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Arthur J. Gallagher Expands in Australian Employee Benefits
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Share price of Arthur J. Gallagher & Co. (AJG - Free Report) gained about 0.5% in the last trading session following the company’s acquisition of Complete Financial Balance Pty Ltd in Australia. The acquisition will expand the broker’s Australian presence and mark the first employee benefits buyout there.
Brisbane, Australia-based Complete Financial Balance was established in 1989. Complete Financial is a financial services advisory firm offering wealth management and employee benefits consulting services to business professionals and individuals across Australia. Complete Financial’s expertise lies in superannuation, risk management and asset protection, investment and portfolio administration, business risk insurance, estate planning and retirement planning. The buyout will thus perfectly complement the acquirer’s employee benefits’ consulting operations.
Arthur J. Gallagher & Co. remains focused on international expansion through both acquisitions and organic measures. The company’s international operations, primarily in Australia, Bermuda, Canada, the Caribbean, Singapore, New Zealand and the U.K., generated about 30% of its revenues. With this flurry of acquisitions, the number is expected to grow further.
Arthur J. Gallagher & Co.’s growth story looks impressive. While the buyouts widen its geographical footprint, these also support its enhanced portfolio of services and strengthen its position in retail and wholesale insurance brokerage services and risk management industries. This marks the first buyout in 2017. Arthur J. Gallagher remains on the growth track supported by its strategic acquisitions and mergers. Shares of Arthur J. Gallagher have increased 3.05% in the last three months, outperforming the Zacks categorized Insurance Broker industry’s 1.21% gain.
The Zack Consensus Estimate moved north over the last 30 days. With optimism surrounding the company’s compelling inorganic growth story, we expect analysts to pull up their estimates. The Zacks Consensus Estimate is currently pegged at 66 cents per share, which translates into a year-over-year increase of 14.4%. Though the company’s favorable Zacks Rank #3 (Hold) increases the predictive power of an earnings beat, an Earnings ESP of 0.00% makes prediction difficult. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
As insurers choose the inorganic route for growth, the takeover saga rages the space. Recently, Brown and Brown Inc. (BRO - Free Report) announced that its unit has acquired the commercial MGA operations of Insurance House. Last month, Allied World Assurance Company Holdings, AG (AWH - Free Report) announced that it will be acquired by Fairfax Financial Holdings Limited (FRFHF - Free Report) .
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Arthur J. Gallagher Expands in Australian Employee Benefits
Share price of Arthur J. Gallagher & Co. (AJG - Free Report) gained about 0.5% in the last trading session following the company’s acquisition of Complete Financial Balance Pty Ltd in Australia. The acquisition will expand the broker’s Australian presence and mark the first employee benefits buyout there.
Brisbane, Australia-based Complete Financial Balance was established in 1989. Complete Financial is a financial services advisory firm offering wealth management and employee benefits consulting services to business professionals and individuals across Australia. Complete Financial’s expertise lies in superannuation, risk management and asset protection, investment and portfolio administration, business risk insurance, estate planning and retirement planning. The buyout will thus perfectly complement the acquirer’s employee benefits’ consulting operations.
Arthur J. Gallagher & Co. remains focused on international expansion through both acquisitions and organic measures. The company’s international operations, primarily in Australia, Bermuda, Canada, the Caribbean, Singapore, New Zealand and the U.K., generated about 30% of its revenues. With this flurry of acquisitions, the number is expected to grow further.
Arthur J. Gallagher & Co.’s growth story looks impressive. While the buyouts widen its geographical footprint, these also support its enhanced portfolio of services and strengthen its position in retail and wholesale insurance brokerage services and risk management industries. This marks the first buyout in 2017. Arthur J. Gallagher remains on the growth track supported by its strategic acquisitions and mergers. Shares of Arthur J. Gallagher have increased 3.05% in the last three months, outperforming the Zacks categorized Insurance Broker industry’s 1.21% gain.
The Zack Consensus Estimate moved north over the last 30 days. With optimism surrounding the company’s compelling inorganic growth story, we expect analysts to pull up their estimates. The Zacks Consensus Estimate is currently pegged at 66 cents per share, which translates into a year-over-year increase of 14.4%. Though the company’s favorable Zacks Rank #3 (Hold) increases the predictive power of an earnings beat, an Earnings ESP of 0.00% makes prediction difficult. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
As insurers choose the inorganic route for growth, the takeover saga rages the space. Recently, Brown and Brown Inc. (BRO - Free Report) announced that its unit has acquired the commercial MGA operations of Insurance House. Last month, Allied World Assurance Company Holdings, AG (AWH - Free Report) announced that it will be acquired by Fairfax Financial Holdings Limited (FRFHF - Free Report) .
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>