AJG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $226.11
Market Cap (MRQ) $57.95B
P/E (TTM) 37.5
EPS (TTM) $6.03
Revenue (TTM) $15.75B
Div Yield 1.1%
ROE (TTM) 6.7%
Debt/Equity (MRQ) 0.6
52W Range $191–$314

AJG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 3
Ex-date Split Type
Jan. 19, 2001 2-for-1 Forward
March 16, 2000 2-for-1 Forward
July 16, 1986 2-for-1 Forward

About Arthur J. Gallagher & Co. Common Stock Company overview from Wikipedia

05 · wikidata

Arthur J. Gallagher & Co. (Gallagher) is an American insurance brokerage and risk management services company based in Rolling Meadows, Illinois, a suburb of Chicago. The company provides insurance brokerage services (87% of 2025 revenues) and risk management services (13% of 2025 revenues), the latter of which primarily includes the processing of workers compensation and automobile insurance claims through the company's adjusters.

The company is ranked 367th on the Fortune 500 and 192nd on the Forbes Global 2000.

Founded in 1927, the company ranks among the world's largest insurance brokers.

History

Early years

The company that would become Gallagher was established in 1927 as an insurance agency by Arthur Gallagher in Chicago.

In 1938, Gallagher contributed to the development of The Hartford Group’s Retrospective Rating Program, a plan designed to provide financial incentives to policyholders who maintained lower loss records. He also authored what is noted as Chicago’s first large-deductible fire insurance policy, issued to Bowman Dairy Co. At the time, both initiatives were regarded as innovative within the insurance industry.

After World War II, in 1945, Arthur Gallagher’s three sons—Jim, Bob, and John—joined the business.

In 1950, the company was formally incorporated, and each of the three sons was granted an equity stake in the firm.

1980s-present

During the 1980s and 1990s, the company faced significant competitive pressures within the crowded domestic insurance market in the United States.

From 1990 through 2000, the company reported double-digit growth in all but three years, indicating a period of substantial expansion.

In 2000, Gallagher acquired 16 smaller insurance brokerages, which expanded its presence across the United States, eventually leading to operations in all 50 states.

The company began international expansion in 2002 with entry into India and Asia.

In February 2010, Gallagher acquired Securitas Re, a reinsurance brokerage firm based in São Paulo, Brazil, from Estater Gestão de Investimentos Ltda.

In March 2010, Gallagher announced an agreement to acquire substantially all of the insurance brokerage operations of FirstCity Partnership, a London-based firm.

In 2011, Gallagher established operations in Singapore.

In December 2013, Gallagher acquired Bergvall Marine, an insurance brokerage firm based in Oslo, Norway.

The company expanded to Australia in 2014.

In December 2014, Gallagher announced the expansion of its brand presence in Australia through the rebranding of OAMPS Insurance Brokers, following its acquisition of the firm in June of the same year.

In November 2015, Gallagher announced the acquisition of insurance brokers Christie Phoenix (Victoria) and its affiliate Discovery Insurance Services, both based in Victoria, British Columbia.

In December 2015, Gallagher, through its New Zealand subsidiary Crombie Lockwood, acquired Reid Manson, an insurance brokerage based in the central region of the South Island.

In June 2016, Gallagher announced that several Canadian brokerages operating under the Noraxis group would rebrand to Gallagher.

In July 2016, Gallagher acquired an 85% stake in Brim AB, a Stockholm-based specialty insurance and reinsurance brokerage firm.

In August 2017, Gallagher acquired Ballard Benefit Works, a Michigan-based employee benefits brokerage.

In February 2020, Gallagher acquired Affiliated Benefit Consultants, a benefits consulting firm headquartered in Oak Brook, Illinois.

In September 2020, Gallagher reported a ransomware incident affecting certain internal systems. In response to the security event, the company implemented precautionary measures including taking all global systems offline, initiating response protocols, launching an investigation, engaging external cybersecurity professionals, and activating business continuity plans to minimize disruption to customers. By September 28, 2020, the company indicated that it had restarted or was in the process of restarting most of its business systems.

In July 2022, Gallagher acquired Four Corners Group, an executive search firm based in Toronto, Canada.

In December 2022, Gallagher announced the acquisition of Interbrok Group, a retail insurance brokerage firm based in São Paulo, Brazil.

In April 2023, Gallagher acquired BCHR Holdings, operating as Buck, an organization specializing in human resources, pension, and employee benefits consulting services, for $660 million.

In September 2023, Gallagher acquired Eastern Insurance Group, a Massachusetts-based insurance provider that operates as a subsidiary of Eastern Bank.

Also in September 2023, Gallagher announced the acquisition of Lifesure Group Limited, a United Kingdom-based personal lines insurance broking service.

In October 2023, Gallagher acquired Cadence Bank's insurance brokerage unit for $904 million.

In January 2024, Gallagher acquired Köberich Financial Lines, an insurance broker based in Cologne.

In October 2025, Gallagher acquired Meadowbrook Insurance Agency, a retail insurance broker headquartered in Southfield, Michigan.

In August 2025, Gallagher acquired AssuredPartners, a U.S. insurance broker, for $13.45 billion ($12.45 billion net of tax benefits) in the largest sale of a U.S. insurance broker to a strategic acquirer in industry history.

In February 2026, Gallagher Bassett acquired Reck & Co GmbH, a specialist provider of global transport and marine claims services based in Bremen. Reck & Co offers surveying, claim handling, recovery, and loss prevention services.

In February 2026, Gallagher acquired Krose GmbH & Co KG, a commercial insurance and reinsurance broker based in Bremen.

In media

Robert E. Gallagher and Alison Kittrell, The Gallagher Way, released jointly by Marketing Counsel and iUniverse in 2005.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorFinancials industryInsurance employees67,456 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$13.94B
2023-12-31 → 2025-12-31
EPS$5.74
2023-12-31 → 2025-12-31
Net margin10.0%
2023-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend AJG 5Y avg Peer Median Verdict
P/E (TTM) 37.5 · 29.4 Pricier
P/S (TTM) 3.7 · 3.0 Overvalued
P/B (MRQ) 2.4 · 2.5 Fair value
Price / Cash Flow 30.1 · 18.6 Overvalued
Price / Tangible Book (MRQ) 4.3 · · ·
PEG Ratio ≈5.8 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield1.1%
Payout Ratio44.6%
Annualized Payout≈$2.80Paid quarterly
5Y Div CAGR≈7.6%Per share, split-adjusted
Growth Streak≈15Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Sep 8, 2026$0.70USD≈1.1%
Jun 5, 2026$0.70USD≈1.2%
Mar 6, 2026$0.70USD≈1.2%
Dec 5, 2025$0.65USD≈1.1%
Sep 5, 2025$0.65USD≈0.85%
Jun 6, 2025$0.65USD≈0.76%
Mar 7, 2025$0.65USD≈0.76%
Dec 6, 2024$0.60USD≈0.81%
Sep 6, 2024$0.60USD≈0.80%
Jun 7, 2024$0.60USD≈0.91%
Feb 29, 2024$0.60USD≈0.92%
Nov 30, 2023$0.55USD≈0.88%
Aug 31, 2023$0.55USD≈0.94%
Jun 1, 2023$0.55USD≈1.0%
Mar 2, 2023$0.55USD≈1.1%
Dec 1, 2022$0.51USD≈1.0%
Sep 1, 2022$0.51USD≈1.1%
Jun 2, 2022$0.51USD≈1.2%
Mar 3, 2022$0.51USD≈1.2%
Dec 2, 2021$0.48USD≈1.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -1.8%
Next Report Oct 28, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 29, 2026 $2.84 $2.84 -0.01%
March 31, 2026 $4.47 $4.47 -0.04%
Dec. 31, 2025 $2.38 $2.37 0.31%
Sept. 30, 2025 $2.32 $2.57 -9.7%
June 30, 2025 $2.33 $2.39 -2.6%
March 31, 2025 $3.67 $3.62 1.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 11
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $13.94B$11.55B$10.07B$8.55B$8.21B$7.00B$7.20B$6.93B$6.16B$5.59B$5.39B$4.63B
Cost of Revenue ···$23M$1.17B$882M$1.35B$1.82B$1.64B$1.41B·$1.06B
Operating Expenses $2.26B$1.75B$1.69B$1.33B$1.07B$906M$1.07B$904M$829M$776M$841M$743M
Interest Expense $639M$381M$297M$257M$226M$196M$180M$138M$124M$110M$103M$89M
Pretax Income $1.87B$1.88B$1.19B$1.33B$975M$871M$626M$479M$360M$334M$294M$292M
Income Tax $368M$404M$219M$211M$20M$13M$-90M$-196M$-157M$-97M$-96M$-36M
Net Income $1.49B$1.46B$970M$1.11B$907M$819M$669M$634M$481M$397M$357M$303M
EPS (Basic) $5.83$6.63$4.51$5.30$4.47$4.29$3.60$3.47$2.67$2.23$2.07$1.98
EPS (Diluted) $5.74$6.50$4.42$5.19$4.37$4.20$3.52$3.40$2.64$2.22$2.06$1.97
Shares (Basic) 256,100,000220,500,000214,900,000210,300,000202,700,000191,000,000186,000,000182,700,000180,100,000177,600,000172,200,000152,900,000
EBITDA $1.12B$842M$696M$600M$566M$562M$474M$419M$386M$351M$334M$259M
Balance Sheet 25
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents ···$738M$403M$665M$605M$607M$681M$546M$480M$314M
Receivables $5.17B$3.90B$3.79B$2.91B········
Prepaid Expense ···$197M$172M$112M$116M$108M$92M$78M$78M$72M
Other Current Assets $886M$518M$450M$399M$1.45B$1.11B$1.07B$1.02B$882M$634M$587M$667M
Current Assets $34.36B$44.11B$32.12B$22.29B$17.67B$11.12B$9.12B$8.12B$7.27B$4.42B$4.21B$3.81B
PP&E (Net) $789M$650M$726M$576M$501M$451M$467M$437M$412M$378M$249M$195M
PP&E (Gross) $2.27B$1.81B$1.75B$1.46B$1.31B$1.18B$1.06B$942M$881M$789M$648M$549M
Accum. Depreciation $1.48B$1.16B$1.02B$886M$808M$729M$592M$505M$468M$412M$399M$353M
Goodwill $22.59B$12.27B$11.48B$9.49B$8.67B$6.13B$5.62B$4.63B$4.16B$3.75B$3.66B$3.45B
Intangibles $10.68B$4.53B$4.63B$3.37B$3.95B$2.40B$2.32B$1.77B$1.64B$1.63B$1.70B$1.78B
Other Non-current Assets $1.60B$1.35B$1.13B$990M$966M$770M$774M$574M$567M$504M$443M$385M
Total Assets $70.67B$64.25B$51.62B$38.36B$33.24B$22.33B$19.63B$16.33B$14.91B$13.53B$10.91B$10.01B
Short-term Debt $640M$200M$670M$310M$245M$75M$620M$365M$290M$578M$245M$140M
Current Liabilities $32.52B$29.26B$31.06B$21.34B$16.73B$10.13B$8.92B$7.69B$6.73B$4.61B$4.19B$3.64B
Capital Leases $515M$328M$352M$300M$309M$321M$341M·····
Other Non-current Liabilities $2.02B$1.69B$2.32B$1.90B$1.87B$1.31B$1.27B$901M$1.11B$1.08B$964M$937M
Total Liabilities $47.32B$44.08B$40.80B$29.17B$24.78B$16.10B$14.42B$11.76B$10.61B$7.83B$7.22B$6.70B
Long-term Debt $12.87B$23M$24M$17M$23M$20M$18M$20M$20M$27M$63M$46M
Total Debt $12.74B$12.93B$7.68B$5.87B$6.06B$4.34B$4.44B$3.46B$2.98B$2.72B$2.32B$2.27B
Common Stock $257M$250M$217M$212M$208M$194M$188M$184M$181M$178M$177M$165M
Retained Earnings $5.81B$4.99B$4.05B$3.56B$2.88B$2.37B$1.90B$1.56B$1.22B$916M$774M$676M
AOCI $-525M$-1.15B$-792M$-1.14B$-726M$-644M$-760M$-786M$-555M$-764M$-522M$-261M
Stockholders' Equity $23.32B$20.15B$10.78B$9.14B$8.51B$6.19B$5.16B$4.50B$4.24B$3.60B$3.64B$3.23B
Liabilities + Equity $70.67B$64.25B$51.62B$38.36B$33.34B$22.33B$19.63B$16.33B$14.91B$11.49B$10.91B$10.01B
Shares Outstanding 257,000,000250,000,000216,700,000211,900,000208,500,000193,700,000188,100,000184,000,000181,000,000178,300,000176,900,000164,600,000
Cash Flow 18
Metric Trend 202520242023202220212020201920182017201620152014
D&A $1.12B$843M$697M$600M$566M$562M$474M$419M$386M$351M$334M$259M
Stock-based Comp $49M$42M$31M$24M$13M$14M$14M$14M$17M$15M$11M$11M
Deferred Tax $61M$109M$43M$-209M$-184M$-162M$-171M·····
Other Non-cash $-796M$127M$291M$596M$402M$358M$-38M$-301M$-12M$-158M$-50M$-171M
Operating Cash Flow $1.93B$2.58B$2.03B$1.39B$1.39B$1.81B$1.19B$765M$854M$650M$686M$437M
CapEx ·········$218M$99M$82M
Investing Cash Flow $-15.88B$-1.59B$-3.29B$-1.00B$-3.43B$-471M$-1.45B$-910M$-511M$-485M··
Debt Issued ····$1.68B$425M$725M$400M$348M$326M·$1.30B
Net Debt Issued ····$1.68B$425M$725M$400M$348M$326M·$1.20B
Stock Issued $1.50B$8.51B$120M$123M$1.55B$112M$101M$82M$60M$46M$203M$997M
Stock Repurchased ·······$11M$18M$101M··
Net Stock Activity $1.50B$8.51B$120M$123M$1.55B$112M$101M$71M$43M$-55M$203M$997M
Dividends Paid $667M$525M$474M$430M$392M$347M$321M$302M$283M$272M$258M$223M
Financing Cash Flow $1.71B$13.05B$2.87B$213M$3.00B$-505M$638M$162M$-48M$-12M··
Net Change in Cash $-11.93B$13.93B$1.58B$498M$892M$950M$387M$-68M$367M$45M$210M$16M
Taxes Paid $341M$331M$226M$318M$325M$113M$22M$68M$56M$66M··
Free Cash Flow ·········$404M$554M$321M
Levered FCF ·········$267M$417M$220M
Profitability 5
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 10.7%12.7%9.6%13.0%11.1%11.7%··7.5%7.4%6.6%6.6%
Pretax Margin 13.4%16.2%11.8%15.5%11.9%12.4%··6.1%6.4%5.4%5.8%
EBITDA Margin 8.1%7.3%6.9%7.0%6.9%8.0%··6.3%6.3%6.2%5.6%
ROA 2.2%2.4%1.8%2.9%3.0%3.7%3.5%3.9%3.5%3.7%3.4%3.6%
ROE 6.9%9.5%9.7%12.6%12.3%14.4%13.9%14.5%12.0%11.5%10.4%11.4%
Liquidity & Solvency 4
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 1.11.51.01.01.11.11.01.11.11.01.01.0
Quick Ratio 0.20.10.10.00.00.10.10.10.10.10.10.1
Debt / Equity 0.50.60.70.60.70.70.90.80.70.80.60.7
LT Debt / Equity 0.50.60.70.60.70.70.70.70.70.60.60.7
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.20.20.20.20.30.3··0.50.50.50.5
Receivables Turnover 3.13.03.0·········
Per Share 4
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $90.74$80.61$49.72$43.15$40.81$31.94$27.41$24.45$22.68$20.17$20.57$19.62
Cash / Share ···$1.62$1.93$3.43$3.22$3.30$3.76$3.06$2.72$1.91
Dividend / Share $2.60$2.40$2.20$2.04$1.92$1.80$1.72$1.64$1.56$1.52$1.48$1.44
EPS (TTM) $5.74$6.50$4.42$5.19$4.37$4.20$3.52$3.40$2.64$2.22$2.06$1.97
Growth Rates 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 20.7%14.7%17.8%4.2%17.2%·······
Revenue CAGR 3Y 17.7%12.1%12.9%·········
Revenue CAGR 5Y 14.8%···········
EPS YoY -11.7%47.1%-14.8%18.8%4.0%·······
EPS CAGR 3Y 3.4%14.1%1.7%·········
EPS CAGR 5Y 6.5%···········
Net Income YoY 2.1%50.8%-12.9%22.9%10.8%·······
Net Income CAGR 3Y 10.3%17.3%5.8%·········
Net Income CAGR 5Y 12.8%···········
Dividends Paid CAGR 5Y 13.9%···········
Valuation (TTM) 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $13.94B$11.55B$10.07B$8.55B$8.21B$7.00B$7.20B$6.93B$6.16B$5.59B$5.39B$4.63B
Net Income TTM $1.49B$1.46B$970M$1.11B$907M$819M$669M$634M$481M$397M$357M$303M
Market Cap $66.51B$70.96B$48.73B$39.95B$35.38B$23.96B$17.91B$13.56B$11.45B$9.26B$7.24B$7.75B
Enterprise Value ···$45.48B$41.03B$27.64B$21.74B$16.41B$13.75B$11.44B$9.08B$9.70B
P/E 45.143.750.936.338.829.527.121.724.023.419.923.9
P/S 4.86.14.84.74.33.42.52.01.91.71.31.7
P/B 2.93.54.54.44.23.93.53.02.82.62.02.4
P / Tangible Book ·21.2··········
P / Cash Flow 34.527.524.018.820.813.716.017.713.414.911.119.3
P / FCF ·········22.913.124.2
EV / EBITDA ···75.972.549.145.839.235.732.627.237.5
EV / FCF ·········28.316.430.2
EV / Revenue ···5.35.03.93.02.42.22.01.72.1
Dividend Yield 1.0%0.74%0.97%1.1%1.1%1.5%1.8%2.2%2.5%2.9%3.6%2.9%
Earnings Yield 2.2%2.3%2.0%2.8%2.6%3.4%3.7%4.6%4.2%4.3%5.0%4.2%
Payout Ratio 44.6%35.9%48.9%38.6%43.2%42.4%48.0%47.6%61.1%65.7%72.2%73.5%
Annual Payout $667M$525M$474M$430M$392M$347M$321M$302M$283M$272M$258M$223M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312025-06-302025-03-312024-12-312024-09-30
Revenue $13.94B · · $11.55B ·
Net Income $1.49B · · $1.46B ·
Diluted EPS $5.74 · · $6.50 ·

Institutional owners (13F) 1,391 filers · $62.1B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 1,391
Value held $62.1B
New positions 154
Exited positions 105
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
154 (-22 vs prior Q) 105 (-65 vs prior Q) 462 (+30 vs prior Q) 487 (+17 vs prior Q) +6.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $8,123,533,521 31,390,446 13.08% Shares
BlackRock, Inc. $4,550,736,475 19,822,870 7.33% Shares
FMR LLC $4,280,475,069 18,645,620 6.89% Shares
VANGUARD CAPITAL MANAGEMENT LLC $3,851,537,901 16,777,183 6.20% Shares
JPMORGAN CHASE & CO $3,260,708,906 14,356,764 5.25% Shares
Capital World Investors $2,872,235,049 12,511,991 4.63% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,859,231,218 12,454,725 4.60% Shares
STATE STREET CORP $2,595,011,070 11,303,790 4.18% Shares
Dodge & Cox $2,149,609,457 9,363,634 3.46% Shares
NORGES BANK $1,545,876,170 6,733,790 2.49% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,446,658,088 6,298,870 2.33% Shares
EAGLE CAPITAL MANAGEMENT LLC $1,122,737,692 4,890,612 1.81% Shares
PRINCIPAL FINANCIAL GROUP INC $802,311,830 3,494,796 1.29% Shares
GOLDMAN SACHS GROUP INC $646,933,249 2,818,022 1.04% Shares
MORGAN STANLEY $595,013,335 2,591,858 0.96% Shares
Capital Research Global Investors $593,625,531 2,585,853 0.96% Shares
WCM INVESTMENT MANAGEMENT, LLC $550,893,700 2,425,562 0.89% Shares
GTCR LLC $544,947,068 2,373,773 0.88% Shares
FRANKLIN RESOURCES INC $509,448,297 2,219,141 0.82% Shares
NORTHERN TRUST CORP $506,140,556 2,204,733 0.82% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $495,071,015 2,156,506 0.80% Shares
Capital International Investors $459,536,264 2,002,580 0.74% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $440,226,807 1,917,615 0.71% Shares
JANUS HENDERSON GROUP PLC $426,886,844 1,970,990 0.69% Shares
Invesco Ltd. $401,942,208 1,750,848 0.65% Shares
BANK OF AMERICA CORP /DE/ $353,766,791 1,540,997 0.57% Shares
VANGUARD FIDUCIARY TRUST CO $331,153,348 1,442,494 0.53% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $314,012,628 1,449,869 0.51% Shares
First Pacific Advisors, LP $306,772,095 1,336,290 0.49% Shares
Legal & General Group Plc $299,886,147 1,306,295 0.48% Shares
Brave Warrior Advisors, LLC $295,002,501 1,285,022 0.48% Shares
WELLINGTON MANAGEMENT GROUP LLP $294,188,216 1,281,475 0.47% Shares
Bank of New York Mellon Corp $289,484,067 1,260,984 0.47% Shares
BROWN ADVISORY INC $282,351,582 1,229,898 0.45% Shares
FIL Ltd $258,487,784 1,125,965 0.42% Shares
UBS Group AG $244,376,806 1,064,498 0.39% Shares
BECK MACK & OLIVER LLC $243,781,531 1,061,905 0.39% Shares
BROWN BROTHERS HARRIMAN & CO $229,786,848 1,000,945 0.37% Shares
Guinness Asset Management LTD $194,729,830 851,348 0.31% Shares
ENVESTNET ASSET MANAGEMENT INC $191,284,684 833,230 0.31% Shares
DIMENSIONAL FUND ADVISORS LP $189,612,922 826,025 0.31% Shares
BRANDES INVESTMENT PARTNERS, LP $186,646,545 813,014 0.30% Shares
Amundi $183,535,476 799,475 0.30% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $183,427,119 799,003 0.30% Shares
Focus Partners Wealth $177,050,457 771,225 0.29% Shares
COOKE & BIELER LP $176,682,352 769,623 0.28% Shares
CIBC Bancorp USA Inc. $174,939,542 761,528 0.28% Shares
Nuveen, LLC $166,630,347 725,837 0.27% Shares
Swiss National Bank $166,452,024 725,060 0.27% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $164,469,458 716,424 0.26% Shares

Show all 1,391 institutional owners →

Company insiders 41 insiders · 23 officers · 21 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Patrick J Gallagher JR CEO Sept. 8, 2026 G 0 0 1 $-6,322,010
Douglas K Howell VP & Chief Financial Officer June 22, 2026 I 106,710 0 1 $-1,290,250
Thomas Joseph Gallagher President July 1, 2026 M 323,743 0 0 $0
Patrick Murphy Gallagher Chief Operating Officer Sept. 8, 2026 G 148,093 0 0 $0
Richard C Cary Controller, CAO Sept. 15, 2026 S 46,819 0 3 $-2,436,860
Scott R Hudson Vice President Sept. 2, 2026 M 90,262 0 2 $-4,034,326
Walter D. Bay General Counsel Aug. 24, 2026 S 71,292 0 2 $-7,282,710
Christopher E Mead VICE PRESIDENT Aug. 19, 2026 M 22,223 0 4 $-3,153,915
Mark H. Bloom Vice President Aug. 16, 2026 M 4,417 0 0 $0
Michael Robert Pesch Vice President July 1, 2026 M 44,833 4 0 $988,489
Vishal Jain VICE PRESIDENT July 1, 2026 M 68,903 0 0 $0
William F Ziebell VICE PRESIDENT March 31, 2026 M 48,685 0 0 $0
Susan E Pietrucha Chief Human Resources Officer March 15, 2026 F 16,397 0 0 $0
Joel D Cavaness Vice President April 29, 2024 M 159,581 0 0 $0
James W Durkin JR Vice President Jan. 29, 2018 M 303,317 0 0 $0
James S Gault Vice President Nov. 30, 2017 M 129,637 0 0 $0
David E Mcgurn JR Vice President June 10, 2015 M 15,466 0 0 $0
Richard J Mckenna Vice President Aug. 11, 2009 J 66,785 0 0 $0
John C Rosengren VP, Gen. Counsel & Secretary May 15, 2007 A 262 0 0 $0
Elizabeth Brinkerhoff Vice President June 14, 2006 M 20,996 0 0 $0
Robert E Gallagher Chairman March 14, 2006 A 16,951 0 0 $0
Nicholas M Elsberg Vice President July 21, 2005 A 23,723 0 0 $0
James J Braniff III Vice President Nov. 26, 2003 M 157,056 0 0 $0
Christopher C. Miskel Director Sept. 1, 2026 A 10,826 0 0 $0
David S Johnson Director June 1, 2026 A 47,387 0 0 $0
Richard De Winton Wilkin Harries Director May 12, 2026 A 2,413 0 0 $0
Teresa Hillary Clarke Director May 12, 2026 A 5,567 0 0 $0
David John Coldman Director May 12, 2026 A 16,344 0 0 $0
Deborah H Caplan Director May 12, 2026 A 2,650 0 0 $0
Ralph J Nicoletti Director May 12, 2026 A 18,414 0 0 $0
Norman L Rosenthal Director May 12, 2026 A 43,327 0 0 $0
Sherry S Barrat Director May 13, 2025 A 18,073 0 0 $0
William L Bax Director May 7, 2024 M 47,904 0 0 $0
Kay W Mccurdy Director May 9, 2023 M 30,621 0 0 $0
Frank E. English Jr. Director Nov. 4, 2020 S 5,500 0 0 $0
Elbert O Hand Director May 16, 2018 M 33,200 0 0 $0
James R Wimmer Director May 21, 2014 M 27,743 0 0 $0
Ilene S Gordon Director May 7, 2013 M 21,745 0 0 $0
Kimball T Brooker Director Jan. 27, 2010 M 188,040 0 0 $0
COUGHLAN GARY P/PA Director May 15, 2007 A 8,000 0 0 $0
Bernard L Hengesbaugh Director Dec. 9, 2004 P 1,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 121 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
KBWP · Invesco Exchange-Traded Fund Trust … 3.76% 45,022 SH Oct. 1, 2026 Daily
SOVF · Elevation Series Trust 2.23% 7,813 NS July 31, 2026 N-PORT
RSPF · Invesco Exchange-Traded Fund Trust 1.31% 21,304 SH Oct. 1, 2026 Daily
GDIV · Harbor ETF Trust 1.06% 10,030 NS July 31, 2026 N-PORT
VOE · VANGUARD INDEX FUNDS 1.02% 1,650,247 SH Aug. 19, 2026 Daily
IYF · iShares Trust 0.94% 169,979 SH Sept. 11, 2026 Daily
ESLV · Strategy Shares 0.76% 437 NS July 31, 2026 N-PORT
ESLG · Strategy Shares 0.76% 710 NS July 31, 2026 N-PORT
FNCL · FIDELITY COVINGTON TRUST 0.71% 67,540 NS July 31, 2026 N-PORT
VFH · VANGUARD WORLD FUND 0.69% 418,822 SH Aug. 19, 2026 Daily
ESUM · Strategy Shares 0.63% 4,586 NS July 31, 2026 N-PORT
UPSD · ETF Series Solutions 0.62% 2,914 NS July 31, 2026 N-PORT
VO · VANGUARD INDEX FUNDS 0.57% 5,567,393 SH Aug. 19, 2026 Daily
FFLC · FIDELITY COVINGTON TRUST 0.54% 26,253 NS July 31, 2026 N-PORT
HELO · J.P. Morgan Exchange-Traded Fund Tr… 0.54% 100,660 NS July 31, 2026 N-PORT
FAS · Direxion Shares ETF Trust 0.54% 50,621 NS July 31, 2026 N-PORT
IMCG · iShares Trust 0.52% 85,306 SH Sept. 11, 2026 Daily
FDLO · FIDELITY COVINGTON TRUST 0.50% 28,467 NS July 31, 2026 N-PORT
IMCB · iShares Trust 0.43% 29,859 SH Sept. 11, 2026 Daily
IXG · iShares Trust 0.39% 11,205 SH Sept. 11, 2026 Daily
PABU · iShares Trust 0.39% 39,984 SH Sept. 11, 2026 Daily
LQAI · Exchange Listed Funds Trust 0.38% 34 NS July 31, 2026 N-PORT
VFVA · VANGUARD WELLINGTON FUND 0.38% 13,998 SH Aug. 19, 2026 Daily
XOEF · iShares Trust 0.35% 324 SH Sept. 11, 2026 Daily
IMCV · iShares Trust 0.34% 16,306 SH Sept. 10, 2026 Daily
USMV · iShares Trust 0.33% 321,096 SH Sept. 11, 2026 Daily
VIG · VANGUARD SPECIALIZED FUNDS 0.26% 1,451,347 SH Aug. 19, 2026 Daily
USXF · iShares Trust 0.25% 15,258 SH Sept. 11, 2026 Daily
JOYT · J.P. Morgan Exchange-Traded Fund Tr… 0.25% 981 NS July 31, 2026 N-PORT
FFLV · FIDELITY COVINGTON TRUST 0.24% 161 NS July 31, 2026 N-PORT
IWX · iShares Trust 0.23% 36,766 SH Sept. 11, 2026 Daily
SIZE · iShares Trust 0.22% 3,924 SH Sept. 11, 2026 Daily
VTV · VANGUARD INDEX FUNDS 0.22% 2,446,303 SH Aug. 19, 2026 Daily
PFM · Invesco Exchange-Traded Fund Trust 0.22% 7,317 SH Oct. 1, 2026 Daily
VEGN · ETF Series Solutions 0.21% 1,505 NS July 31, 2026 N-PORT
IVE · iShares Trust 0.21% 427,164 SH Sept. 11, 2026 Daily
VOOV · VANGUARD ADMIRAL FUNDS 0.20% 59,163 SH Aug. 19, 2026 Daily
IUSV · iShares Trust 0.20% 224,509 SH Sept. 11, 2026 Daily
EQTY · Valued Advisers Trust 0.19% 11,035 NS July 31, 2026 N-PORT
EUSA · iShares, Inc. 0.19% 15,156 SH Sept. 11, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.19% 800,846 SH Oct. 1, 2026 Daily
DSI · iShares Trust 0.18% 39,240 SH Sept. 11, 2026 Daily
DGRO · iShares Trust 0.18% 311,950 SH Sept. 11, 2026 Daily
BSCR · Invesco Exchange-Traded Self-Indexe… 0.17% 7,817,000 Oct. 1, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.17% 225,000 Oct. 1, 2026 Daily
BSCT · Invesco Exchange-Traded Self-Indexe… 0.17% 4,972,000 Oct. 1, 2026 Daily
IWD · iShares Trust 0.17% 566,624 SH Sept. 11, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.16% 153,911 SH Aug. 19, 2026 Daily
EGLE · Global X Funds 0.15% 13 NS July 31, 2026 N-PORT
ILCG · iShares Trust 0.12% 14,949 SH Sept. 11, 2026 Daily
TOPC · iShares Trust 0.12% 156 SH Sept. 11, 2026 Daily
CATH · Global X Funds 0.11% 5,917 NS July 31, 2026 N-PORT
IWL · iShares Trust 0.11% 9,880 SH Sept. 11, 2026 Daily
XVV · iShares Trust 0.11% 2,966 SH Sept. 11, 2026 Daily
CHRI · Global X Funds 0.11% 34 NS July 31, 2026 N-PORT
XRMI · Global X Funds 0.11% 211 NS July 31, 2026 N-PORT
XYLG · Global X Funds 0.10% 266 NS July 31, 2026 N-PORT
XYLD · Global X Funds 0.10% 13,420 NS July 31, 2026 N-PORT
ESGV · VANGUARD WORLD FUND 0.10% 57,654 SH Aug. 19, 2026 Daily
PTLC · Pacer Funds Trust 0.10% 13,013 NS July 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.10% 2,195 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.10% 21,734 NS July 31, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.10% 35,118 NS July 31, 2026 N-PORT
XCLR · Global X Funds 0.10% 14 NS July 31, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.10% 6,137 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.10% 4,304 NS July 31, 2026 N-PORT
IQSU · New York Life Investments ETF Trust 0.10% 1,277 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.10% 3,238,287 SH Sept. 11, 2026 Daily
ILCB · iShares Trust 0.09% 4,975 SH Sept. 11, 2026 Daily
XTR · Global X Funds 0.09% 18 NS July 31, 2026 N-PORT
QVML · Invesco Exchange-Traded Fund Trust … 0.09% 6,768 SH Oct. 1, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.09% 969 NS July 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.09% 8,319 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.09% 21 NS July 31, 2026 N-PORT
VOO · VANGUARD INDEX FUNDS 0.09% 6,671,901 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.09% 300,036 SH Aug. 19, 2026 Daily
QDPL · Pacer Funds Trust 0.09% 6,159 NS July 31, 2026 N-PORT
TOV · EA Series Trust 0.09% 980 NS July 31, 2026 N-PORT
PBP · Invesco Exchange-Traded Fund Trust 0.09% 1,525 SH Oct. 1, 2026 Daily
IYY · iShares Trust 0.09% 11,077 SH Sept. 11, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.09% 44,423 SH Oct. 1, 2026 Daily
IWB · iShares Trust 0.09% 176,865 SH Sept. 11, 2026 Daily
USCL · iShares Trust 0.09% 10,161 SH Sept. 10, 2026 Daily
IWV · iShares Trust 0.09% 70,422 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.09% 334,523 SH Sept. 11, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.08% 8,158,534 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.08% 42,288 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.08% 21,486 SH Aug. 19, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.08% 1,787 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.08% 38,357 NS July 31, 2026 N-PORT
RWL · Invesco Exchange-Traded Fund Trust … 0.08% 32,158 SH Oct. 1, 2026 Daily
DCOR · Dimensional ETF Trust 0.08% 10,120 NS July 31, 2026 N-PORT
PHDG · Invesco Actively Managed Exchange-T… 0.08% 203 SH Oct. 1, 2026 Daily
SPXL · Direxion Shares ETF Trust 0.07% 20,082 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.07% 707 SH Sept. 11, 2026 Daily
ILCV · iShares Trust 0.07% 3,926 SH Sept. 11, 2026 Daily
DFAC · Dimensional ETF Trust 0.07% 133,322 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.07% 57,918 NS July 31, 2026 N-PORT
URTH · iShares, Inc. 0.07% 22,930 SH Sept. 11, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.07% 28,400 SH Oct. 1, 2026 Daily
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.07% 21,717 NS July 31, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.06% 2,162 SH Oct. 1, 2026 Daily
TILT · FlexShares Trust 0.06% 5,372 NS July 31, 2026 N-PORT
ACWI · iShares Trust 0.06% 81,533 SH Sept. 11, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.05% 212,349 SH Aug. 19, 2026 Daily
CRBN · iShares Trust 0.05% 2,183 SH Sept. 11, 2026 Daily
ACVF · ETF Opportunities Trust 0.04% 229 NS July 31, 2026 N-PORT
DFLV · Dimensional ETF Trust 0.01% 3,519 NS July 31, 2026 N-PORT
OMFL · Invesco Exchange-Traded Self-Indexe… 0.01% 1,251 SH Oct. 1, 2026 Daily
GTOS · Invesco Actively Managed Exchange-T… 0.00% 2,000 Sept. 30, 2026 Daily
GTO · Invesco Actively Managed Exchange-T… 0.00% 5,000 Sept. 30, 2026 Daily
BIV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VCRB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VPLS · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VCIT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
VCEB · VANGUARD WORLD FUND · · July 30, 2026 Daily

AJG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 29 analysts BUY
Median target $288.50 +27.6%
6 20.7% Strong Buy
16 55.2% Buy
7 24.1% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

18 analysts · 2026-09-20

Mean target $291.28 +28.8%

← Below all targets Current price $226.11
Low$253.00 Mean$291.28 High$388.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
AJG $66.51B 45.1 20.7% 10.7% 6.9% ·
MRSH $89.98B 22.0 10.3% 15.4% 28.1% ·
BRO $26.78B 25.2 22.8% 17.9% 8.7% ·
RYAN · · 21.3% 2.1% 9.9% ·
HGTY · · 17.3% 10.2% 80.3% ·
BWIN · -48.1 8.3% -2.2% -5.7% ·
LIFE · · 52.0% 18.4% -108.4% ·
GSHD · 70.8 16.2% 7.6% -107.8% ·
TWFG · 54.3 22.0% · · ·
ABX $833M 23.8 110.2% 15.5% 8.8% 87.7%

Latest News Recent headlines mentioning this company

23

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26

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Source: SEC 10-Q filed Aug 5, 2026