Arthur J. Gallagher & Co., a leading insurance brokerage, has recently completed multiple
acquisitions, strengthening its presence globally. The company's strategic acquisitions include
Woodruff Sawyer,
Litchfield Special Risks,
Bircroft Insurance Services, and
AssuredPartners. The
AssuredPartners acquisition has been delayed due to an ongoing regulatory review. However, AJG has successfully completed a
$8.5B stock offering for this deal. The company's expansion has led to increased
earnings, topping estimates, and a price target boost by Jefferies and Wells Fargo. Jim Cramer referred to AJG as
'Insurance That's on Fire.' On a similar note, AJG's performance got positive nods from
Balyasny Asset Management and
Citadel Investment Group. Despite a minor stock slump amid insider sales,
AJG continues to trade at a premium. AJG also plans to increase its
dividend to $0.65. However, the company is still facing some regulatory hurdles related to AssuredPartners purchase, receiving a second request for more information on this $13.4B deal.
Arthur J Gallagher AJG News Analytics from Wed, 02 Oct 2024 07:00:00 GMT to Fri, 11 Apr 2025 12:52:00 GMT -
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