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Arthur J. Gallagher (AJG) Buys Construction Risk Solutions
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Arthur J. Gallagher & Co. (AJG - Free Report) recently acquired Construction Risk Solutions, LLC. The acquisition will expand the broker’s presence in Northeast Region. Terms of the deal remained undisclosed.
Hunt Valley, MD-based Construction Risk Solutions was established in 2006. Construction Risk is a construction industry expert and provides property/casualty and risk management insurance and surety services. The retail insurance broker specializes in the provision of coverage for trade, general and civil contractors; home builders and developers; construction suppliers; and real estate firms across the United States. Hence, the acquisition is a strategic fit for Arthur J. Gallagher’s Northeast Region.
Arthur J. Gallagher remains focused on strategic acquisitions that strengthen as well as add capabilities to its portfolio. The company’s impressive growth is driven by organic sales, acquisition and mergers. 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. Notably, this is the third buyout by the company in 2017.
Shares of Arthur J. Gallagher have gained 3.70% in the last three months, outperforming the Zacks categorized Insurance Broker industry’s 3.05% improvement.
Arthur J. Gallagher is scheduled to announce its fourth-quarter results on Feb 7. The Zacks Consensus Estimate for the quarter is 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. The company has a track of delivering surprise for the last five quarters.
Insurers often opt for strategic buyouts to drive growth and hence, mergers and acquisitions dominate the space. Recently, Assurant, Inc. (AIZ - Free Report) inked a deal to buy Green Tree Insurance Agency, Inc. from Walter Investment Management Corp. to strengthen its capabilities in the housing market. On the other hand, Brown and Brown Inc. (BRO - Free Report) announced that its unit has acquired the commercial MGA operations of Insurance House.
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Arthur J. Gallagher (AJG) Buys Construction Risk Solutions
Arthur J. Gallagher & Co. (AJG - Free Report) recently acquired Construction Risk Solutions, LLC. The acquisition will expand the broker’s presence in Northeast Region. Terms of the deal remained undisclosed.
Hunt Valley, MD-based Construction Risk Solutions was established in 2006. Construction Risk is a construction industry expert and provides property/casualty and risk management insurance and surety services. The retail insurance broker specializes in the provision of coverage for trade, general and civil contractors; home builders and developers; construction suppliers; and real estate firms across the United States. Hence, the acquisition is a strategic fit for Arthur J. Gallagher’s Northeast Region.
Arthur J. Gallagher remains focused on strategic acquisitions that strengthen as well as add capabilities to its portfolio. The company’s impressive growth is driven by organic sales, acquisition and mergers. 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. Notably, this is the third buyout by the company in 2017.
Shares of Arthur J. Gallagher have gained 3.70% in the last three months, outperforming the Zacks categorized Insurance Broker industry’s 3.05% improvement.
Arthur J. Gallagher is scheduled to announce its fourth-quarter results on Feb 7. The Zacks Consensus Estimate for the quarter is 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. The company has a track of delivering surprise for the last five quarters.
Insurers often opt for strategic buyouts to drive growth and hence, mergers and acquisitions dominate the space. Recently, Assurant, Inc. (AIZ - Free Report) inked a deal to buy Green Tree Insurance Agency, Inc. from Walter Investment Management Corp. to strengthen its capabilities in the housing market. On the other hand, Brown and Brown Inc. (BRO - Free Report) announced that its unit has acquired the commercial MGA operations of Insurance House.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017? Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>