Bank of America 13F: Adds $79M to Arthur J. Gallagher (AJG) Stake
Bank of America has increased its position in Arthur J. Gallagher & Co. by nearly 23% in its latest SEC filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America added 346,409 shares to its stake in Arthur J. Gallagher & Co. ($AJG), a 22.97% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 1,854,488 shares worth $421.02 million at the end of the quarter.
Since the filing, $AJG is down 1.5% after 1 week, up 4.7% after 1 month and up 23.8% to date (from the $205.91 close on May 18, 2026).
AJG
Arthur J. Gallagher & Co.
Key Points
- Bank of America boosted its stake in Arthur J. Gallagher & Co. by 22.97%, adding 346,409 shares for a total of 1,854,488 shares valued at about $421 million as of May 18, 2026.
- The stock closed at $227.03 on the day of the filing, significantly below its 52-week high of $313.55, suggesting potential for recovery.
- Analysts have mixed views, with Wells Fargo maintaining an Overweight rating but lowering its price target to $284.00 on October 12, 2026.
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Bank of America Increases Its Stake
Bank of America has boosted its position in Arthur J. Gallagher & Co. (AJG) by 22.97%, adding 346,409 shares and raising its total holdings to 1,854,488 shares valued at approximately $421 million as of May 18, 2026. This adjustment reflects the bank's ongoing confidence in the financial services and insurance brokerage sectors.
What Changed in Bank of America's Position
Bank of America's stake in Arthur J. Gallagher grew from 1,508,079 shares to 1,854,488 shares after the latest filing. The increase of 346,409 shares marks a notable adjustment, indicating the bank's commitment to this investment. With a cost basis of $129.04, this latest position could reflect strategic financial planning amid market fluctuations.
Institutional Moves in the Same Quarter
While Bank of America expanded its holdings, other funds have made different moves. For example, Stifel Financial reduced its stake in Arthur J. Gallagher by 4.4% in its recent filing on May 12, 2026. On May 15, Tidal Investments significantly increased its position by over 2,688%, showcasing varied confidence levels among institutional investors.
Stock Performance and Current Valuation
The stock of Arthur J. Gallagher closed at $227.03 on the day of the filing, which is below its 50-day moving average of $253.67. This positioning may suggest that the stock could be undervalued compared to its 52-week high of $313.55, offering potential for future growth if market conditions improve.
Recent Earnings
Arthur J. Gallagher reported revenue of $15.11 billion for the latest fiscal year, with a revenue growth rate of 30.9%. The company has an earnings per share (EPS) of $6.03, reflecting its ability to generate profit. The next earnings report is scheduled for October 29, 2026, which may provide further insights into the company's performance.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 0 raises.
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EPS & revenue
EPS met estimates. Revenue missed estimates by 0.5%.
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Profit surprise
EBITDA missed by 13 percent. Operating income missed by 27 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 5 target cuts.
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Earnings quality
Gross margin up 36.8 points. Operating margin down 2.5 points. Positive free cash flow.
Earnings Call Summary
Gallagher delivered a strong first quarter with 28 percent total revenue growth, driven by 5 percent organic growth plus 23 percent from the AssuredPartners acquisition. The company beat on EPS at 4.47 dollars per share versus 4.40 dollars expected, and expanded brokerage margins by 50 basis points. Management said their new business hit ratio improved to 45 percent from 32 percent historically using digital tools, and they are confident about durability even as property pricing moderates.
Guidance Management reaffirmed its full year outlook for organic growth of 6 percent and underlying margin expansion of 40 to 60 basis points. They expect second quarter brokerage organic growth of 5 percent and full year of 5.5 percent, with property pricing remaining down about 7 percent but offset by strength in casualty and benefits.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at Arthur J. Gallagher & Co.
On June 22, 2026, Douglas Howell, the Vice President and Chief Financial Officer of Arthur J. Gallagher, sold 12,954 shares at an average price of $209.08, totaling about $2.71 million. This transaction was not part of a planned trading strategy and may indicate personal financial decisions rather than company performance outlook.
Analysts Set New Price Targets
Recent analyst ratings show a cautious outlook. On October 12, 2026, Wells Fargo maintained an Overweight rating but lowered its price target to $284.00, down from $291.00. Similarly, Mizuho kept an Outperform rating but also reduced its target to $271.00 from $292.00. Overall, the consensus recommendation remains a buy, with an average target price of $291.28 based on 18 analyst opinions.
What Arthur J. Gallagher & Co. Does
Arthur J. Gallagher & Co. provides insurance and reinsurance brokerage, consulting, and claims administration services. The company operates globally and serves various sectors, including commercial and nonprofit entities. The recent increase in Bank of America's stake highlights ongoing interest in the insurance brokerage industry.
What’s Next for Arthur J. Gallagher
Investors will be watching for the upcoming earnings report on October 29, 2026, for insights into the company’s financial health. Additionally, the next round of 13F filings will reveal if other institutional investors adjust their positions in Arthur J. Gallagher, reflecting market sentiment and strategic shifts in investment.
Related Filing Alerts
Source: Bank of America's 13F filing on $AJG (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts