Arthur J. Gallagher & Co. continues to expand its presence on a global scale while simultaneously strengthening its insurance broker business. The company has launched into an impressive
acquisition spree, with a notable purchase of
AssuredPartners for $13.45 billion. Other strategic acquisitions include Midwest's Strategic Insurance, DMc Insurance Partners, and many more, as part of its efforts to solidify its portfolio. Arthur J. Gallagher recently initiated a
$8.5B stock offering to finance the AssuredPartners acquisition, an offering which successfully concluded at $280 per share. Despite recent weaknesses in the stock,
financial prospects look solid. The company has also bolstered its high-net-worth services through the acquisition of Shepard Insurance and extends its reach in the
legal sector with the acquisition of Caytons Law LLP. Several institutional investors including Franklin Resources Inc. and Principal Financial Group Inc. have recently increased their stake in the company.
Arthur J Gallagher AJG News Analytics from Sat, 29 Jun 2024 07:00:00 GMT to Fri, 20 Dec 2024 18:06:27 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor 3
