再保险安排 [12] - 专业险续约较为复杂,但许多客户能够获得略有下降的价格 [12] 公司战略和发展方向及行业竞争 - 公司认为保险和再保险公司目前行为理性,根据行业和地区的需求调整价格 [13][14] - 公司认为责任险市场未来可能会有进一步的价格上涨 [14] - 公司认为财产险价格涨幅有所缓和,但仍处于较高水平,未来可能受到自然灾害影响 [15] - 公司认为客户经历多年价格上涨,作为值得信赖的顾问,公司能够帮助客户在复杂的保险市场中找到最佳保障方案并降低价格上涨 [16] - 公司认为客户业务活动整体保持良好,新业务获取和客户续保率都保持较高水平 [17][20] - 公司认为员工福利业务将有很好的发展机会,因为客户在应对人力资本目标和成本控制方面需要专业服务 [19] 管理层对经营环境和未来前景的评论 - 管理层对公司前景保持乐观,认为公司有望在2024年继续实现出色的财务表现 [138] - 管理层认为公司在投资于数据分析、销售工具、数字服务等方面的持续投入,为公司带来了竞争优势 [116][117] - 管理层认为公司文化是公司的核心竞争力,能够吸引优秀人才并与并购目标建立持久关系 [23] 问答环节重要的提问和回答 问题1 **Elyse Greenspan 提问** 询问公司是否预计未来几个季度增长会有所放缓 [40][41] **J. Patrick Gallagher 和 Doug Howell 回答** 公司管理层认为未来几个季度的有机增长仍将保持在7%-9%的范围,不会出现明显放缓 [42][43] 问题2 **Elyse Greenspan 提问** 询问公司是否会因第一季度利润率超预期而增加内部投资 [43][44] **Doug Howell 回答** 公司的利润率指引在3月份和现在基本保持一致,没有因第一季度超预期而大幅调整 [44] 问题3 **Mike Zaremski 提问** 询问公司是否担心无竞争限制条款被取消会对公司人才流失造成影响 [45][46][47] **J. Patrick Gallagher 回答** 公司认为即使无竞争条款被取消,公司的文化和价值观仍是吸引和留住人才的核心,不会对公司造成重大影响 [46][47]