Arthur J. Gallagher & Co

AJG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$633.00	Cgvdnp	Lgxflbsz

Gallagher: An Attractive Company, but Shares Are a Bit Overvalued

Brett Horn

Oct 2, 2024

We have initiated coverage of Arthur J Gallagher. We assign the company a narrow moat rating and a fair value estimate of $250 per share. We see shares as modestly overvalued, as we think the market is overly focused on the recent tailwinds Gallagher and its insurance brokerage peers have been enjoying.

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