Arthur J. Gallagher & Co. (AJG) Stock Price & Analysis
Arthur J. Gallagher & Co. (AJG) closed at USD 270.98 on Thursday, October 22, 2026, up 4.88% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 258.37; the Oct 22, 2026 session ranged USD 257.52–271 on volume of 2,138,952 shares. Market capitalization is $69.46B, with a 52-week range of USD 190.75–284.33 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AJG.md
Key facts (AJG)
- Last four reported quarters (through Jun 30, 2026): revenue $15.8B, net income $1.57B (10.0% margin), free cash flow $2.29B (SEC filings).
- Valuation: P/E 44.2x, net debt $12.2B.
- 6 of 80 tracked superinvestors hold AJG (13F, Q2 2026): 2 new, 2 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $8.2M; 5 not under a Rule 10b5-1 plan ($8.2M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 3 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.13 on a 1–5 scale) (23 analysts), mean target USD 283.33 (range 242–388).
- Total return with dividends: 1Y -3.0% vs S&P 500 +14.9%; 5Y +72.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 2.99, revenue estimate $3.99B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AJG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $8.21B | $8.55B | $10.1B | $11.6B | $13.9B | $15.8B |
| Gross profit | $7.04B | $8.53B | — | — | — | — |
| Net income | $907M | $1.11B | $970M | $1.46B | $1.49B | $1.57B |
| EPS (diluted) | $4.37 | $5.19 | $4.42 | $6.50 | $5.74 | — |
| Free cash flow | $1.26B | $1.21B | $1.84B | $2.44B | $1.78B | $2.29B |
| Gross margin | 85.7% | 99.7% | — | — | — | — |
| Net margin | 11.0% | 13.0% | 9.6% | 12.7% | 10.7% | 10.0% |
| Revenue growth | +17.2% | +4.2% | +17.8% | +14.7% | +20.7% | — |
| Cash + short-term investments | $403M | $738M | $971M | $15.0B | $1.40B | — |
| Total debt | $6.06B | $5.87B | $7.68B | $12.9B | $12.9B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AJG)
P/E 44.2x · P/S 4.4x · EV/Sales 5.2x · P/FCF 30.4x · P/B 2.9x · FCF yield 3.29% · Earnings yield 2.26% · Dividend yield (paid, TTM) 1.00% · Net debt $12.2B · EV $81.7B
Superinvestors (SEC 13F-HR, Q2 2026) (AJG)
6 of 80 tracked investors hold AJG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Glenn Greenberg | Brave Warrior Advisors | 6.43% | $295M | New position |
| First Pacific Advisors | 3.85% | $307M | Added +244.7% | |
| Dodge & Cox Funds | Dodge & Cox | 1.13% | $2.15B | Added +27.3% |
| Torray Funds | 0.81% | $6.0M | Reduced -9.5% | |
| Mairs & Power | Mairs & Power Funds | 0.66% | $71.5M | New position |
| John Rogers | Ariel Investments | 0.04% | $4.3M | Reduced -5.9% |
Insider sales (SEC Form 4, open-market, last ~7 months) (AJG)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-15 | Cary Richard C | Controller, CAO | 1,000 | $253K | 2.1% | No | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-09-02 | Hudson Scott R | Vice President | 12,000 | $3.2M | 11.7% | No | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-08-24 | Bay Walter D. | General Counsel | 12,000 | $3.2M | 14.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-19 | Mead Christopher E | VICE PRESIDENT | 3,500 | $900K | 13.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-02 | Cary Richard C | Controller, CAO | 3,000 | $618K | 5.9% | No | Routine (sold in May each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (AJG)
Consensus Buy (mean 2.13 on a 1–5 scale), 23 analysts; mean target USD 283.33 (low 242, high 388).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Wells Fargo | Target lowered | Overweight | $291 → $284 |
| 2026-10-07 | Mizuho | Target lowered | Outperform | $292 → $271 |
| 2026-10-07 | Cantor Fitzgerald | Target lowered | Neutral | $300 → $280 |
| 2026-10-06 | Morgan Stanley | Target lowered | Overweight | $285 → $260 |
| 2026-09-25 | Morgan Stanley | Target lowered | Overweight | $290 → $285 |
| 2026-09-24 | RBC Capital | Target lowered | Outperform | $310 → $290 |
| 2026-09-24 | Wells Fargo | Target lowered | Overweight | $296 → $291 |
| 2026-09-16 | Mizuho | Target lowered | Outperform | $300 → $292 |
| 2026-08-19 | Morgan Stanley | Target raised | Overweight | $270 → $290 |
| 2026-08-17 | Argus Research | Target raised | Buy | $267 → $300 |
| 2026-08-04 | Citigroup | Target raised | Buy | $250 → $285 |
| 2026-08-03 | UBS | Target raised | Buy | $291 → $299 |
Total return (dividends reinvested) (AJG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -3.0% | +72.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -3.0% | +11.5% |
| Volatility (annualized) | 32.3% | 24.8% |
| Max drawdown | -31.6% (Oct 2025→May 2026) | -42.2% (May 2025→May 2026) |
AJG revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Brokerage | $3.50B | 87.5% | +25.7% |
| Risk Management | $501.0M | 12.5% | +15.2% |
| Total revenue | $4.00B | 100% | — |
AJG revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $2.70B | 67.4% | +31.7% |
| United Kingdom | $716.0M | 17.9% | +6.7% |
| Other foreign | $242.0M | 6.0% | +33.0% |
| Australia | $182.0M | 4.5% | +16.7% |
| Canada | $105.0M | 2.6% | -1.9% |
| New Zealand | $60.0M | 1.5% | +3.4% |
| Total revenue | $4.00B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AJG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | LLC and BofA Securities | “Public Offering of Common Stock - On December 9, 2024, we entered into an Underwriting Agreement with Morgan Stanley & Co. LLC and BofA Securities, Inc., as representatives of the several underwriters listed thereto, pursuant to which we agreed to sell 30.4 million shares of our common stock for a public per share offering price of $280.00, for an aggregate price purchase price of $8.5 billion.” |
Quoted from the company's 10-K filed Feb 17, 2026.
AJG company outlook (results filed Jul 30, 2026)
- “Clean energy-related - For 2026, this consists of operating results related to Gallagher's investments in new clean energy projects, primarily fusion and carbon sequestration projects.”
Quoted word-for-word from the SEC 8-K results press release.
AJG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.99 | $3.08 | -3.0% | $3.99B | 21 |
| Next quarter (ends Dec 2026) | $2.80 | $2.80 | -0.1% | $3.85B | 20 |
| Current fiscal year (ends Dec 2026) | $13.10 | $13.20 | -0.7% | $16.61B | 23 |
| Next fiscal year (ends Dec 2027) | $14.81 | $14.87 | -0.4% | $18.07B | 23 |
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 270.98 |
|---|---|
| Change | ▲ 4.88% (up) |
| Previous Close | USD 258.37 |
| Open | USD 260 |
| Day Range | USD 257.52 – 271 |
| 52-Week Range | USD 190.75 – 284.33 |
| Volume | 2,138,952 shares |
| Market Cap | $69.46B |
| Exchange | NYQ |
Technical Analysis (AJG)
Nexqual's technical model rates AJG "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 69.21 (neutral) |
| vs SMA50 | Above (USD 246.76) |
| MACD | 5.16 (positive) |
Analyst Ratings (AJG)
Wall Street analysts rate AJG "Buy" based on 23 analysts, with a mean price target of USD 283.33 (range USD 242–388), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 23 |
| Mean Target | USD 283.33 |
| High Target | USD 388 |
| Low Target | USD 242 |
| Buy / Hold / Sell | 16 / 7 / 0 |
Earnings (AJG)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 2.99 |
| Revenue Estimate | $3.99B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.84 vs est 2.81 ▲ beat |
| 2026-03-31 | USD 4.47 vs est 4.43 ▲ beat |
| 2025-12-31 | USD 2.38 vs est 2.35 ▲ beat |
| 2025-09-30 | USD 2.32 vs est 2.54 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (AJG)
| Total Revenue | $15.11B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +30.90% |
| Gross Margin | +43.19% |
| Operating Margin | +19.16% |
| Profit Margin | +10.38% |
| ROE | +6.72% |
| Debt / Equity | 0.59 |
| Current Ratio | 1.05 |
| Total Cash | $1.39B |
| Total Debt | $14.11B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $2.29B (14.5% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (AJG)
Nexqual rates Arthur J. Gallagher & Co.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Strong — Revenue +21% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 43%, operating 19% (last 12 months) |
| Balance Sheet | Solid — $1.39B cash and investments vs $13.6B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $2.29B (last 4 quarters to Jun 2026, SEC), 15% margin |
| Efficiency | Mixed — ROE 7%, ROA 2.3% |
Ownership (AJG)
| Insider Ownership | +0.87% |
|---|---|
| Institutional Ownership | +95.52% |
| Shares Outstanding | 256.34M |
| Float | 253.52M |
| Short % of Float | +3.25% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (AJG)
Arthur J. Gallagher & Co. is led by J. Patrick Gallagher, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:23 UTC.
| Chairman & CEO | J. Patrick Gallagher |
|---|---|
| President | Thomas Joseph Gallagher |
| Corporate VP & CFO | Douglas K. Howell |
| Executive VP & COO | Patrick M. Gallagher |
| Vice President | David R. Long |
Major Backers & Investors (AJG)
Notable institutional backers of Arthur J. Gallagher & Co. include FMR, LLC, JPMorgan, Capital Group, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 7.27% |
| JPMorgan | 5.6% |
| Capital Group | 4.88% |
| Dodge & Cox Inc. | 3.65% |
| Fidelity | 3.3% |
| NORGES BANK | 2.63% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.41% |
| BlackRock | 7.73% |
| State Street | 4.41% |
| Geode Capital | 2.46% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Legal & Regulatory Risks from Arthur J. Gallagher & Co.'s Latest 10-K (filed 2026-02-17)
- Changes in data privacy and protection laws and regulations, or any failure to comply with such laws and regulations, could adversely affect our business and financial results.
- We could be adversely affected by violations or alleged violations of laws that impose requirements for the conduct of our overseas operations, including the FCPA, the U.K. Bribery Act or other anti-corruption laws, sanctions laws, and FATCA.
- We are subject to regulation worldwide. If we fail to comply with regulatory requirements or if regulations change in a way that adversely affects our operations, we may not be able to conduct our business, or we may be less profitable.
- Changes in our accounting estimates and assumptions could negatively affect our financial position and operating results.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AON | Aon plc | USD 306.8 | ▲ 4.23% |
| MRSH | Marsh | USD 199.27 | ▲ 4.57% |
| WTW | Willis Towers Watson Public Lim | USD 332.18 | ▲ 4.58% |
| BRO | Brown & Brown, Inc. | USD 74.49 | ▲ 5.61% |
| ERIE | Erie Indemnity Company | USD 256.8 | ▲ 5.19% |
| RYAN | Ryan Specialty Holdings, Inc. | USD 44.49 | ▲ 5.28% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt