SweetValueLab
Write for us

Arthur J. Gallagher & Co. — Intrinsic Value & Fair Price

AJG
NYSEFinancial ServicesInsurance - BrokersCIK 0000354190ajg.comAbout AJG
Last close · Oct 16, 2026254.88+4.78 (+1.91%)
Market cap$65.3B
Model value · DCF · Perpetuity growth · 5y
180.11
Arthur J. Gallagher closed at $254.88 — overvalued by 42% vs model.
91.22the model's range483.14

DCF · Perpetuity growth · 5y leads for a mature, steady company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
33.88 – 407.70
Wall St. target
284.00 10% below
Above model, 1y
20 of 20 days

Price and model value

Embed this card

AJG's close against its model value, as a 420×168 card for your own page. It updates nightly with this site and links back here.

Free to embed; keep the attribution link.
Loading chart…
What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
1.08%
Past 2 years
low 0.70%high 1.38%
Dividends per share, a year at a time
$1.89Sep ’21$2.01Sep ’22$2.16Aug ’23$2.35Sep ’24$2.55Sep ’25$2.75TTM
Dividends / free cash flow, FY2025
37.4%
Raised
15 years in a row
Growth, 5 yrs
7.8% a year
Last change
+7.7% · Mar 2026
Every payment, with ex-dates · latest $0.70, paid Sep 18, 2026

Research on AJG

No posts on AJG yet.
Studied AJG from its filings? Guest posts are reviewed before they go live.Write about AJG →

How it is valued

Valued asMature & stable
Moderate growth (~18% recent)Moderate margins (11% net margin)Pays dividendsModerately volatile earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for mature companies
P/E
44.4×
EV / EBITDA
20.9×
FCF yield
2.7%
Dividend yield, TTM
1.08%
Beta
0.55
Cost of capital (WACC)
7.34%
Full financials

Analyst actions

third-party, quoted
10-12Wells Fargo · target284.00
10-07Mizuho Securities · target271.00
10-07Cantor Fitzgerald · target280.00
07-15Piper Sandler · “Overweight” from “Neutral”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists AJG as a comparable

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just AJG. No account.

About Arthur J. Gallagher

Arthur J. Gallagher & Co., alongside its various subsidiaries, operates globally, providing a wide array of services that encompass insurance brokerage, expert consulting, and outsourced claims settlement and administration. Its geographic reach extends across the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. The company's business model is divided into two primary segments: Brokerage and Risk Management. The Brokerage division manages both retail and wholesale insurance operations. It also supports other brokers, including independent ones, in securing specialized or hard-to-place insurance coverage. This segment functions as a wholesale broker, managing general agent (MGA), and managing general underwriter (MGU) to distribute tailored insurance products to underwriting firms. Key activities within this segment include marketing, underwriting, policy issuance, premium collection, agent recruitment and supervision, claims payment, and reinsurance negotiations. It delivers essential brokerage and consulting solutions to a diverse client base, from commercial businesses, non-profit organizations, and public entities to individuals, specializing in insurance placement, managing loss exposure, and overseeing employer-sponsored benefit programs. The Risk Management segment focuses on offering contract-based claims settlement and administration services to businesses and public sector organizations. Its services also include comprehensive claims management, specialized loss control consulting, and independent insurance property appraisals. Arthur J. Gallagher & Co. delivers its extensive services through a broad network of associated insurance brokers and consultants. Its clientele is varied, serving commercial, industrial, public, religious, and non-profit organizations. The company was founded in 1927 and maintains its corporate headquarters in Rolling Meadows, Illinois.

CEO
J. Patrick Gallagher Jr.
Headquarters
Rolling Meadows, IL
Employees
67,456
IPO
1984-06-20
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.