Symbols / AJG Stock $197.40 -0.59% Arthur J. Gallagher & Co.

Financial Services • Insurance Brokers • United States • NYQ
AJG (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance Brokers
CEO Mr. J. Patrick Gallagher Jr.
Exch · Country NYQ · United States
Market Cap 50.72B
Enterprise Value 62.70B
Income 1.61B
Sales 14.20B
FCF (ttm) 1.08B
Book/sh 92.55
Cash/sh 5.50
Employees 72,373
Insider 10d —
IPO Jun 20, 1984
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 42.88%
P/E 31.94
Forward P/E 13.29
PEG 0.85
P/S 3.57
P/B 2.13
P/C —
EV/EBITDA 15.83
EV/Sales 4.42
Quick Ratio 0.19
Current Ratio 1.06
Debt/Eq 56.18
LT Debt/Eq —
EPS (ttm) 6.18
EPS next Y 14.85
EPS Growth 16.20%
Revenue Growth 34.60%
EPS Gr Q/Q 16.80%
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 2.28%
ROE 7.01%
ROIC —
Gross Margin 42.93%
Oper. Margin 28.40%
Profit Margin 11.35%
Shs Outstand 256.94M
Shs Float 254.07M
Insider Own 0.87%
Instit Own 92.91%
Short Float 2.53%
Short Ratio 3.03
Short Interest 6.43M
52W High 351.23
vs 52W High -43.80%
52W Low 194.15
vs 52W Low 1.67%
Beta 0.55
Impl. Vol. 53.25%
Rel Volume 0.75
Avg Volume 2.13M
Volume 1.60M
Target (mean) $267.11
Tgt Median $265.00
Tgt Low $211.00
Tgt High $388.00
# Analysts 19
Recom Buy
Prev Close $198.57
Price $197.40
Change -0.59%
About

Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. The company operates in Brokerage and Risk Management segments. Its Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises. This segment performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers services in the areas of insurance and reinsurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment provides contract claim settlement and administration services; and claims management, loss control consulting, and insurance property appraisal services. The company offers its services through a network of correspondent brokers and consultants. It serves commercial, industrial, public, religious, and nonprofit entities, as well as underwriting enterprises. The company was founded in 1927 and is headquartered in Rolling Meadows, Illinois.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$267.11
Mean price target
2. Current target
$197.40
Latest analyst target
3. DCF / Fair value
$75.67
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$197.40
Low
$211.00
High
$388.00
Mean
$267.11

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-06 up Citigroup Neutral → Buy $250
2026-05-01 main Truist Securities Hold → Hold $225
2026-05-01 main Piper Sandler Neutral → Neutral $211
2026-05-01 main Keefe, Bruyette & Woods Market Perform → Market Perform $235
2026-04-13 main Mizuho Outperform → Outperform $259
2026-04-09 main Wells Fargo Overweight → Overweight $266
2026-04-08 main Barclays Overweight → Overweight $275
2026-04-07 main Keefe, Bruyette & Woods Market Perform → Market Perform $246
2026-03-24 up BMO Capital Market Perform → Outperform $278
2026-03-19 main Wells Fargo Overweight → Overweight $273
2026-03-18 main Truist Securities Hold → Hold $235
2026-03-11 up Barclays Underweight → Overweight $262
2026-02-27 up Mizuho Neutral → Outperform —
2026-02-23 main Piper Sandler Neutral → Neutral $226
2026-02-02 main Citigroup Neutral → Neutral $280
2026-02-02 main UBS Neutral → Neutral $283
2026-02-02 main Jefferies Hold → Hold $280
2026-01-30 main Piper Sandler Neutral → Neutral $249
2026-01-30 main Wells Fargo Overweight → Overweight $298
2026-01-30 main Keefe, Bruyette & Woods Market Perform → Market Perform $249
News
RSS: Latest AJG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 HUDSON SCOTT R Officer — 63 $215.95 $13,745
2026-03-31 GALLAGHER THOMAS JOSEPH President — 76 $215.95 $16,495
2026-03-31 BAY WALTER D General Counsel — 1,415 — —
2026-03-31 CARY RICHARD C Officer — 471 — —
2026-03-31 HOWELL DOUGLAS K Chief Financial Officer — 76 $215.95 $16,495
2026-03-31 ZIEBELL WILLIAM F Officer — 50 $215.95 $10,996
2026-03-31 JAIN VISHAL Officer — 50 — —
2026-03-31 GALLAGHER J PATRICK JR Chief Executive Officer — 5,345 $215.95 $1,154,448
2026-03-23 GALLAGHER THOMAS JOSEPH President — 1,232 $0.00 $0
2026-03-23 GALLAGHER PATRICK MURPHY Chief Operating Officer — 704 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
13,942.00
+20.66%
11,555.00
+14.72%
10,072.00
+17.79%
8,550.60
Operating Revenue
12,988.00
+20.55%
10,774.00
+14.89%
9,378.00
+18.29%
7,928.10
Cost Of Revenue
8,006.00
+19.92%
6,676.00
+14.59%
5,826.00
+17.62%
4,953.20
Reconciled Cost Of Revenue
8,006.00
+19.92%
6,676.00
+14.59%
5,826.00
+17.62%
4,953.20
Gross Profit
5,936.00
+21.66%
4,879.00
+14.91%
4,246.00
+18.03%
3,597.40
Operating Expense
3,380.00
+30.15%
2,597.00
+8.84%
2,386.00
+23.59%
1,930.50
Other Operating Expenses
2,258.00
+28.73%
1,754.00
+3.85%
1,689.00
+26.91%
1,330.90
Total Expenses
11,386.00
+22.79%
9,273.00
+12.92%
8,212.00
+19.30%
6,883.70
Operating Income
2,556.00
+12.01%
2,282.00
+22.69%
1,860.00
+11.58%
1,666.90
EBITDA
3,632.00
+17.20%
3,099.00
+42.22%
2,179.00
-0.21%
2,183.50
Normalized EBITDA
3,678.00
+17.70%
3,125.00
+22.21%
2,557.00
+12.82%
2,266.50
Reconciled Depreciation
1,122.00
+33.10%
843.00
+20.95%
697.00
+16.24%
599.60
EBIT
2,510.00
+11.26%
2,256.00
+52.23%
1,482.00
-6.43%
1,583.90
Total Unusual Items
-46.00
-76.92%
-26.00
+93.12%
-378.00
-355.42%
-83.00
Total Unusual Items Excluding Goodwill
-46.00
-76.92%
-26.00
+93.12%
-378.00
-355.42%
-83.00
Special Income Charges
-46.00
-76.92%
-26.00
+93.12%
-378.00
-355.42%
-83.00
Other Special Charges
—
—
—
—
Restructuring And Mergern Acquisition
46.00
+76.92%
26.00
-93.12%
378.00
+355.42%
83.00
Net Income
1,494.00
+2.12%
1,463.00
+50.82%
970.00
-12.94%
1,114.20
Pretax Income
1,871.00
-0.21%
1,875.00
+58.23%
1,185.00
-10.70%
1,327.00
Net Non Operating Interest Income Expense
-639.00
-67.72%
-381.00
-28.28%
-297.00
-15.61%
-256.90
Interest Expense Non Operating
639.00
+67.72%
381.00
+28.28%
297.00
+15.61%
256.90
Net Interest Income
-639.00
-67.72%
-381.00
-28.28%
-297.00
-15.61%
-256.90
Interest Expense
639.00
+67.72%
381.00
+28.28%
297.00
+15.61%
256.90
Other Income Expense
-46.00
-76.92%
-26.00
+93.12%
-378.00
-355.42%
-83.00
Gain On Sale Of Business
—
—
—
13.00
Tax Provision
368.00
-8.91%
404.00
+84.47%
219.00
+3.79%
211.00
Tax Rate For Calcs
0.00
-8.72%
0.00
+16.47%
0.00
+16.35%
0.00
Tax Effect Of Unusual Items
-9.05
-61.50%
-5.60
+91.99%
-69.93
-429.89%
-13.20
Net Income Including Noncontrolling Interests
1,503.00
+2.18%
1,471.00
+52.28%
966.00
-13.44%
1,116.00
Net Income From Continuing Operation Net Minority Interest
1,494.00
+2.12%
1,463.00
+50.82%
970.00
-12.94%
1,114.20
Net Income From Continuing And Discontinued Operation
1,494.00
+2.12%
1,463.00
+50.82%
970.00
-12.94%
1,114.20
Net Income Continuous Operations
1,503.00
+2.18%
1,471.00
+52.28%
966.00
-13.44%
1,116.00
Minority Interests
-9.00
-12.50%
-8.00
-300.00%
4.00
+322.22%
-1.80
Normalized Income
1,530.95
+3.21%
1,483.40
+16.07%
1,278.07
+7.94%
1,184.00
Net Income Common Stockholders
1,494.00
+2.12%
1,463.00
+50.82%
970.00
-12.94%
1,114.20
Diluted EPS
5.74
-11.69%
6.50
+47.06%
4.42
-14.84%
5.19
Basic EPS
5.83
-12.07%
6.63
+47.06%
4.51
-14.85%
5.30
Basic Average Shares
256.15
+16.17%
220.50
+2.59%
214.93
+2.19%
210.33
Diluted Average Shares
260.13
+15.63%
224.97
+2.56%
219.36
+2.19%
214.67
Diluted NI Availto Com Stockholders
1,494.00
+2.12%
1,463.00
+50.82%
970.00
-12.94%
1,114.20
Amortization
916.00
+37.74%
665.00
+25.00%
532.00
+16.95%
454.90
Amortization Of Intangibles Income Statement
916.00
+37.74%
665.00
+25.00%
532.00
+16.95%
454.90
Depreciation Amortization Depletion Income Statement
1,122.00
+33.10%
843.00
+20.95%
697.00
+16.24%
599.60
Depreciation And Amortization In Income Statement
1,122.00
+33.10%
843.00
+20.95%
697.00
+16.24%
599.60
Depreciation Income Statement
206.00
+15.73%
178.00
+7.88%
165.00
+14.03%
144.70
Total Other Finance Cost
—
—
—
256.90
Line Item Trend 2023-12-31
Total Assets
51,615.80
Current Assets
32,116.10
Cash Cash Equivalents And Short Term Investments
971.50
Cash And Cash Equivalents
971.50
Receivables
3,786.60
Accounts Receivable
3,786.60
Gross Accounts Receivable
3,809.60
Allowance For Doubtful Accounts Receivable
-23.00
Other Receivables
—
Prepaid Assets
—
Current Deferred Assets
169.10
Restricted Cash
26,907.90
Other Current Assets
281.00
Total Non Current Assets
19,499.70
Net PPE
1,126.70
Gross PPE
2,150.60
Accumulated Depreciation
-1,023.90
Properties
0.00
Land And Improvements
168.90
Machinery Furniture Equipment
1,263.40
Construction In Progress
54.10
Other Properties
431.60
Leases
232.60
Goodwill And Other Intangible Assets
16,108.90
Goodwill
11,475.60
Other Intangible Assets
4,633.30
Non Current Deferred Assets
1,132.30
Non Current Deferred Taxes Assets
1,132.30
Other Non Current Assets
1,131.80
Total Liabilities Net Minority Interest
40,800.50
Current Liabilities
31,064.70
Payables And Accrued Expenses
—
Payables
—
Accounts Payable
—
Pensionand Other Post Retirement Benefit Plans Current
2,553.10
Current Debt And Capital Lease Obligation
959.00
Current Debt
959.00
Other Current Borrowings
670.00
Current Deferred Liabilities
644.70
Current Deferred Revenue
644.70
Other Current Liabilities
26,907.90
Total Non Current Liabilities Net Minority Interest
9,735.80
Long Term Debt And Capital Lease Obligation
7,358.20
Long Term Debt
7,006.00
Long Term Capital Lease Obligation
352.20
Non Current Deferred Liabilities
61.50
Non Current Deferred Revenue
61.50
Other Non Current Liabilities
2,316.10
Stockholders Equity
10,775.30
Common Stock Equity
10,775.30
Capital Stock
216.70
Common Stock
216.70
Share Issued
216.70
Ordinary Shares Number
216.70
Treasury Shares Number
0.00
Additional Paid In Capital
7,297.80
Retained Earnings
4,052.90
Gains Losses Not Affecting Retained Earnings
-792.10
Minority Interest
40.00
Other Equity Adjustments
-792.10
Total Equity Gross Minority Interest
10,815.30
Total Capitalization
17,781.30
Working Capital
1,051.40
Invested Capital
18,740.30
Total Debt
8,317.20
Net Debt
6,993.50
Capital Lease Obligations
352.20
Net Tangible Assets
-5,333.60
Tangible Book Value
-5,333.60
Line Of Credit
289.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,930.00
-25.28%
2,583.00
+27.12%
2,032.00
+46.19%
1,390.00
Cash Flow From Continuing Operating Activities
1,930.00
-25.28%
2,583.00
+27.12%
2,032.00
+46.19%
1,390.00
Net Income From Continuing Operations
1,503.00
+2.18%
1,471.00
+52.28%
966.00
-13.44%
1,116.00
Depreciation Amortization Depletion
1,122.00
+33.10%
843.00
+20.95%
697.00
+16.24%
599.60
Depreciation
206.00
+15.73%
178.00
+7.88%
165.00
—
Amortization Cash Flow
916.00
+37.74%
665.00
+25.00%
532.00
—
Depreciation And Amortization
1,122.00
+33.10%
843.00
+20.95%
697.00
+16.24%
599.60
Amortization Of Intangibles
916.00
+37.74%
665.00
+25.00%
532.00
—
Other Non Cash Items
-297.00
-397.00%
100.00
-75.90%
415.00
+378.66%
86.70
Stock Based Compensation
49.00
+16.67%
42.00
+35.48%
31.00
+27.05%
24.40
Deferred Tax
61.00
-44.04%
109.00
+153.49%
43.00
+120.57%
-209.00
Deferred Income Tax
61.00
-44.04%
109.00
+153.49%
43.00
+120.57%
-209.00
Operating Gains Losses
31.00
+234.78%
-23.00
-1250.00%
2.00
+104.44%
-45.00
Gain Loss On Investment Securities
-23.00
+0.00%
-23.00
-187.50%
-8.00
+27.27%
-11.00
Net Foreign Currency Exchange Gain Loss
54.00
0.00
-100.00%
10.00
+129.41%
-34.00
Change In Working Capital
-539.00
-1414.63%
41.00
+133.61%
-122.00
+33.22%
-182.70
Change In Receivables
-278.00
-327.69%
-65.00
+87.10%
-504.00
-57.70%
-319.60
Changes In Account Receivables
-278.00
-327.69%
-65.00
+87.10%
-504.00
-57.70%
-319.60
Change In Payables And Accrued Expense
52.00
-83.80%
321.00
-16.62%
385.00
+127.95%
168.90
Change In Accrued Expense
112.00
-69.15%
363.00
-21.60%
463.00
+289.08%
119.00
Change In Payable
-60.00
-42.86%
-42.00
+46.15%
-78.00
-256.31%
49.90
Change In Account Payable
—
—
—
5,084.20
Change In Other Working Capital
-95.00
+5.94%
-101.00
-197.12%
104.00
+161.96%
39.70
Change In Other Current Assets
-218.00
-91.23%
-114.00
-6.54%
-107.00
-49.23%
-71.70
Investing Cash Flow
-15,876.00
-900.38%
-1,587.00
+51.81%
-3,293.00
-227.73%
-1,004.80
Cash Flow From Continuing Investing Activities
-15,876.00
-900.38%
-1,587.00
+51.81%
-3,293.00
-227.73%
-1,004.80
Capital Expenditure
-145.00
-2.11%
-142.00
+26.80%
-194.00
-6.19%
-182.70
Capital Expenditure Reported
-145.00
-2.11%
-142.00
+26.80%
-194.00
-6.19%
-182.70
Net Investment Purchase And Sale
2.00
-66.67%
6.00
+0.00%
6.00
+500.00%
1.00
Net Business Purchase And Sale
-15,749.00
-992.16%
-1,442.00
+52.44%
-3,032.00
-302.18%
-753.90
Purchase Of Business
-15,766.00
-978.39%
-1,462.00
+51.94%
-3,042.00
-297.70%
-764.90
Net Other Investing Changes
16.00
+277.78%
-9.00
+87.67%
-73.00
-5.49%
-69.20
Financing Cash Flow
1,713.00
-86.88%
13,052.00
+354.14%
2,874.00
+1251.83%
212.60
Cash Flow From Continuing Financing Activities
1,713.00
-86.88%
13,052.00
+354.14%
2,874.00
+1251.83%
212.60
Net Issuance Payments Of Debt
-212.00
-104.03%
5,267.00
+183.02%
1,861.00
+1254.47%
-161.20
Issuance Of Debt
2,546.00
-64.71%
7,215.00
+31.88%
5,471.00
+110.80%
2,595.30
Repayment Of Debt
-2,758.00
-41.58%
-1,948.00
+46.04%
-3,610.00
-30.96%
-2,756.50
Long Term Debt Issuance
2,546.00
-64.71%
7,215.00
+32.90%
5,429.00
+111.25%
2,570.00
Long Term Debt Payments
-2,743.00
-43.84%
-1,907.00
+47.17%
-3,610.00
-30.96%
-2,756.50
Net Long Term Debt Issuance
-197.00
-103.71%
5,308.00
+191.81%
1,819.00
+1075.34%
-186.50
Short Term Debt Issuance
—
—
42.00
+66.01%
25.30
Short Term Debt Payments
-15.00
+63.41%
-41.00
+98.86%
-3,610.00
-41.29%
-2,555.00
Net Short Term Debt Issuance
-15.00
+63.41%
-41.00
-197.62%
42.00
+66.01%
25.30
Net Common Stock Issuance
1,499.00
-82.38%
8,507.00
+6989.17%
120.00
-2.52%
123.10
Common Stock Dividend Paid
—
-525.40
-10.94%
-473.60
-10.27%
-429.50
Cash Dividends Paid
-667.00
-27.05%
-525.00
-10.76%
-474.00
-10.36%
-429.50
Net Other Financing Charges
1,093.00
+654.82%
-197.00
-114.41%
1,367.00
+100.97%
680.20
Changes In Cash
-12,233.00
-187.08%
14,048.00
+770.92%
1,613.00
+169.82%
597.80
Effect Of Exchange Rate Changes
303.00
+346.34%
-123.00
-261.76%
-34.00
+65.97%
-99.90
Beginning Cash Position
20,468.00
+212.82%
6,543.00
+31.81%
4,964.00
+11.14%
4,466.30
End Cash Position
8,538.00
-58.29%
20,468.00
+212.82%
6,543.00
+31.80%
4,964.20
Free Cash Flow
1,785.00
-26.87%
2,441.00
+32.81%
1,838.00
+52.24%
1,207.30
Interest Paid Supplemental Data
575.00
+65.71%
347.00
+28.04%
271.00
+12.82%
240.20
Income Tax Paid Supplemental Data
341.00
+3.02%
331.00
+46.46%
226.00
-28.84%
317.60
Change In Income Tax Payable
-60.00
-42.86%
-42.00
+46.15%
-78.00
-256.31%
49.90
Change In Tax Payable
-60.00
-42.86%
-42.00
+46.15%
-78.00
-256.31%
49.90
Common Stock Issuance
1,499.00
-82.38%
8,507.00
+6989.17%
120.00
-2.52%
123.10
Issuance Of Capital Stock
1,499.00
-82.38%
8,507.00
+6989.17%
120.00
-2.52%
123.10
Sale Of Business
17.00
-15.00%
20.00
+100.00%
10.00
-9.09%
11.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
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