TipRanks (Tue, 17-Sep 5:27 AM ET)
Catalyst Watch: FOMC, FedEx earnings, Electronic Arts event, and triple witching day
Seeking Alpha News (Fri, 13-Sep 3:00 PM ET)
Arthur J. Gallagher & Co. to Host Regularly Scheduled Quarterly Investor Meeting with Management
PRNewswire (Fri, 6-Sep 9:00 AM ET)
Gallagher Study Finds Career Development as a Top Factor in Employee Engagement and Retention
PRNewswire (Thu, 5-Sep 9:00 AM ET)
GLP-1s, Surging Medical Costs Have Employers Taking a Hard Look at the Return on Investment
PRNewswire (Tue, 30-Jul 9:00 AM ET)
Arthur J. Gallagher & Co. Announces Second Quarter 2024 Financial Results
PRNewswire (Thu, 25-Jul 4:15 PM ET)
Arthur J. Gallagher & Co. Announces Regular Third Quarter Dividend
PRNewswire (Wed, 24-Jul 3:56 PM ET)
Arthur J. Gallagher & Co. appoints New Director
PRNewswire (Wed, 24-Jul 10:20 AM ET)
Arthur J. Gallagher & Co. Announces Second Quarter 2024 Earnings Release And Conference Call Date
PRNewswire (Mon, 8-Jul 4:15 PM ET)
Arthur J. Gallagher & Co. Acquires Cleary Benefits Group Inc.
PRNewswire (Mon, 8-Jul 9:00 AM ET)
Arthur J. Gallagher & Co provides insurance brokerage and consulting services to middle-market entities around the world. The majority of the company's revenue comes from its brokerage segment, where it negotiates and places its customers with insurance companies that provide, among other types, property/casualty and health insurance. The company's primary source of revenue in the brokerage segment is commissioning from the insurance companies. The company also generates significant revenue in its corporate segment, which includes clean energy investment and other investment income. The company generates most of its revenue in the United States, with the remaining revenue coming primarily from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.
Arthur J. Gallagher & Co. trades on the NYSE stock market under the symbol AJG.
As of September 18, 2024, AJG stock price declined to $291.18 with 629,795 million shares trading.
AJG has a beta of 0.26, meaning it tends to be less sensitive to market movements. AJG has a correlation of 0.04 to the broad based SPY ETF.
AJG has a market cap of $63.80 billion. This is considered a Large Cap stock.
Last quarter Arthur J. Gallagher & Co. reported $3 billion in Revenue and $2.26 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.02.
In the last 3 years, AJG stock traded as high as $301.04 and as low as $144.78.
The top ETF exchange traded funds that AJG belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
AJG has underperformed the market in the last year with a price return of +27.5% while the SPY ETF gained +27.8%. However, in the short term, AJG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.7% vs +2.9% return in SPY. But in the last 2 weeks, AJG shares have been beat by the market, returning -0.9% compared to an SPY return of +1.7%.
AJG support price is $293.03 and resistance is $298.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AJG stock will trade within this expected range on the day.