Rep. Kelly Morrison sold shares of insurance brokerage giant Arthur J. Gallagher & Co. on March 8, 2026, in a set of transactions valued at an estimated ~$49,000. The Minnesota Democrat disclosed three separate sales of the stock, all executed the same day and held in her own account.
The trades were reported under the STOCK Act, which requires members of Congress to disclose securities transactions. Morrison, a first-term lawmaker who has logged 80 total career trades, is one of several members who have reported activity in Arthur J. Gallagher & Co. in recent years.
The Trades
- Mar. 8, 2026 — Sell — $15,000–$50,000 — Owner: Self
- Mar. 8, 2026 — Sell — $1,000–$15,000 — Owner: Self
- Mar. 8, 2026 — Sell — $1,000–$15,000 — Owner: Self
Combined, the three transactions represent an estimated total value of roughly $49,000, based on midpoint calculations from the disclosure ranges. Congressional financial disclosure rules require lawmakers to report trades within broad value bands rather than exact dollar figures.
All three sales occurred on the same day, suggesting a coordinated reduction of Morrison’s position in the company rather than staggered trading across multiple sessions.
About Arthur J. gallagher & Co.
Arthur J. Gallagher & Co. (NYSE: AJG) is one of the largest insurance brokerage and risk management firms in the world. Headquartered in Rolling Meadows, Illinois, the company provides insurance brokerage services, employee benefit consulting, and risk management solutions to businesses, government entities, and individuals.
The firm operates globally and has expanded aggressively through acquisitions over the past decade, building a broad portfolio of regional brokerages and specialty risk consultancies. Gallagher’s revenue model is largely fee-based, generated through commissions on insurance placements and advisory services.
Insurance brokers like Gallagher occupy a key intermediary role between insurance carriers and clients seeking coverage for commercial risks, employee benefits, and specialized exposures. The industry has experienced sustained consolidation in recent years, with large brokerages scaling up through mergers to increase negotiating power with insurers and expand client services.
Shares of AJG have historically been viewed as a steady performer within the financial services sector, reflecting consistent demand for insurance brokerage services and relatively predictable fee income. The company’s growth strategy has focused heavily on acquisitions, international expansion, and cross-selling services to existing clients.
Congressional interest in the stock is not unique to Morrison. According to disclosure filings, 12 other members of Congress have also reported trades in AJG. A complete list of those transactions is available on the page tracking all congressional trades in AJG.
Why This Matters
Morrison serves on the House Committee on Veterans’ Affairs and the House Committee on Small Business, including subcommittees covering contracting and infrastructure, rural development, energy and supply chains, disability assistance, and health-related issues affecting veterans.
Neither committee directly regulates insurance brokerage firms like Arthur J. Gallagher & Co. However, the insurance and risk management sector interacts broadly with federal policy—from healthcare benefits administration to risk coverage for government contractors and small businesses.
The size of the disclosed transactions places them in the mid-range of congressional trades. The largest individual sale reported by Morrison that day fell within the $15,000–$50,000 disclosure bracket, while the other two transactions were smaller divestments in the $1,000–$15,000 range.
Three transactions executed on the same date often indicate portfolio rebalancing or a full or partial exit from a position. Disclosure filings do not include the number of shares traded or the exact price at execution, leaving only the value bands required under federal ethics law.
Morrison has reported 80 trades during her congressional career, placing her among lawmakers who actively manage personal investment portfolios while in office. Readers can review her broader activity through Kelly Morrison's full trading profile.
Congressional trading disclosures have drawn increased scrutiny in recent years, particularly when lawmakers trade in sectors tied to legislation or committee oversight. Transparency advocates track patterns across filings to identify concentrations of activity and potential conflicts.
For readers monitoring market activity across Capitol Hill, Morrison’s AJG transactions appear as part of a broader stream of filings from both chambers. The most recent filings can be followed through the full congressional trade feed, while aggregated data on the most active lawmakers appears in the most active congressional traders list.
About the Data
These disclosures are required under the STOCK Act of 2012, which mandates that members of Congress report most securities trades within 45 days. Lawmakers disclose transactions using value ranges rather than precise amounts, meaning the true size of a trade may fall anywhere within the reported band. The AJG trades reported here are drawn from Morrison’s official filing and represent estimates based on those ranges. Additional historical filings and related activity are available through Kelly Morrison's full trading profile and the page tracking all congressional trades in AJG.