Yahoo Finance Why Arthur J. Gallagher (AJG) is a Top Growth Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Arthur J. Gallagher (AJG)
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage and consulting services and third-party claims settlement and administration services in the United States and internationally. The company is the world’s largest property/casualty third-party claims administrator and ranks world’s fourth largest globally among insurance brokers based on revenues.
AJG is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 15.3% year-over-year for the current fiscal year, with sales growth of 15.2%.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.02 to $10.10 per share. AJG boasts an average earnings surprise of 2.3%.
Looking at cash flow, Arthur J. Gallagher is expected to report cash flow growth of 15.8% this year; AJG has generated cash flow growth of 19.8% over the past three to five years.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AJG should be on investors' short lists.
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Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report
