ARTHUR J. GALLAGHER & CO.
At today's price, ARTHUR J. GALLAGHER & CO. (AJG) is priced for today's economics sustained for ~5.2 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
An insurance broker is worth the fee earnings it throws off, not its book value. At $214.15 (June 27, 2026) the stock trades near 37 times earnings, a 2.7 percent earnings yield, at the very top of its peer group. The price embeds about 16 percent annual fee-earnings growth, a pace Gallagher has delivered but that leans heavily on acquisitions. The $14 billion AssuredPartners deal, the largest in brokerage history, closed in August 2025 and is driving the recent surge. The roll-up runs on debt
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1,205 institutional managers reported holding AJG in 13F filings for the quarter ended 2026-03-31. Together they hold about 82% of the company; the top 10 hold 45%. 127 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 6.9M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AJG's share count grew 27.7% over the past five years even with $310.00M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 12 years straight; the current rate is $2.60 a share annually. Cash returned over the past three years: $1.61B in dividends and $310.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AJG over the trailing three years: 2024: 1 buy totaling $317k; 2025: 5 buys totaling $1.01M. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AJG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -1.6% | +5.1% |
| 2023-10-28 | -1.2% | -1.5% |
| 2024-02-10 | -2.5% | -1.8% |
| 2024-05-02 | -1.1% | +10.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AJG's latest 8-K filings: 2026-06-17 (items 7.01); 2026-05-13 (items 5.07); 2026-04-30 (items 2.02, 7.01, 9.01); 2026-03-17 (items 7.01); 2026-03-12 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.