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Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. (AJG) is listed on NYSE and classified in Insurance Brokers, part of the Financial Services sector. It is headquartered in Rolling Meadows, United States and has 67,456 employees. The company is worth $69.46B and trades at 44.9x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $13.94B in fiscal 2025, up 20.7% from the year before. Net income was $1.49B. The share price is 4.7% below its 52-week high of $284.33. It pays a dividend yielding 1.03%, and has raised its annual dividend for 15 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Baillie Gifford (Baillie Gifford & Co), at $42.26M. In that quarter, 3 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +56.5% over 5Y.
today you would have $1,600.72▲ +60.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $258.79 | $283.85 | $224.88 | $188.54 | $169.67 | $123.71 | $95.23 | $73.70 | $63.28 | $51.96 | $40.94 | $47.08 | $46.93 | $34.65 | $33.44 | $29.08 | $22.51 | $25.91 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 6.4% a year plus a 1.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 25.0 across this company’s own years on record.
Cash flow growing 6.4% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| APOApollo Global Management, Inc. | $114.83 | 41.2x | 3.4x | 1.96% | 11.41% | $67.81B |
| NUNu Holdings Ltd. | $14.73 | 20.5x | 5.4x | 0.00% | 31.63% | $71.16B |
| NWGNatWest Group plc | $16.99 | 8.5x | 1.3x | 5.53% | 14.78% | $67.27B |
| METMetlife Inc | $103.57 |
| P/E | 25.0x | 45.1x | 43.7x | 50.9x | 36.3x | 38.8x | 29.5x | 27.1x | 21.7x | 24.0x | 23.4x | 19.9x | 23.9x | 22.8x | 21.8x | 26.1x | 17.5x | 17.6x | 31.6x |
| P/S | 2.0x | 4.8x | 6.3x | 4.8x | 4.7x | 4.3x | 3.4x | 2.5x | 2.0x | 1.8x | 1.6x | 1.3x | 1.7x | 2.0x | 1.7x | 1.8x | 1.7x | 1.3x | — |
| P/B | 3.0x | 2.9x | 3.6x | 4.5x | 4.4x | 4.2x | 3.9x | 3.5x | 3.0x | 2.7x | 2.6x | 2.0x | 2.4x | 3.0x | 2.6x | 3.1x | 2.9x | 2.6x | — |
| EPS | $5.74 | $6.50 | $4.42 | $5.19 | $4.37 | $4.20 | $3.52 | $3.40 | $2.64 | $2.22 | $2.06 | $1.97 | $2.06 | $1.59 | $1.28 | $1.66 | $1.28 | $0.82 |
| Dividend yield | 2.70% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% | 3.06% | 2.98% | 3.92% | 3.95% | 4.40% | 5.69% | 4.94% |
| Payout | 63.53% | 45.30% | 36.92% | 49.77% | 39.31% | 43.94% | 42.86% | 48.86% | 48.24% | 59.09% | 68.47% | 71.84% | 73.10% | 67.96% | 85.53% | 103.13% | 77.11% | 100.00% | 156.10% |
| Profit margin | 8.79% | 10.72% | 12.66% | 9.63% | 13.03% | 11.05% | 11.69% | 9.30% | 9.14% | 7.70% | 6.99% | 6.62% | 6.56% | 8.45% | 7.74% | 6.75% | 9.34% | 7.44% | 4.70% |
| ROE | 11.48% | 6.41% | 7.26% | 9.00% | 12.19% | 10.66% | 13.24% | 12.97% | 14.08% | 11.36% | 11.03% | 9.81% | 9.39% | 12.88% | 11.76% | 11.59% | 15.73% | 14.40% | 10.47% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
-67.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 19.8x |
| 2.4x |
| 2.29% |
| 13.09% |
| $65.82B |
| BCSBarclays PLC | $22.01 | 8.5x | 3.5x | 2.82% | 10.09% | $73.36B |
| ALLAllstate Corp | $259.10 | 5.2x | 2.1x | 1.67% | 46.11% | $65.52B |