$AJG

Aon plc said CFO Edmund Reese will step down effective immediately after about two years. Nadin Virani was named interim CFO and will serve until a permanent replacement is found. Separately, Miller Bermuda appointed Harry Vickers as senior director, Property, to lead Bermuda direct and facultative offerings and expand property lines through 2026.

After its Q2 earnings, Goldman Sachs updated an “AI Productivity Beneficiaries” basket by screening Russell 1000 firms for high labor costs versus sales and wage-bill exposure to AI automation. CoStar Group (CSGP) led, with 37% wage-bill exposure and labor costs at 31% of sales. Dollar Tree (DLTR) and eBay (EBAY) followed; Arthur J. Gallagher (AJG) and Brown & Brown (BRO) also ranked.

Goldman Sachs says investors have focused on AI infrastructure more than AI productivity beneficiaries. It reports Q2 S&P 500 EPS growth of 31% YoY, with infrastructure about half. Only 11% of S&P 500 firms quantified AI productivity impacts. Goldman estimates AI inference is <0.5% of S&P 500 revenues and has screened 20 stocks, including EBAY and CS GP.

Argus Research maintained Arthur J. Gallagher (AJG) at a “Buy” rating on Sept. 29, 2023. Analyst Kevin Heal raised the price target to $300 from $267. The article cites a GF Value™ of $338.08 versus a $251.21 current price, and a GF Score™ of 92/100, plus net insider selling of $0.6M over three months.

Argus raised its price target for Arthur J. Gallagher & Co. (NYSE:AJG) to $300 from $267 and kept a Buy rating. Analyst Kevin Heal expects about 6% organic Brokerage growth in 2026 and about 7% in Risk Management. Argus cited AJG’s growth record, dividend increases, acquisitions, and a $1.5B buyback authorization, and said AI app adoption for commercial policies may take years.

Arthur J. Gallagher (AJG) said on its Q2 2026 earnings call it could deploy up to $10b in capital for M&A over the next two years, citing $3.4b of expected tax credits and deductible amortization and a pipeline of targets at attractive multiples. The article notes AJG shares fell 1.44% (1 day) and 3.31% (30 days) but rose 24.76% (90 days). It cites a fair value of $281.39 vs $248.12 and a P/E of 40.6x.

Gallagher said it appointed Andy Winwood as Senior Executive Officer for Middle East and Africa, pending regulatory approval. He will lead 100+ staff and oversee regional growth. Sources say he joined in 2025 from Saudi Aramco. Gallagher noted it expanded in-region presence since 2022 and launched in Saudi Arabia last month, plus reinsurance under Gallagher Re and a 49% stake in ACE Gallagher.

Arthur J. Gallagher (per the article) is acquiring Apollo Insurance Solutions. Separately, Citigroup adjusted its price target on Arthur J. Gallagher to $285 from $250 and kept a Buy rating, according to the report. The stock is shown trading around $250.28 at 11:41am EDT.

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.

Analysts issued new ratings for LPL Financial (LPLA), Arthur J. Gallagher (AJG) and Coinbase Global (COIN). Jefferies reiterated Buy on LPLA with a $402 target; consensus Strong Buy targets $408.11. Cantor Fitzgerald kept Hold on AJG at $300; consensus Strong Buy target $281.65. Cantor reiterated Buy on COIN at $250; consensus $205.19.