- Unpacking Q1 Earnings: Arthur J. Gallagher (NYSE:AJG) In The Context Of Other Insurance Brokers Stocks
May 11, 2026
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the insurance brokers stocks, including Arthur J. Gallagher (NYSE:AJG) and its peers.
The insurance brokerage industry, while influenced by insurance pricing cycles, benefits from durable secular tailwinds as rising risk complexity (climate, data privacy), regulatory scrutiny, and insurance pricing inflation. These increase demand for professional risk-management advice. Brokers operate models that rely on commissions and fees tied to premium volumes and growing contributions from recurring advisory, benefits, and compliance services. Scale is a key advantage, enabling better carrier access, stronger data and benchmarking, and efficient deployment of technology and compliance investments, which in turn supports ongoing industry consolidation. The headwinds are labor intensity and wage inflation for producers, regulatory complexity (this cuts both ways, as you can see), and execution risk when integrating new digital tools into legacy workflows.
The 5 insurance brokers stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 1.7%.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.4% since the latest earnings results.
Arthur J. Gallagher (NYSE:AJG)
Founded in 1927 and operating in approximately 130 countries through direct operations and correspondent networks, Arthur J. Gallagher (NYSE:AJG) provides insurance brokerage, reinsurance, consulting, and third-party claims settlement services to businesses and individuals worldwide.
Arthur J. Gallagher reported revenues of $4.75 billion, up 27.7% year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with a narrow beat of analysts’ EPS estimates but revenue in line with analysts’ estimates.
"We had a terrific first quarter!" said J. Patrick Gallagher, Jr., Chairman and CEO.Arthur J. Gallagher Total Revenue
Arthur J. Gallagher delivered the weakest performance against analyst estimates of the whole group. Unsurprisingly, the stock is down 1.3% since reporting and currently trades at $203.65.
Is now the time to buy Arthur J. Gallagher? Access our full analysis of the earnings results here, it’s free.
Best Q1: Ryan Specialty (NYSE:RYAN)
Founded in 2010 by insurance industry veteran Patrick Ryan, Ryan Specialty (NYSE:RYAN) is a wholesale insurance broker and underwriting manager that helps retail brokers place complex or hard-to-place risks with insurance carriers.
Ryan Specialty reported revenues of $795.2 million, up 15.2% year on year, outperforming analysts’ expectations by 2.1%. The business had a very strong quarter with a beat of analysts’ EPS and revenue estimates.
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Ryan Specialty Total Revenue
Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 9.4% since reporting. It currently trades at $31.50.
Is now the time to buy Ryan Specialty? Access our full analysis of the earnings results here, it’s free.
Weakest Q1: Brown & Brown (NYSE:BRO)
With roots dating back to 1939 and operations spanning 44 U.S. states and 14 countries, Brown & Brown (NYSE:BRO) is an insurance brokerage and risk management firm that markets and sells insurance products across property, casualty, and employee benefits sectors.
Brown & Brown reported revenues of $1.90 billion, up 35.4% year on year, in line with analysts’ expectations. It was a slower quarter as it posted a significant miss of analysts’ organic revenue estimates.
As expected, the stock is down 11.6% since the results and currently trades at $58.42.
Read our full analysis of Brown & Brown’s results here.
Baldwin Insurance Group (NASDAQ:BWIN)
Rebranded from BRP Group in May 2024, Baldwin Insurance Group (NASDAQ:BWIN) is an independent insurance distribution company that provides tailored insurance, risk management, and employee benefits solutions to businesses and individuals.
Baldwin Insurance Group reported revenues of $532.2 million, up 28.7% year on year. This result beat analysts’ expectations by 3.2%. Aside from that, it was a satisfactory quarter as it also logged an impressive beat of analysts’ revenue estimates but a slight miss of analysts’ organic revenue estimates.
Baldwin Insurance Group delivered the biggest analyst estimates beat among its peers. The stock is down 4.5% since reporting and currently trades at $20.98.
Read our full, actionable report on Baldwin Insurance Group here, it’s free.
Marsh (NYSE:MRSH)
With roots dating back to 1871 and a presence in over 130 countries, Marsh (NYSE:MRSH) is a global professional services firm that helps organizations manage risk, strategy, and workforce challenges through its four specialized businesses.
Marsh reported revenues of $7.60 billion, up 7.6% year on year. This print surpassed analysts’ expectations by 2.9%. Overall, it was a strong quarter as it also produced an impressive beat of analysts’ revenue estimates and a narrow beat of analysts’ organic revenue estimates.
Marsh had the slowest revenue growth among its peers. The stock is down 5.1% since reporting and currently trades at $166.05.
Read our full, actionable report on Marsh here, it’s free.
Market Update
Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?
These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.
Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.
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- What Makes Arthur J. Gallagher & Co. (AJG) a High-Quality Business?
May 11, 2026
Artisan Partners, an investment management company, released its first-quarter 2026 investor letter for the “Artisan Mid Cap Fund”. A copy of the letter is available to download here. In Q1 2026, the Artisan Mid Cap Fund reported negative absolute returns but slightly outperformed the Russell Midcap® Growth Index. The market favored lower volatility and income-oriented equities, with value outpacing growth significantly. Despite challenges for growth strategies, selective stock choices in sectors like industrials and healthcare provided strength, while consumer discretionary faced weaknesses. Mid- and small-cap indices showed resilience amid lagging large-cap growth stocks. The escalating conflict in Iran influenced market behavior, and AI-related investments continued to support capital spending and earnings. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Fund highlighted Arthur J. Gallagher & Co. (NYSE:AJG). Arthur J. Gallagher & Co. (NYSE:AJG) is a leading insurance brokerage and risk management firm. On May 8, 2026, Arthur J. Gallagher & Co. (NYSE:AJG) closed at $198.87 per share. One-month return of Arthur J. Gallagher & Co. (NYSE:AJG) was -10.62%, and its shares lost 39.97% over the past 52 weeks. Arthur J. Gallagher & Co. (NYSE:AJG) has a market capitalization of $51.09 billion.
Artisan Mid Cap Fund stated the following regarding Arthur J. Gallagher & Co. (NYSE:AJG) in its Q1 2026 investor letter:
"We also added to Edwards Lifesciences, Waters and Arthur J. Gallagher & Co. (NYSE:AJG) during the quarter. Arthur J. Gallagher is a leading global insurance brokerage and risk management firm. We view it as a high-quality business with visible organic growth, supported by its diverse wholesale, reinsurance and claims operations. The company also has a strong acquisition record, and we expect its AssuredPartners acquisition to deliver meaningful synergies as integration moves forward. We added to the position on recent weakness as organic growth shows signs of stabilization and margin expansion opportunities emerge, including from integration and AI-related initiatives."Mizuho Trims Arthur J. Gallagher (AJG) Target, Remains Bullish on Brokers
Arthur J. Gallagher & Co. (NYSE:AJG) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 50 hedge fund portfolios held Arthur J. Gallagher & Co. (NYSE:AJG) at the end of the fourth quarter, up from 49 in the previous quarter. While we acknowledge the potential of Arthur J. Gallagher & Co. (NYSE:AJG) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Story Continues
In another article, we covered Arthur J. Gallagher & Co. (NYSE:AJG) and shared the list of fastest growing dividend stocks to buy. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. This article is originally published at Insider Monkey.
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- Arthur J. Gallagher & Co. Acquires Mays Brown Solicitors
May 11, 2026
ROLLING MEADOWS, Ill., May 11, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired London, UK-based Mays Brown Limited, dba Mays Brown Solicitors. Terms of the transaction were not disclosed.Arthur J. Gallagher & Co. Logo (PRNewsfoto/Arthur J. Gallagher & Co.)
Mays Brown Solicitors is a boutique law firm specializing in shipping and maritime legal services for a global client base that includes shipowners, operators, charterers, protection and indemnity (P&I) clubs, insurers and shipyards. The Mays Brown Solicitors team, led by Joe Mays, David Wartski and Stephen Grainger, will remain in their current location under the direction of Manan Sagar, head of Gallagher Bassett's Europe, Middle East and Asia operations.
"Mays Brown Solicitors is a highly regarded firm whose niche expertise enhances Gallagher Bassett's marine and legal capabilities," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Joe, David, Stephen and their associates to our growing, global team."
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Investor Relations: Sara Walsh, CFA Media Relations: Paul Day 630-285-3593 / sara_walsh@ajg.com 630-285-5946 / paul_day1@ajg.comCision
View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-mays-brown-solicitors-302767642.html
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- Arthur J. Gallagher & Co. Acquires Mays Brown Solicitors
May 11, 2026 · prnewswire.com
ROLLING MEADOWS, Ill., May 11, 2026 /PRNewswire/ -- Arthur J.
- ARTHUR J. GALLAGHER & CO. ACQUIRES MAYS BROWN SOLICITORS
May 11, 2026
ROLLING MEADOWS, ILL., MAY 11, 2026 /PRNEWSWIRE/ -- ARTHUR J.
- RGA Q1 Earnings & Revenues Top Estimates on Higher Investment Income
May 8, 2026
Reinsurance Group of America, Incorporated RGA reported first-quarter 2026 adjusted operating earnings of $6.97 per share, which beat the Zacks Consensus Estimate by 12.6%. The bottom line rose 21.9% from the year-ago quarter.
RGA's operating revenues of $6.7 billion beat the Zacks Consensus Estimate by 3.7%. The top line improved 19.9% year over year on higher net investment income, net premiums and other revenues.
RGA reported strong first-quarter results, driven by solid growth in Financial Solutions businesses across the United States, EMEA and the Asia/Pacific, along with higher investment income and premium growth. However, higher expenses and weakness in the United States and Latin America Traditional segment partially offset the strong performance.
Reinsurance Group of America, Incorporated Price, Consensus and EPS SurpriseReinsurance Group of America, Incorporated Price, Consensus and EPS Surprise
Reinsurance Group of America, Incorporated price-consensus-eps-surprise-chart | Reinsurance Group of America, Incorporated Quote
Net premiums of $4.6 billion increased 14.3% year over year and beat the Zacks Consensus Estimates by 2.4%.
Investment income improved 19.3% from the prior-year quarter to $1.7 billion and beat the Zacks Consensus Estimates by 7.4%. The increase was driven by a larger average invested asset base and higher earned yields. The average investment yield increased to 4.93% from 4.64% in the prior-year period, driven by higher variable investment income.
Total benefits and expenses increased 23.8% year over year to $6.1 billion on higher claims and other policy benefits, interest credited, policy acquisition costs and other insurance expenses, other operating expenses, and Interest credited.
Quarterly Segmental Update
U.S. and Latin America: Total pre-tax adjusted operating income was $256 million, which increased 23.7% year over year.
The Traditional segment reported a pre-tax adjusted operating income of $138 million, which decreased 1.4% year over year. Net premiums increased 0.6% from the year-ago quarter to $1.9 billion.
The Financial Solutions segment’s pre-tax adjusted operating income increased 76% to $118 million.
Canada: Total pre-tax adjusted operating income rose 11.6% year over year to $48 million.
The Traditional segment delivered a 18.7% year-over-year increase in pre-tax adjusted operating income to $48 million. Net premiums grew 6.3% to $339 million, benefiting from a $2 million favorable impact from foreign currency exchange rates during the quarter.
The Financial Solutions segment’s pre-tax adjusted operating income decreased 9.1% year over year to $10 million. Foreign currency exchange rates had an immaterial effect on adjusted operating income before taxes.
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EMEA: Total pre-tax adjusted operating income grew 30% to $182 million.
Pre-tax adjusted operating profit of the Traditional segment was $54 million, higher than the year-ago quarter’s profit of $50 million. Foreign currency exchange rates had a favorable effect of $5 million on adjusted operating income before taxes. Premiums increased 12% to $605 million. Foreign currency exchange rates had a favorable effect on net premiums of $43 million for the quarter.
The Financial Solutions pre-tax adjusted operating income increased 42.2% year over year to $128 million. Foreign currency exchange rates had a favorable effect of $8 million on adjusted operating income before taxes.
Asia/Pacific: Total pre-tax adjusted operating income rose nearly 15.5% from the year-ago quarter’s level to $190 million.
The Traditional segment’s pre-tax adjusted operating income rose 17.9% year over year to $125 million, including a $1 million favorable impact from foreign currency exchange rates. Premiums increased 10.7% to $860 million. Foreign currency exchange rates had a favorable effect on net premiums of $18 million for the quarter.
The Financial Solutions segment’s pre-tax adjusted operating income increased 10.2% to $65 million. Foreign currency exchange rates had an immaterial impact of $1 million on adjusted operating income before taxes.
Corporate and Other: Pre-tax adjusted operating loss totaled $65 million, reflecting an improvement from a loss of $70 million in the year-ago quarter. Results were unfavorable relative to the expected quarterly average run rate, primarily due to compensation expenses and unfavorable variable investment income.
RGA’s Financial Update
As of March 31, 2026, total assets were $164 billion, up 4.8% from the 2025-end level.
Book value per share, excluding accumulated other comprehensive income, increased 1.8% to $167.60 from the 2025-end level.
Adjusted operating return on equity was 15.2%, representing a 50-basis-point year-over-year increase.
RGA’s Capital Deployment
Reinsurance Group repurchased shares of $50 million in the first quarter.
The company’s board of directors declared a quarterly dividend of 93 cents. Effective May 5, 2026, the dividend will be paid out on June 2, 2026, to shareholders of record as of May 19, 2026.
RGA’s Zacks Rank
RGA currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Some Other Insurers
Voya Financial, Inc. VOYA reported first-quarter 2026 adjusted operating earnings of $2.26 per share, which beat the Zacks Consensus Estimate by 11.8%. The bottom line increased 13% year over year.
Adjusted operating revenues amounted to $2 billion, which increased 3.1% year over year. Net investment income increased 1.6% year over year to $569 million. Meanwhile, fee income of $604 million rose 6% year over year. Premiums totaled $744 million, up 1% from the year-ago quarter.
Arthur J. Gallagher & Co. AJG reported first-quarter 2026 adjusted net earnings of $4.47 per share, which beat the Zacks Consensus Estimate by 1.6%. The bottom line increased 21.8% on a year-over-year basis.
Total revenues of $4.7 billion beat the Zacks Consensus Estimate by 1.4%. The top line also improved 28.1% year over year, driven by higher commissions, fees, supplemental revenues, and contingent revenues.
Everest Group, Ltd. EG reported first-quarter 2026 operating income of $16.08 per share, which beat the Zacks Consensus Estimate by 14.6%. The bottom line increased significantly 149% year over year. Total operating revenues of about $4 billion declined 4.6% year over year. The top line missed the Zacks Consensus Estimate by 7.7%.
Gross written premiums fell 18.5% year over year to $3.6 billion, reflecting an 8.5% decline in Reinsurance Treaty, partially offset by growth in Global Wholesale & Specialty. Our estimate was $4.8 billion.Net investment income rose 15.5% year over year to $567 million, driven by a larger asset base and strong alternative investment returns. The figure exceeded our estimate of $491 million and the Zacks Consensus Estimate of $513 million.
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This article originally published on Zacks Investment Research (zacks.com).
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- Top Stock Reports for Apple, AMD & Chevron
May 7, 2026
Thursday, May 7, 2026
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Advanced Micro Devices, Inc. (AMD) and Chevron Corp. (CVX), as well as two micro-cap stocks Jones Soda Co. (JSDA) and Onfolio Holdings, Inc. (ONFO). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Jobless Claims, Productivity, Earnings Keep Pre-Markets Buoyant
Today's Featured Research Reports
Shares of Apple have gained +47.3% over the past year against the Zacks Computer - Micro Computers industry’s gain of +48.1%. The company’s March quarter results showed demand for the iPhone 17 lineup and record Services revenue, supported by a growing installed base across major categories.
Management expects June quarter revenue growth in the mid-teens, with Services rising at a similar pace after adjusting for foreign exchange. New products such as iPhone 17e and MacBook Neo, plus Apple Business, can expand ecosystem engagement over time.
Apple continues to return cash through dividends and buybacks, which can support the stock when operating results hold up. At the same time, supply constraints, higher component costs and an uncertain tariff backdrop can weigh on availability and margins. Regulatory and legal actions tied to the App Store and antitrust claims also remain a risk factor, keeping the risk-reward balanced for a Neutral view.
(You can read the full research report on Apple here >>>)
AMD’s shares have outperformed the Zacks Computer - Integrated Systems industry over the past six months (+69.6% vs. +61.2%). The company is benefiting from rising AI infrastructure deployments that lift demand for EPYC server CPUs and Instinct accelerators across cloud and enterprise customers.
Data Center revenue grew 57% year over year in the first quarter of 2026, and second-quarter revenue is guided higher as supply and customer ramps broaden. Helios and MI450 engagements are expanding with large customers, and management continues to target scaling the data center AI business to tens of billions in annual revenue in 2027. Strong partner base that includes AWS and Oracle is a positive.
Record quarterly free cash flow and ongoing repurchases add support, but competition from NVIDIA and Intel remains intense. Higher memory and component costs are expected to curb second-half PC and gaming demand and can pressure gross margin as MI450 ramps.
(You can read the full research report on AMD here >>>)
Shares of Chevron have gained +38.4% over the past year against the Zacks Oil and Gas - Integrated - International industry’s gain of +51.3%. The company has emerged as a strong beneficiary of higher oil prices, supported by its upstream leverage and expanding production base following the Hess acquisition.
The deal adds high-quality assets in Guyana, the Bakken and the Gulf of America, strengthening long-term output and free cash flow growth. Management reaffirmed production growth guidance of 7%-10% while maintaining disciplined capital spending, highlighting operational efficiency and financial strength.
Chevron also benefits from its integrated refining system, growing LNG exposure through long-term contracts, and strong production momentum at Tengizchevroil. In addition, the company’s partnership initiatives tied to AI-driven power demand create new long-term growth opportunities. Given these factors, we are bullish on the stock and rate it Outperform.
(You can read the full research report on Chevron here >>>)
Jones Soda’s shares have outperformed the Zacks Beverages - Soft drinks industry over the past year (+32% vs. +15.8%). This microcap company with a market capitalization of $34.17 million focuses on its accelerating distribution expansion, strong licensed-product momentum, and evolving higher-margin direct-to-consumer strategy. Growth has increasingly shifted toward scalable Club and DTC channels, supported by broadening North American distribution and successful collectible partnerships such as Fallout and Crayola, which have driven rapid sell-through and repeat retailer demand.
The company’s modern soda portfolio remains aligned with lower-sugar consumer trends, with management now focused on improving per-store productivity rather than simply adding new retail doors.
However, risks include reliance on licensed properties and concentrated customers, regulatory uncertainty surrounding hemp-derived products, liquidity constraints tied to working-capital needs, and profitability that has benefited from a favorable channel mix and nonrecurring items.
(You can read the full research report on Jones Soda here >>>)
Shares of Onfolio have gained +7.6% over the past year against the Zacks Internet - Commerce industry’s gain of +27.1%. This microcap company with a market capitalization of $6.68 million centers on building a diversified portfolio of digital education, marketing, and AI-enabled service businesses that can scale revenue while improving gross-profit mix.
Growth has increasingly shifted toward recurring B2B agency services, supported by multiple marketing and SEO brands operating under a centralized platform. Management has also emphasized disciplined capital allocation by reducing lower-return advertising spend while preserving cash generation from digital products. Improved liquidity and financing capacity provide additional flexibility for acquisitions and strategic investments.
However, the investment case is tempered by persistent profitability pressures from acquisition-related amortization and impairment charges, rising financing costs, covenant defaults tied to secured convertible notes, and dilution risk.
(You can read the full research report on Onfolio here >>>)
Other noteworthy reports we are featuring today include General Dynamics Corp. (GD), Arthur J. Gallagher & Co. (AJG) and ON Semiconductor Corp. (ON).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
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Today's Must Read
Strong iPhone 17 and Services Growth to Aid Apple's (AAPL) Prospects
Strong Product Portfolio and Rich Partner Base Aid AMD's Prospects
Chevron (CVX) Gains From Ongoing Rise in Equity Crude Throughput
Featured Reports
Increasing Orders Drive General Dynamics (GD) Amid Labor Shortage
Per the Zacks analyst, General Dynamics is likely to benefit from increasing orders from the Pentagon and US allies. Yet labor shortage result in delays and likely impact operating results.
Arthur J. Gallagher (AJG) Banks on Buyouts Amid High Costs
Per the Zacks analyst, a number of acquisitions have helped Arthur J. Gallagher to enhance its capabilities and drive growth. However, elevated expenses remain an overhang.
Strategic Partnerships and Pricing Discipline Aid Centene (CNC)
Per the Zacks analyst, strategic collaborations are expanding Centene's markets and membership, while pricing discipline is boosting revenue.
Labcorp (LH) Thrives in High-Growth Areas, Macro Woes Stay
Per the Zacks analyst, Labcorp's strong focus in four high-growth areas, including oncology and women's health, should continue to drive its performance. Yet, macroeconomic-driven costs pose a risk.
Asset Optimization Aids Smurfit Westrock (SW) Amid Cost Woes
Per the Zacks Analyst, Smurfit Westrock gains from its ongoing asset optimization and business improvement initiatives. However, cost inflation remains a headwind.
Crocs (CROX) Stays on Track to Deliver Long-Term Growth
Per the Zacks analyst, Crocs is advancing its long-term growth plan through iconic products, global expansion and portfolio diversification, driving revenue growth, margin gains and cash flow.
Werner (WERN) Rides on Segmental Growth Amid Rising Expenses
Per the Zacks Analyst, strength across both segments Truckload Transportation Services and Logistics is aiding Werner's top-line growth. Rising operating expenses are likely to weigh on the bottom
New Upgrades
Strong Data Center Market Aids ON Semiconductor (ON) Prospects
Per the Zacks analyst, ON Semiconductor is benefiting from solid momentum across data center and automotive end-markets.
Generac (GNRC) Rides on Healthy Residential Product Sales
Per the Zacks analyst, Generac's performance is likely to be driven by solid demand for its Residential products, notably a boost in Ecobee sales. C and I product shipments are gaining traction.
Loan Growth Aids UMB Financial (UMBF), Capital Level Solid
Per the Zacks analyst, Organic growth remains a key strength of UMB Financial, aided by rising loan and deposit balances. Decent liquidity position is an added advantage.
New Downgrades
Volume Declines and High Leverage Pressure Goodyear (GT)
Per the Zacks analyst, weaker tire demand is reducing volumes and factory efficiency, while Goodyear's elevated debt levels continue to limit financial flexibility and add balance sheet pressure.
Seasonal Dip and High Costs Ail Red Rock Resorts (RRR) Prospects
Per the Zacks analyst, Red Rock Resorts is likely to be hurt by seasonally softer second quarter and construction delays at Green Valley. Also, elevated utility costs pose concerns.
Competition and Lowering RPE are Robert Half's (RHI) Headwinds
Per the Zacks analyst, intense competition from numerous firms continues to pose a headwind to Robert Half's growth. Declining revenue per employee (RPE) remains a concern.
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General Dynamics Corporation (GD) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Chevron Corporation (CVX) : Free Stock Analysis Report
Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report
ON Semiconductor Corporation (ON) : Free Stock Analysis Report
Jones Soda Co. (JSDA): Free Stock Analysis Report
Onfolio Holdings Inc. (ONFO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- A Look At Arthur J. Gallagher’s Valuation After Recent Share Price Weakness
May 7, 2026
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Recent performance context for Arthur J. Gallagher
Arthur J. Gallagher (AJG) has drawn attention after a period of weaker share performance, with the stock showing negative returns over the past month, past 3 months, year to date, and over the past year.
See our latest analysis for Arthur J. Gallagher.
At the current share price of $196.91, the stock has faced a sharp pullback, with a 7 day share price return of 7.03% and a 1 year total shareholder return decline of 41.43%, which suggests momentum has been fading after earlier multi year gains.
If you are rethinking your exposure to insurance brokers after this weaker run, it can be helpful to broaden your watchlist with other high quality companies, including 19 top founder-led companies
After a rough stretch for returns, Arthur J. Gallagher now trades at $196.91 with an indicated intrinsic discount of about 41%. Is this pricing in too much pessimism, or is the market already factoring in expectations for future growth?
Most Popular Narrative: 59.5% Undervalued
According to the most followed narrative, Arthur J. Gallagher's fair value of $485.74 sits far above the last close at $196.91, putting a strong spotlight on how its growth and profitability story is being modeled.
Arthur J. Gallagher & Co. (AJG) has been on an acquisition spree, with significant purchases including AssuredPartners, AnotherDay, Buck, and several others. These strategic moves are set to enhance Gallagher's market position and drive substantial growth in the coming year.
Read the complete narrative.
Want to see how an aggressive acquisition program, higher projected revenue, and margin assumptions all combine into that fair value estimate? The narrative spells out a detailed revenue step up, a firm profit margin target, and a valuation multiple that together point to a very different price than the market is assigning today.
Result: Fair Value of $485.74 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, this depends on the smooth integration of multiple acquisitions and the successful use of the recent US$8.5b equity raise. Any setback could quickly weaken confidence.
Find out about the key risks to this Arthur J. Gallagher narrative.
Another view on valuation: earnings multiple risk
While the narrative and DCF style work suggest upside, the current P/E of 31.4x is far higher than the US Insurance industry at 11.5x, the peer average at 17x, and the fair ratio of 15x. That gap points to meaningful valuation risk if sentiment cools.
Story Continues
To see how this richer P/E compares in detail, and what the fair ratio implies for potential repricing, take a look at our valuation breakdown, including the See what the numbers say about this price — find out in our valuation breakdown.NYSE:AJG P/E Ratio as at May 2026
Next Steps
With sentiment clearly mixed, now is a good time to look through the data yourself and decide what matters most for your portfolio. To see both sides laid out in one place, start by reviewing 5 key rewards and 2 important warning signs
Looking for more investment ideas?
If you stop with just one stock, you risk missing out on other opportunities the market is offering today, so widen your view with a few focused screens.
Target higher potential upside by scanning a curated list of screener containing 23 high quality undiscovered gems that combine quality with less crowded investor attention. Prioritise resilience first by checking 74 resilient stocks with low risk scores that may offer a steadier ride when markets turn choppy. Focus on financial strength by reviewing companies in the solid balance sheet and fundamentals stocks screener (45 results) and see which ones deserve a spot on your watchlist.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AJG.
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- Voya Financial Q1 Earnings Beat Estimates, Revenues & Premiums Rise Y/Y
May 6, 2026
Voya Financial, Inc. VOYA reported first-quarter 2026 adjusted operating earnings of $2.26 per share, which beat the Zacks Consensus Estimate by 11.8%. The bottom line increased 13% year over year.
The increase was driven by higher earnings across all segments, led by strong Employee Benefits and Investment Management performance and improved investment income. However, higher corporate expenses and relatively muted growth in the Retirement segment weighed on overall profitability
Behind the Headlines
Adjusted operating revenues amounted to $2 billion, which increased 3.1% year over year.
Voya Financial, Inc. Price, Consensus and EPS SurpriseVoya Financial, Inc. Price, Consensus and EPS Surprise
Voya Financial, Inc. price-consensus-eps-surprise-chart | Voya Financial, Inc. Quote
Net investment income increased 1.6% year over year to $569 million. Meanwhile, fee income of $604 million increased 6% year over year. Premiums totaled $744 million, up 1% from the year-ago quarter.
Total benefits and expenses were $1.8 billion, up 0.3% from the year-ago quarter.
As of March 31, 2026, VOYA’s assets under management, and assets under administration and advisement totaled $1.1 trillion.
Q1 Segmental Update
Retirement recorded pre-tax adjusted operating earnings of $209 million, which grew slightly from $207 million in the year-ago quarter. The increase was driven by higher assets, contributions from the OneAmerica acquisition and favorable capital market performance
Total client assets as of March 31, 2026, were $780 billion, up 12% year over year.
Employee Benefits reported a pre-tax adjusted operating earnings of $63 million, which increased 37% year over year. The improvement was driven by higher net underwriting and increased fee-based revenues.
Annualized in-force premiums and fees were $3.6 billion, relatively consistent year over year.
Investment Management posted pre-tax adjusted operating earnings, excluding noncontrolling interest, of $46 million, which increased 12% year over year. The increase was primarily driven by higher fee-based revenues, benefiting from strong business momentum and positive capital markets.
Investment Management generated net inflows of $65 million (excluding divested businesses) during the quarter
Corporate incurred pre-tax adjusted operating losses, excluding noncontrolling interest, of $61 million, slightly narrower than the loss of $62 million incurred in the year-ago quarter.
VOYA’s Financial Update
Voya Financial exited the quarter with cash and cash equivalents of $969 million, which decreased 21.2% from the 2025-end level.
Total investments were to $38.1 billion, down 1.2% from the 2025-end level.
Story Continues
Long-term debt at quarter-end was $1.9 billion, which increased 26% from the 2025-end level.
The financial leverage ratio, excluding AOCI, deteriorated 220 basis points year over year to 29.7%.
As of March 31, 2026, book value per share (excluding AOCI) was $66.09, which increased 6.8% year over year.
For the first quarter of 2026, Voya Financial had approximately $200 million of excess capital.
VOYA’s Capital Deployment
As of March 31, 2026, Voya Financial's excess capital position was approximately $0.65 billion.
Voya Financial returned $150 million and $44 million of excess capital to shareholders through share repurchases and common stock dividends, respectively, in the reported quarter.
As of March 31, 2025, VOYA had a remaining share repurchase authorization of $413 million.
Voya Financial entered into a $150 million share repurchase agreement for the second quarter of 2026.
VOYA’s Zacks Rank
Voya Financial currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
Arthur J. Gallagher & Co. AJG reported first-quarter 2026 adjusted net earnings of $4.47 per share, which beat the Zacks Consensus Estimate by 1.6%. The bottom line increased 21.8% on a year-over-year basis.
Total revenues of $4.7 billion beat the Zacks Consensus Estimate by 1.4%. The top line also improved 28.1% year over year, driven by higher commissions, fees, supplemental revenues, and contingent revenues.
Brown & Brown, Inc.’s BRO first-quarter 2026 adjusted earnings of $1.39 per share beat the Zacks Consensus Estimate by 2.2%. The bottom line increased 7.8% year over year. Total revenues of $1.9 billion beat the Zacks Consensus Estimate by 1.4%. The top line improved 35.4% year over year.
Adjusted EBITDAC was $731 million, up 36.6% year over year. The EBITDAC margin improved 40 basis points year over year to 38.5%.
Willis Towers Watson plc WTW delivered first-quarter 2026 adjusted earnings of $3.72 per share, which beat the Zacks Consensus Estimate by 3.6%. The bottom line grew 19% year over year. Willis Towers posted adjusted consolidated revenues of $2.4 billion, up 8% year over year on a reported basis. Revenues increased 3% on an organic basis and 4% on a constant currency basis. The top line beat the Zacks Consensus Estimate by 1.1%.
Adjusted operating income totaled $537 million, up 12% year over year. Adjusted operating margin expanded 70 basis points (bps) to 22.3%. Adjusted EBITDA was $589 million, up 11% year over year. Adjusted EBITDA margin was 23.9%, which expanded 50 bps.
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This article originally published on Zacks Investment Research (zacks.com).
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- Four insurance brokers upgraded to Buy at Citi
May 6, 2026
[Marsh & McLennan office building in Toronto.]
JHVEPhoto/iStock Editorial via Getty Images
Citi raised its recommendation on four insurance brokers to Buy from Neutral, given a systemic return opportunity in the sector.
The stocks were Marsh & McLennan Companies (MRSH [https://seekingalpha.com/symbol/MRSH]), Brown & Brown (BRO [https://seekingalpha.com/symbol/BRO]), Arthur J. Gallagher (AJG [https://seekingalpha.com/symbol/AJG]), and Willis Towers Watson (WTW [https://seekingalpha.com/symbol/WTW]).
"All the insurance brokers we cover are now rated Buy. This is a consequence of three factors: (1) each stock now offers at least 15% potential upside to our 12-month targets; (2) the worst of cyclical growth pressures are likely to abate in the next 2-3 quarters; and (3) the stocks are now trading at multiples in-line with pre-COVID averages," said analyst Matthew Heimermann.
"Our highest conviction idea is AON, with RYAN offering the most asymmetric risk-reward from current levels. We recognize that short-term pricing and premium data is likely to be weak," said Heimermann in a research note.
Citi estimates a median upside potential of ~25% across all its brokers' 12-month price targets.
"This reflects the discounting of both organic growth risks (cyclical and normalized) as well as long-term AI concerns," said the research note.
AJG was +0.73% to $207.31 during pre-market trading on Wednesday, BRO +0.70% to $57.91, MRSH +0.99% to $168.93, and WTW +0.74% to $261.40.
MORE ON RELATED TICKERS
* Arthur J. Gallagher & Co. (AJG) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4897106-arthur-j-gallagher-and-co-ajg-q1-2026-earnings-call-transcript]
* Willis Towers Watson Public Limited Company (WTW) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4896747-willis-towers-watson-public-limited-company-wtw-q1-2026-earnings-call-transcript]
* Willis Towers Watson Public Limited Company 2026 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4896630-willis-towers-watson-public-limited-company-2026-q1-results-earnings-call-presentation]
* Arthur J. Gallagher forecasts 6% full-year 2026 organic growth as AssuredPartners synergy target rises to $300M by early 2028 [https://seekingalpha.com/news/4583516-arthur-j-gallagher-forecasts-6-percent-full-year-2026-organic-growth-as-assuredpartners]
* Wtw narrows 2026 R&B outlook to mid-single digits while maintaining at least $1b in share repurchases [https://seekingalpha.com/news/4583115-wtw-narrows-2026-r-and-b-outlook-to-mid-single-digits-while-maintaining-at-least-1b-in-share]
