Arthur J. Gallagher & Co. (AJG) has seen
significant investment activity recently.
Vanguard Group Inc., has a $6.35 billion position, and
Empowered Funds LLC has grown its holdings, leading a number of other firms like
Atomi Financial Group Inc. and
Tobam in taking positions or increasing stock holdings in AJG. However, firms like
Oppenheimer & Co. Inc. and
Forsta AP Fonden have reduced their holdings in AJG. The company's portfolio has been fortified with the acquisitions of business like
Cornerstone Commercial & Personal Insurance Services,
Cleary Benefits Group Inc., and
NetClaim among others. AJG's steady
growth prospects prompted brokerages to give it a consensus recommendation of 'Hold'. Notably, the company's
quarterly earnings are scheduled for announcement on Thursday. AJG also announced its plan to increase its dividend to $0.60 which indicates financial stability. The company is also in the news for its
leadership appointments, with Tom Gallagher as president and Patrick Gallagher as COO. They are also expanding globally with a presence established in Ireland with Wrightway.
Arthur J Gallagher AJG News Analytics from Mon, 23 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 21:39:12 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor 4
