Arthur J. Gallagher & Co. (NYSE: AJG) disclosed that it has bought Indiana-based R&R Benefits/Risk Management, LLC. Both the firms have not revealed the terms of deals. R&R was established back in 2000 and is recognized as a firm employee benefit program solution, as well as property/casualty risk placements, in the conventional and alternative risk financing market.
Shares of Arthur J. Gallagher went up 0.41% as it gained +0.50 during the trading session of Tuesday. The firm has reported the trading volume of 722.13K as compared to the average volume of 872.41K. Looking at its profitability it has ROA, ROE, and ROI 3.80%, 14.60%, and 9.80%, respectively. Arthur has total market capitalization of $24.75 billion at the time of writing.
Troy Scott, Robert Frick will continue their operations from their current location, but they will be directed by head of Gallagher. CEO of Arthur disclosed that R&R provide innovative methods to assisting clients to administer the healthcare costs, and the team’s public entity competence and strong interactions across Northern Indiana will further improve Gallagher’s capacities in that market.