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ArthurJGallagher


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AI boosts insurance tech financing, deepfakes a risk, report says

AI boosts insurance tech financing, deepfakes a risk, report says LONDON, Aug 1 (Reuters) - Global financing for insurance technology (insurtech) firms rose 40% to $1.27 billion in the second quarter from the previous three months, helped by money going into AI-focused businesses, reinsurance broker Gallagher Re said on Thursday. The use of artificial intelligence in insurance presents challenges, however, because of the risks of so-called "deepfakes" in fraudulent claims and of the exclusion of
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U.S. Booking Holdings, Doordash, Vertex Pharmaceuticals (Aug. 5)

CORRECTED-U.S. RESEARCH ROUNDUP-Booking Holdings, Doordash, Vertex Pharmaceuticals (Aug. 5) Corrects U.S. research roundup dated Aug. 5 to remove dated research actions from headline and tables, the errors appeared in previous versions also Aug 5 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Booking Holdings, Doordash and Vertex Pharmaceuticals, on Monday.
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Arthur J. Gallagher & Co. reports results for the quarter ended in June - Earnings Summary

Arthur J. Gallagher & Co. reports results for the quarter ended in June - Earnings Summary Arthur J. Gallagher & Co. AJG.N reported quarterly adjusted earnings of $2.26​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $1.90. The mean expectation of seventeen analysts for the quarter was for earnings of $2.24 per share.
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U.S. Alexander & Baldwin, Instructure Holdings, RPM International

U.S. RESEARCH ROUNDUP-Alexander & Baldwin, Instructure Holdings, RPM International July 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Alexander & Baldwin, Instructure Holdings and RPM International, on Friday. HIGHLIGHTS * Alexander & Baldwin Inc (Hawaii) ALEX.N : Piper Sandler raises to overweight from neutral * First Financial Northwest Inc FFNW.O : Piper Sandler cuts to neutral from overweight * Instructure H
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Arthur J Gallagher's profit jumps on strong insurance activity

Arthur J Gallagher's profit jumps on strong insurance activity July 25 (Reuters) - Arthur J Gallagher's AJG.N second-quarter profit rose by 21%, driven by strong insurance demand that increased commissions from its brokerage operations, the company said on Thursday. A resilient economy and growing optimism about a soft landing have led businesses to invest more on insurance policies, resulting in higher fees for brokerages like Arthur J Gallagher.
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Arthur J. Gallagher & Co. <AJG.N> expected to post earnings of $2.24 a share - Earnings Preview

Arthur J. Gallagher & Co. expected to post earnings of $2.24 a share - Earnings Preview Arthur J. Gallagher & Co. AJG.N , AJG is expected to show a rise in quarterly revenue when it reports results on July 25 for the period ending January 1 0001 The Rolling Meadows Illinois-based company is expected to report a 15.0% increase in revenue to $2.762 billion from $2.4 billion a year ago, according to the mean estimate from 5 analysts, based on LSEG data.
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Brown & Brown touches record high after Q2 profit beat

BUZZ-Brown & Brown touches record high after Q2 profit beat ** Shares of insurance brokerage Brown & Brown BRO.N jump as much as 6.4% to a record high, last up 5.8% ** The company reported Q2 adjusted profit of 93 cents/share, higher than LSEG estimate of 88 cents/share, late on Monday ** The profit beat was driven by higher organic revenue growth, while investment income was also better than expected ** William Blair raised its 2024 earnings-per-share estimate for BRO, but warned organic growth
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U.S. Nvidia, Qualcomm, Tesla

U.S. RESEARCH ROUNDUP-Nvidia, Qualcomm, Tesla July 10 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Nvidia, Qualcomm and Tesla, on Wednesday. HIGHLIGHTS * Brighthouse Financial Inc BHF.O : Jefferies raises to buy from hold * Legalzoom.Com Inc LZ.O : JP Morgan cuts to neutral from overweight * Nvidia Corp NVDA.O : KeyBanc raises target price to $180 * Qualcomm Inc QCOM.O : KeyBanc raises target price to $225 * Tesla
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Arthur J. Gallagher & Co. Acquires Cleary Benefits Group

BRIEF-Arthur J. Gallagher & Co. Acquires Cleary Benefits Group July 8 (Reuters) - Arthur J. Gallagher & Co. AJG.N : ARTHUR J. GALLAGHER & CO. ACQUIRES CLEARY BENEFITS GROUP INC. ARTHUR J. GALLAGHER & CO.: TERMS OF TRANSACTION WERE NOT DISCLOSED Source text for Eikon: ID:nPn6FcPj1a Further company coverage: AJG.N
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U.S. Acelyrin, Blue Owl Capital, Malibu Boats

U.S. RESEARCH ROUNDUP-Acelyrin, Blue Owl Capital, Malibu Boats July 8 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Acelyrin, Blue Owl Capital and Malibu Boats, on Monday. HIGHLIGHTS * Acelyrin Inc SLRN.O : Wells Fargo raises to overweight from equal-weight * Blue Owl Capital Inc OWL.N : TD Cowen cuts to hold from buy * J B Hunt Transport Services Inc JBHT.O : Stephens initiates with overweight rating * Malibu Boat
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Insurers fret over militant attacks, AI hacks at Paris Olympics

Insurers fret over militant attacks, AI hacks at Paris Olympics By Carolyn Cohn and Noor Zainab Hussain LONDON, July 5 (Reuters) - Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions of dollars in claims. Insurers faced losses after the 2020 Tokyo Olympics were postponed for a year due to the COVID-19 pandemic.
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Houthi explosive drone boat attacks escalate Red Sea danger

Houthi explosive drone boat attacks escalate Red Sea danger Black Sea drone attacks showed their effectiveness Psychological tactics also deployed War risk insurance premiums could rise But Chinese vessels avoid higher premiums By Jonathan Saul and Renee Maltezou LONDON, July 3 (Reuters) - Yemen's Houthis are sending drone boats packed with explosives into the Red Sea as they intensify their attacks on merchant ships that have little defence against the "sophisticated shift" in tactic, maritime
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Arthur J. Gallagher & Co. Acquires NetClaim

BRIEF-Arthur J. Gallagher & Co. Acquires NetClaim July 2 (Reuters) - Arthur J. Gallagher & Co. AJG.N : ARTHUR J. GALLAGHER & CO. ACQUIRES NETCLAIM ARTHUR J. GALLAGHER & CO.: TERMS OF TRANSACTION WERE NOT DISCLOSED. Source text for Eikon: ID:nPn96zRDza Further company coverage: AJG.N
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Arthur J. Gallagher & Co. Acquires Cornerstone Commercial & Personal Insurance Services, Inc.

BRIEF-Arthur J. Gallagher & Co. Acquires Cornerstone Commercial & Personal Insurance Services, Inc. July 1 (Reuters) - Arthur J. Gallagher & Co. AJG.N : ARTHUR J. GALLAGHER & CO. ACQUIRES CORNERSTONE COMMERCIAL & PERSONAL INSURANCE SERVICES, INC. ARTHUR J. GALLAGHER & CO.: TERMS OF TRANSACTION WERE NOT DISCLOSED. Source text for Eikon: ID:nPn7nHsmL
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U.S. Campbell Soup, Tesla, Walgreens

U.S. RESEARCH ROUNDUP-Campbell Soup, Tesla, Walgreens June 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Campbell Soup, Tesla and Walgreens, on Wednesday. HIGHLIGHTS * Campbell Soup Co CPB.N : JP Morgan raises to overweight from neutral * Kratos Defense and Security Solutions KTOS.O : BTIG initiates coverage with Neutral rating * Rocket Lab USA Inc RKLB.O : BTIG initiates coverage with Neutral rating * Tesla Inc
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Arthur J. Gallagher & Co. Sees Brokerage Segment FY2024 Foreign Currency Impact On Earnings Per Share About Loss Of $0.03

BRIEF-Arthur J. Gallagher & Co. Sees Brokerage Segment FY2024 Foreign Currency Impact On Earnings Per Share About Loss Of $0.03 June 25 (Reuters) - Arthur J. Gallagher & Co. AJG.N : ARTHUR J. GALLAGHER & CO.: SEES BROKERAGE SEGMENT FY2024 FOREIGN CURRENCY IMPACT ON EARNINGS PER SHARE ABOUT LOSS OF $0.03 Source text for Eikon: [ID:] Further company
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Arthur J. Gallagher & Co. Acquires OperationsInc, Llc

BRIEF-Arthur J. Gallagher & Co. Acquires OperationsInc, Llc June 24 (Reuters) - Arthur J. Gallagher & Co. AJG.N : ARTHUR J. GALLAGHER & CO. ACQUIRES OPERATIONSINC, LLC ARTHUR J. GALLAGHER & CO.: TERMS OF TRANSACTION WERE NOT DISCLOSED. Source text for Eikon: ID:nPn1WCGC4a Further company coverage: AJG.N
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Shipping industry urges Red Sea action as Houthis sink second vessel

Shipping industry urges Red Sea action as Houthis sink second vessel By Jonathan Saul LONDON, June 19 (Reuters) - Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen's Houthis, leading industry groups said on Wednesday, after the sinking of a second ship. Iran-aligned Houthi militants first launched drone and missile strikes on the important trade route in November in what they say is solidarity with Palestinians in Gaza.
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U.S. Brighthouse Financial, Microsoft, Shattuck Labs

U.S. RESEARCH ROUNDUP-Brighthouse Financial, Microsoft, Shattuck Labs June 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Brighthouse Financial, Microsoft and Shattuck Labs, on Monday. HIGHLIGHTS * Agree Realty Corp ADC.N : Jefferies raises target price to $70 from $65 * Brighthouse Financial Inc BHF.O : KBW raises to market perform from underperform * Microsoft MSFT.O : Wedbush raises target price to $550 from $
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Arthur J. Gallagher Acquires Wrightway Underwriting

BRIEF-Arthur J. Gallagher Acquires Wrightway Underwriting June 5 (Reuters) - Arthur J. Gallagher & Co. AJG.N : ARTHUR J. GALLAGHER & CO. ACQUIRES WRIGHTWAY UNDERWRITING LIMITED ARTHUR J. GALLAGHER & CO.: TERMS OF TRANSACTION WERE NOT DISCLOSED Source text for Eikon: ID:nPn4ZNGqLa Further company coverage: AJG.N
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