10 Best Performing Insurance Stocks to Buy Now

3. Arthur J. Gallagher & Co. (NYSE:AJG)

1-Year Returns: 36.38%

No. of Hedge Fund Holders: 77

Arthur J. Gallagher & Co. (NYSE:AJG) is a global insurance brokerage, risk management and consulting services company. The insurance company operates through three segments, including brokerage, risk management, and corporate.

Arthur J. Gallagher & Co. is expanding its network in Brazil with the latest acquisition of Case Group. Case is an employee and health benefits brokerage and consulting firm serving clients throughout Brazil. This will add to the company’s revenue stream and diversify its product portfolio.

AJG posted strong quarterly results in Q4 2024, with adjusted EPS of $2.51 exceeding estimates of $2.06 per share by 22.3%. Revenue was $2.69 billion for the quarter, up by 12% year-over-year.

Arthur J. Gallagher & Co. (NYSE:AJG) continues to improve its business through expansion. During Q4 2024, the company completed 20 new tuck-in mergers, representing around $200 million of estimated annualized revenue. AJG has signed the agreement to acquire AssuredPartners, which is expected to close in the first quarter of 2025. The acquisition of AssuredPartners is expected to expand AJG’s commercial market focus and enhance its M&A reach, bringing more revenue opportunities.