Mizuho Securities Adjusts Arthur J. Gallagher PT to $292 From $300, Maintains Outperform Rating

Ryan Specialty beat estimates but fell 11.1% to $39.20. Brown & Brown (BRO) reported $1.68B revenue, up 30.4% YoY, missing estimates by 2.5%, and dropped 3.4% to $67.32. Arthur J. Gallagher (AJG) reported $4.00B revenue, up 24.3% YoY, missing estimates by 0.5%, and fell 3.3% to $248.05. Marsh (MRSH) reported $7.40B revenue, up 6.2% YoY, beating estimates by 1.8%, and dropped 1.2% to $179.91.

Arthur J. Gallagher acquired McMillan Insurance & Bonding, doing business as Innovise Business Consultants, based in Englewood, Colorado. The company offers commercial insurance and bonding services. Terms were not disclosed. Innovise's team will join Gallagher's Denver office. According to Seeking Alpha, the deal expands Gallagher's presence in the Western U.S.

Arthur J. Gallagher & Co. (NYSE:AJG) said it will acquire Vancouver-based Apollo Insurance Solutions Ltd., a Canadian digital insurance broker and MGA focused on tenant insurance. The deal terms were not disclosed. Apollo’s team will remain in Vancouver under Gallagher’s Canadian retail property/casualty leadership, aiming to expand Gallagher’s Canada capabilities.

Arthur J. Gallagher & Co. (AJG) reported Q2 EPS of $2.84, above the $2.82 consensus, and sales of $4.003 billion, below the $4.009 billion estimate. Shares were down 6.4% to $240 in pre-market. After the results, Keefe Bruyette & Woods raised its price target to $271, and Truist raised its to $265, both while keeping ratings unchanged.

Insurance broking group Arthur J. Gallagher & Co. has reported total revenue before reimbursement of USD 3.955 billion for the second quarter of 2026, compared to USD 3.2 billion in Q2’25, as the combined brokerage and risk management segments delivered 24% total revenue growth, including organic growth of 6%.

Arthur J. Gallagher & Co. reported revenue before reimbursements of $3.955 billion for the quarter ended June 30, 2026, up 24% from $3.179 billion a year earlier, as the global insurance brokerage's combined Brokerage and Risk Management segments grew 6% on an organic basis. Organic growth holds steady while acquisition pace slows "We delivered an excellent second quarter," said J. Patrick Gallagher Jr., chairman and CEO.