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Rolling Meadows Today
By the People, for the People
Bank of Nova Scotia Boosts Stake in Arthur J. Gallagher & Co.
The financial services firm increased its holdings in the insurance brokerage by 488.4% in the third quarter.
Mar. 16, 2026 at 7:53am
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Bank of Nova Scotia significantly increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG), the global insurance brokerage and risk management firm, by acquiring an additional 129,686 shares during the third quarter. This boosted the bank's total holdings in Gallagher to 156,239 shares, or 0.06% of the company.
Why it matters
The large increase in Bank of Nova Scotia's position in Arthur J. Gallagher & Co. signals the bank's confidence in the insurance brokerage's growth prospects. As a major institutional investor, Bank of Nova Scotia's move could influence other investors to take a closer look at Gallagher's stock.
The details
According to a filing with the Securities and Exchange Commission, Bank of Nova Scotia acquired the additional 129,686 shares of Arthur J. Gallagher & Co. during the third quarter of 2026. This increased the bank's total stake in the insurance brokerage to 156,239 shares, worth approximately $48.4 million as of the most recent filing.
- Bank of Nova Scotia acquired the additional shares during the third quarter of 2026.
The players
Bank of Nova Scotia
A major Canadian financial services firm that has significantly increased its stake in Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co.
A global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois.
The takeaway
Bank of Nova Scotia's substantial investment in Arthur J. Gallagher & Co. suggests the Canadian bank sees strong growth potential in the insurance brokerage firm, which could signal increased investor interest in Gallagher's stock going forward.
