We recently published a list of 10 Stocks on Jim Cramer’s Radar Amid Market Volatility. In this article, we are going to take a look at where Arthur J. Gallagher & Co. (NYSE:AJG) stands against other stocks on Jim Cramer’s radar amid market volatility.
Jim Cramer in a latest program on CNBC commented on the reasons behind the recent selloff and said the market correction isn’t always healthy. He continues to believe the key reason behind the latest market drop was President Trump’s volatile tariff policies.
“I think Trump’s core thesis is right, our trading partners have taken advantage of our country for decades and it’s worth trying to set that right, but it’s a very big but, Trump’s approach has been way too erratic, it’s terrified both the stock market and the broader economy, not just the stock market, the broader economy. Most of the substantive tariff news comes in the form of postings on Truth Social, they come fast and furious, they’re incredibly important, they’re incredibly contradictory. These posts involve hundreds of billions of dollars if not trillions of dollars and more importantly hundreds of thousands of jobs, including yours. The Mercurial postings, the scatter shot approach to trade policy is the approximate cause of the correction.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article we picked 10 stocks Jim Cramer talked about in his programs recently. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Arthur J. Gallagher & Co. (NYSE:AJG)
Number of Hedge Funds Investors: 44
Asked about insurance brokerage Arthur J. Gallagher & Co. (NYSE:AJG), here is what Jim Cramer said during a program on CNBC:
“Oh my god, yes, that is just a solid company. We used to call it, in the old days, you just call it a blue chip. Great company. Should have been doing stuff with it. You know, sometimes stocks are just kind of quietly going up, and that’s one of them.”
Andvari Associates stated the following regarding Arthur J. Gallagher & Co. (NYSE:AJG) in its Q3 2024 investor letter:
“Arthur J. Gallagher & Co. (NYSE:AJG) and Rollins are two other serial acquirers in Andvari’s client portfolios. Both are some of the largest, and best, businesses in their respective industries. AJG is a leading property and casualty insurance and reinsurance broker. Rollins is home to many of the top brands in the pest service industry in North America.
Importantly, while both AJG and Rollins have large market shares, their respective markets are still highly fragmented. There are thousands of small and medium-sized businesses left for AJG and Rollins to acquire. Gallagher currently has a pipeline of 100 potential acquisitions that represents about $1.4 billion of annualized revenue (compare this to $10.1 billion of revenues for 2023). Andvari believes the pace of acquisitions for both companies can continue for many years to come. Just see below the acquisition track records of both companies since 2014…”(Click here to read the full text)
Overall, AJG ranks 8th on our list of stocks on Jim Cramer’s radar amid market volatility. While we acknowledge the potential of AJG, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AJG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Hedge Fund Resource Center