Arthur J. Gallagher (AJG)
Brokers commercial, benefits and reinsurance coverage while administering outsourced claims.
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Places commercial, benefits, specialty and reinsurance coverage, while Gallagher Bassett administers outsourced claims for self-insured organizations and insurers. Most revenue comes from brokerage commissions and fees; carriers supply the underwriting capital, and acquisitions remain central to expanding its distribution.
Places commercial property-and-casualty, employee-benefits, specialty, wholesale and reinsurance coverage through the Brokerage segment. Retail brokers serve middle-market, large, public-sector and nonprofit clients; wholesale teams handle specialized and hard-to-place risks; Gallagher Re arranges reinsurance and related analytics and capital-markets services.
Administers outsourced claims, loss control and risk consulting through Gallagher Bassett, chiefly for self-insured organizations, captives and insurers. Risk Management earns fees, while Brokerage receives commissions, fees, contingent compensation and interest-related income.
Operates chiefly in the United States, with substantial businesses in the United Kingdom, Australia, Canada and New Zealand. Specialized industry practices and frequent acquisitions expand distribution; the AssuredPartners purchase deepened its middle-market presence and added integration work. Insurance carriers supply the capital behind placed coverage because the broker generally does not retain underwriting risk, and its activities are regulated across many jurisdictions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 16, 2026 | Mizuho Securities | Target | Target: $287 | Target: $292 |
| Aug 19, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $270 | Target: $290 |
| Aug 17, 2026 | Argus Research | Reiterate | Rating: —Target: $270 | Target: $300 |
| Aug 10, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $255 | Target: $270 |
| Aug 3, 2026 | UBS | Reiterate | Rating: —Target: $291 | Target: $299 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.39B · Total debt $2.02B · Total assets $81.81B · Shareholders' equity $23.72B
- Revenue
- $4.00B
- Operating income
- $588.0M
- Net income
- $323.0M
HistoryDividendAnnual yield
| Institutions | 93.77% | 240.90M shares | |
|---|---|---|---|
| 1,325 holders · as of Jun 30, 2026 | |||
| Insiders | 0.56% | 1.43M shares | |
| 21 holders · as of Sep 17, 2026 | |||
| Other | 5.67% | 14.57M shares | |
| remainder | |||
256.90M company shares as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.72% | 19.82M | as of Jun 30, 2026 |
FMR LLCInstitution | 7.26% | 18.65M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 16.78M | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 5.59% | 14.36M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 4.87% | 12.51M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Richard C. Cary | officer: Controller, CAO | −1,000 | $252.86 |
| Sep 2, 2026 | Scott R. Hudson | officer: Vice President | −12,000 | $264.13 |
| Aug 24, 2026 | Walter D. Bay | officer: General Counsel | −12,000 | $270.08 |
| Aug 19, 2026 | Christopher E. Mead | officer: VICE PRESIDENT | −3,500 | $257.03 |
| Jun 2, 2026 | Richard C. Cary | officer: Controller, CAO | −3,000 | $206.00 |
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- Ryan Specialty
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Arthur J. Gallagher | $228.94 | −0.66% | $59.20B | 38.2 | 16.2 | 3.8 | +22.8% |
| Aon | $283.63 | −0.87% | $60.69B | 15.8 | 14.5 | 3.5 | +2.2% |
| Willis Towers Watson | $301.94 | +0.07% | $28.02B | 18.6 | 14.4 | 2.8 | +9.1% |
| Brown & Brown | $62.02 | −0.68% | $20.89B | 18.5 | 13.4 | 3.0 | +34.2% |
| Ryan Specialty | $38.16 | −0.73% | $4.98B | 49.4 | 16.7 | 1.5 | +7.2% |
| Median | 18.5 | 14.5 | 2.9 | +8.1% |