Rep. Ro Khanna reported roughly $83,000 in purchases of shares in insurance brokerage giant AJG, according to a new congressional financial disclosure covering trades made in February.
The California Democrat disclosed two separate purchases of Arthur J. Gallagher & Co. stock between Feb. 17 and Feb. 24. The transactions were split between a smaller purchase by Khanna’s spouse and a significantly larger buy made in an account listed under "DC."
Combined, the transactions fall within a disclosure range of roughly $51,000 to $115,000, with an estimated value around $83,000 based on the midpoint of the reported ranges.
Details of the transactions
- Feb. 17, 2026: Buy — $1,000–$15,000 (Owner: Spouse)
- Feb. 24, 2026: Buy — $50,000–$100,000 (Owner: DC)
Members of Congress are required under the STOCK Act to disclose securities trades within 45 days. The law, passed in 2012, was designed to increase transparency around lawmakers’ financial activity and potential conflicts of interest.
Khanna, who has reported more than 19,600 trades during his congressional career, sits on several high-profile panels including the House Armed Services Committee and the House Committee on Oversight and Government Reform, as well as the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party.
A steady compounder in financial services
Arthur J. Gallagher & Co. is one of the world’s largest insurance brokers, providing risk management services, commercial insurance placement, and employee benefits consulting for corporations and institutions. The company operates on a fee- and commission-driven model tied closely to insurance premium volumes and broader pricing cycles in the commercial insurance market.
Investors often view Gallagher as a steady compounder. The company has built its growth story around an aggressive acquisition strategy, regularly purchasing smaller brokerage and consulting firms to expand market share and geographic reach.
Shares recently traded around $207.93, giving the Illinois-based firm a market capitalization of roughly $53.5 billion. Over time, the stock’s performance has been supported by rising insurance premiums across property, casualty, and specialty markets, which tend to boost brokerage commissions.
Insurance brokers like Gallagher typically benefit during periods of "hard" insurance markets, when premium pricing rises due to tighter underwriting conditions. That dynamic has been a tailwind for large brokerage platforms capable of handling complex commercial policies.
Congressional interest in AJG
Khanna is not alone in trading the insurance brokerage giant. At least 13 members of Congress have reported transactions involving AJG shares in recent disclosures.
Lawmakers’ trading activity has drawn increasing scrutiny in recent years, fueling bipartisan proposals to restrict or ban individual stock trading by members of Congress. Despite the debate, disclosures continue to offer a window into how lawmakers and their households are positioning their personal portfolios.
For readers tracking market activity on Capitol Hill, these transactions add to the stream of latest congressional trades reported across both chambers.