| Market cap | $38.82B |
|---|---|
| Enterprise value | $56.34B |
| Revenue | $10.623B |
|---|---|
| EBITDA | $2.417B |
| Income | $1.091B |
| Revenue Q/Q | 20.35% |
| Revenue Y/Y | 20.42% |
| P/E | 52.06 |
|---|---|
| Forward P/E | 29.55 |
| EV/Sales | 5.30 |
| EV/EBITDA | 23.31 |
| EV/EBIT | 33.69 |
| PEG | 1.65 |
| Price/Sales | 3.65 |
| P/FCF | 17.66 |
| Price/Book | 3.60 |
| Book/Share | 72.68 |
| Cash/Share | 6.55 |
| FCF yield | 5.66% |
| Volume | 947.300k / 741.654k |
|---|---|
| Relative vol. | 1.28 × |
| EPS | 5.03 |
|---|---|
| EPS Q/Q | 29.32% |
| Est. EPS Q/Q | 57.14% |
| Profit margin | 9.63% |
|---|---|
| Oper. margin | 20.18% |
| Gross margin | 83.22% |
| EBIT margin | 15.74% |
| EBITDA margin | 22.75% |
| Ret. on assets | 1.98% |
|---|---|
| Ret. on equity | 10.17% |
| ROIC | 3.29% |
| ROCE | 7.84% |
| Debt/Equity | 3.79 |
|---|---|
| Net debt/EBITDA | 11.07 |
| Current ratio | 1.05 |
| Quick ratio | 1.05 |
| Volatility | 1.52% |
|---|---|
| Beta | 0.44 |
| RSI | 65.27 |
|---|
| Insider ownership | 0.94% |
|---|---|
| Inst. ownership | 86.75% |
| Shares outst. | 218.500M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 1.18% |
| Short ratio | 2.03 |
| Dividend | $2.30 |
|---|---|
| Dividend yield | 0.88% |
| Payout ratio | 45.73% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 25 Jul 2024 |
Thursday, 2 May 2024
|
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| Decoding Arthur J. Gallagher & Co : A Strategic SWOT Insight | |
Thursday, 21 March 2024
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| 25 Largest Insurance Companies in the World in 2024 | |
Wednesday, 13 March 2024
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| UPDATE 1-Australia's PSC Insurance says in buyout talks | |
Thursday, 1 February 2024
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| 5 Insurance Brokers to Watch on Increased Business Activity | |
Saturday, 27 January 2024
|
|
| Arthur J. Gallagher & Co. Q4 2023 Earnings Call Transcript | |
Wednesday, 3 January 2024
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| Arthur J Gallagher Rises 20% in a Year: More Upside Left? | |
| Travelers Boosts Cyber Capabilities With Corvus Buyout | |
Wednesday, 27 December 2023
|
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| Brown & Brown Expands in Florida With Caton-Hosey Buyout | |
Tuesday, 19 December 2023
|
|
| Marsh & McLennan's Unit Divests Atlas to Stoch Analytics | |
Wednesday, 13 December 2023
|
|
| Marsh & McLennan Unit Boosts Aviation Business With SeaTec | |
Monday, 11 December 2023
|
|
| Brown & Brown Unit Expands in Automotive Aftermarket | |
Wednesday, 6 December 2023
|
|
| Arthur J. Gallagher & Co. Completes Acquisition of The Evans Agency, LLC | |
Friday, 17 November 2023
|
|
| Arthur J. Gallagher Adds Coverys Insurance to Portfolio | |
Wednesday, 1 November 2023
|
|
| Arthur J. Gallagher & Co. is largely controlled by institutional shareholders who own 86% of the company | |
Thursday, 26 October 2023
|
|
| Arthur J. Gallagher & Co Announces Q3 2023 Financial Results | |
Tuesday, 24 October 2023
|
|
| Cadence Bank Announces Agreement to Sell the Insurance Operations of Cadence Insurance to Arthur J. Gallagher & Co. | |
Friday, 20 October 2023
|
|
| Arthur J. Gallagher & Co.'s Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason? | |
Wednesday, 18 October 2023
|
|
| Arthur J. Gallagher & Co. Acquires Meadowbrook Insurance Agency | |
Saturday, 30 September 2023
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| These 5 Stocks Are Setting Up This Buying Opportunity After Strong Runs | |
Tuesday, 26 September 2023
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|
| Insurance Stock Outperforms As Market Crumbles | |
Monday, 4 September 2023
|
|
| Insiders At Arthur J. Gallagher Sold US$9.4m In Stock, Alluding To Potential Weakness | |
Thursday, 31 August 2023
|
|
| Arthur J. Gallagher & Co. is a favorite amongst institutional investors who own 86% | |
Saturday, 26 August 2023
|
|
| Is It Smart To Buy Arthur J. Gallagher & Co. Before It Goes Ex-Dividend? | |
Friday, 19 May 2023
|
|
| Arthur J. Gallagher shareholders have earned a 28% CAGR over the last five years | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Scott R Hudson Vice President | Sale 18 Jun 2024 | $2,634,500 |
| Walter D. Bay General Counsel | Sale 17 Jun 2024 | $2,181,530 |
| David S Johnson Director | Sale 22 May 2024 | $219,164 |
| Douglas K Howell Vice President and Chief Financial Officer | Sale 17 May 2024 | $1,310,904 |
| Richard C Cary Controller and CAO | Option 16 May 2024 | $335,053 |
| Walter D. Bay General Counsel | Sale 16 May 2024 | $6,227,580 |
| Douglas K Howell Vice President and Chief Financial Officer | Sale 10 May 2024 | $3,974,560 |
| Christopher C. Miskel Director | Option 9 May 2024 | $455,510 |
| Ralph J Nicoletti Director | Option 9 May 2024 | $455,510 |
| Norman L Rosenthal Director | Option 9 May 2024 | $455,510 |
| David S Johnson Director | Option 9 May 2024 | $455,510 |
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Price target
Current $261.87
Average $119.36
Low $105
High $130
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +7.84% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 0.88% | Growth period | 5 years |
| Last dividend date | Yield 3 years | 0.98% | Growth 3 years | +6.92% | |
| Last dividend | Yield 5 years | 1.11% | Growth 5 years | +6.05% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| J. Patrick Gallagher (68) Chairman of the Board and Chief Executive Officer since 2017 | 68 | 2017 | $8,960,620 |
| J. Patrick Gallagher Jr. (69) Chairman, Pres, and CEO | 69 | $7,441,494 | |
| Douglas Howell (58) Chief Financial Officer and Corporate Vice President since 2003 | 58 | 2003 | $4,423,460 |
| Thomas Gallagher (61) Corporate Vice President, Chairman - International Brokerage Operation, and President- Retail Property/Casualty Brokerage Operation since 2017 | 61 | 2017 | $4,321,210 |
| Walter Bay (57) Corporate Vice President, General Counsel, and Secretary since 2007 | 57 | 2007 | $3,288,430 |
| Scott Hudson (58) Corporate Vice President and President - Risk Management Operation since 2010 | 58 | 2010 | $3,209,080 |
| Douglas K. Howell (59) Corp. VP and CFO | 59 | $3,191,222 | |
| Thomas Joseph Gallagher (62) Corp. VP, Pres of Global Property, and Casualty Brokerage Operation | 62 | $3,132,767 | |
| Scott R. Hudson (59) Corp. VP and Pres of Risk Management Operation | 59 | $2,482,362 | |
| Walter D. Bay (58) Corp. VP, Gen. Counsel, and Sec. | 58 | $2,384,455 | |
| David Johnson (64) Lead Independent Director since 2016 | 64 | 2016 | $286,338 |
| William Bax (76) Independent Director since 2006 | 76 | 2006 | $281,338 |
| Sherry Barrat (70) Independent Director since 2013 | 70 | 2013 | $276,338 |
| Kay McCurdy (69) Independent Director since 2005 | 69 | 2005 | $271,338 |
| Norman Rosenthal (68) Independent Director since 2008 | 68 | 2008 | $256,338 |
| Ralph Nicoletti (62) Independent Director since 2016 | 62 | 2016 | $256,338 |
| Frank English (74) Independent Director since 2009 | 74 | 2009 | $256,338 |
| David Coldman (72) Independent Director since 2014 | 72 | 2014 | $256,338 |
| Raymond Iardella | 2018 | ||
| Christopher Miskel (45) Independent Director since 2020 | 45 | 2020 | |
| Susan Pietrucha (53) Corporate Vice President and Chief Human Resource Officer since 2007 | 53 | 2007 | |
| Joel Cavaness (58) Corporate Vice President and President - Wholesale Brokerage Operation since 2000 | 58 | 2000 | |
| Christopher Mead (52) Chief Marketing Officer and Corporate Vice President since 2017 | 52 | 2017 | |
| Richard Cary (57) Chief Accounting Officer and Controller since 2003 | 57 | 2003 | |
| William Ziebell (57) Corporate Vice President and President since 2017 | 57 | 2017 | |
| Richard C. Cary (58) Chief Accounting Officer and Controller | 58 | ||
| Linda J. Collins | |||
| Sean P. Connelly (54) Global Chief Information Officer and Corp. VP | 54 | ||
| David R. Long (69) VP | 69 |
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
- Finance > Insurance Brokers
- Arthur J. Gallagher & Co., 2850 Golf Road, Rolling Meadows 60008-4050, United States
- 630 773 3800
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +7.84% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 0.88% | Growth period | 5 years |
| Last dividend date | Yield 3 years | 0.98% | Growth 3 years | +6.92% | |
| Last dividend | Yield 5 years | 1.11% | Growth 5 years | +6.05% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $1,762.6 | $971.5 | |||
| Short term investments | |||||
| Net receivables | $4,148.7 | $3,786.6 | |||
| Inventory | |||||
| Total current assets | $41,479.5 | $32,116.1 | |||
| Long term investments | |||||
| Property, plant & equipment | $1,090.7 | $1,126.7 | |||
| Goodwill & intangible assets | $16,153.8 | $16,108.9 | |||
| Total noncurrent assets | $19,496.4 | $19,499.7 | |||
| Total investments | |||||
| Total assets | $60,975.9 | $51,615.8 | |||
| Current liabilities | |||||
| Accounts payable | |||||
| Deferred revenue | $785.3 | $706.2 | |||
| Short long term debt | $292.5 | $959 | |||
| Total current liabilities | $39,636.5 | $31,064.7 | |||
| Long term debt | $8,327.6 | $7,358.2 | |||
| Total noncurrent liabilities | $9,995.2 | $9,735.8 | |||
| Total debt | $8,620.1 | $8,317.2 | |||
| Total liabilities | $49,631.7 | $40,800.5 | |||
| Stockholders' equity | |||||
| Retained earnings | $4,529.3 | $4,052.9 | |||
| Other stockholder equity | -$949 | -$792.1 | |||
| Total stockholder equity | $11,300.8 | $10,775.3 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $971.5 | $4,964.2 | ||
| Short term investments | ||||
| Net receivables | $3,786.6 | $16,408.9 | ||
| Inventory | ||||
| Total current assets | $32,116.1 | $22,834.6 | ||
| Long term investments | ||||
| Property, plant & equipment | $1,126.7 | $922.9 | ||
| Goodwill & intangible assets | $16,108.9 | $12,861.5 | ||
| Total noncurrent assets | $19,499.7 | $16,073.2 | ||
| Total investments | ||||
| Total assets | $51,615.8 | $38,907.8 | ||
| Current liabilities | ||||
| Accounts payable | $18,698.2 | |||
| Deferred revenue | $706.2 | $609.3 | ||
| Short long term debt | $959 | $551.9 | ||
| Total current liabilities | $31,064.7 | $21,888 | ||
| Long term debt | $7,358.2 | $5,863.2 | ||
| Total noncurrent liabilities | $9,735.8 | $7,829.6 | ||
| Total debt | $8,317.2 | $6,415.1 | ||
| Total liabilities | $40,800.5 | $29,717.6 | ||
| Stockholders' equity | ||||
| Retained earnings | $4,052.9 | $3,562.2 | ||
| Other stockholder equity | -$792.1 | -$1,140.4 | ||
| Total stockholder equity | $10,775.3 | $9,143.6 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $3,256.7 | $2,431.9 | |||
| Cost of revenue | $435.7 | $450.6 | |||
| Gross profit | $2,821 | $1,981.3 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $1,725.9 | $1,428.2 | |||
| Total operating expenses | $1,933.6 | $1,617.9 | |||
| Operating income | $887.4 | $363.4 | |||
| Income from continuing operations | |||||
| EBIT | $860.6 | $3.4 | |||
| Income tax expense | $160 | -$42.6 | |||
| Interest expense | $92.2 | $78.2 | |||
| Net income | |||||
| Net income | $608.4 | -$32.2 | |||
| Income (for common shares) | $608.4 | -$32.2 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $10,071.9 | $8,550.6 | ||
| Cost of revenue | $1,689.7 | $1,353.8 | ||
| Gross profit | $8,382.2 | $7,196.8 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $5,681.2 | $4,799.8 | ||
| Total operating expenses | $6,377.7 | $5,399.4 | ||
| Operating income | $2,004.5 | $1,797.4 | ||
| Income from continuing operations | ||||
| EBIT | $1,485.3 | $1,582.1 | ||
| Income tax expense | $219.1 | $211 | ||
| Interest expense | $296.7 | $256.9 | ||
| Net income | ||||
| Net income | $969.5 | $1,114.2 | ||
| Income (for common shares) | $969.5 | $1,114.2 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $608.4 | -$32.2 | |||
| Operating activities | |||||
| Depreciation | $207.7 | $189.7 | |||
| Business acquisitions & disposals | -$251.1 | -$1,854.6 | |||
| Stock-based compensation | $38.3 | $38.8 | |||
| Total cash flows from operations | $789.3 | $693.6 | |||
| Investing activities | |||||
| Capital expenditures | -$29.7 | -$46 | |||
| Investments | $88.9 | $0.1 | |||
| Total cash flows from investing | -$191.9 | -$1,900.5 | |||
| Financing activities | |||||
| Dividends paid | -$130.7 | -$119.1 | |||
| Sale and purchase of stock | $52 | $20.2 | |||
| Net borrowings | $338 | $1,228.7 | |||
| Total cash flows from financing | -$5.4 | $982.1 | |||
| Effect of exchange rate | -$54.5 | -$17.3 | |||
| Change in cash and equivalents | $537.5 | -$242.1 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $969.5 | $1,114.2 | ||
| Operating activities | ||||
| Depreciation | $696.5 | $599.6 | ||
| Business acquisitions & disposals | -$3,032 | -$753.9 | ||
| Stock-based compensation | $136.5 | $109.8 | ||
| Total cash flows from operations | $2,031.7 | $2,125.4 | ||
| Investing activities | ||||
| Capital expenditures | -$193.6 | -$182.7 | ||
| Investments | -$67.4 | -$68.2 | ||
| Total cash flows from investing | -$3,293 | -$1,004.8 | ||
| Financing activities | ||||
| Dividends paid | -$473.6 | -$429.5 | ||
| Sale and purchase of stock | $120.2 | $123.1 | ||
| Net borrowings | $1,860.7 | -$161.2 | ||
| Total cash flows from financing | $2,873.9 | -$522.8 | ||
| Effect of exchange rate | -$33.5 | -$99.9 | ||
| Change in cash and equivalents | $1,579.1 | $497.9 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q1 | Unisphere Establishment |
-94.80%
|
34,700 | $8,676,388 |
| 2024 Q1 | Amundi |
-20.47%
|
415,726 | $97,275,727 |
| 2024 Q1 | Caisse De Depot Et Placement Du Quebec |
-51.09%
|
66,159 | $16,542,396 |
| 2024 Q1 | Neuberger Berman Group |
-22.46%
|
78,661 | $19,668,284 |
| 2024 Q1 | Brown Brothers Harriman & Co |
-1.33%
|
1,491,776 | $373,003,622 |
| 2024 Q1 | Lord, Abbett & Co |
-2.65%
|
404,534 | $101,150 |
| 2024 Q1 | Sumitomo Mitsui Trust |
+1.08%
|
519,334 | $129,854,273 |
| 2024 Q1 | Dnb Asset Management As |
-13.54%
|
33,227 | $8,308,079 |
| 2024 Q1 | Pacer Advisors |
-13.49%
|
26,949 | $6,738,328 |
| 2024 Q1 | Sit Investment Associates Inc |
-10.37%
|
29,634 | $7,410 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Standard Life Investments Ltd | 0.86% | 1,880,750 | |
| Janus Capital Management | 0.81% | 1,770,280 | |
| Brown Brothers Harriman & Co | 0.68% | 1,491,776 | |
| Parametric Portfolio Associates | 0.27% | 600,469 | |
| Sumitomo Mitsui Trust | 0.24% | 519,334 | |
| Tiaa Cref Investment Management | 0.20% | 444,449 | |
| Amundi | 0.19% | 415,726 | |
| Lord, Abbett & Co | 0.19% | 404,534 | |
| Payden & Rygel | 0.11% | 250,380 | |
| Strs Ohio | 0.08% | 172,000 |
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