Joel D. Cavaness net worth and biography

Joel Cavaness Biography and Net Worth

Joel D. Cavaness joined Gallagher in 1986 as a marketing representative in Gallagher’s St. Louis office, after spending several years as a casualty underwriter for standard and excess/surplus lines carriers. He worked his way up to area vice president by 1990, then relocated to Gallagher’s home office outside Chicago in 1996 to lead International Special Risk Services, Inc. In 1997, he co-founded Risk Placement Services, Inc. (RPS) and led its growth to become one of the largest U.S. wholesale brokers, managing general agents and program managers. In 2000, he was appointed a corporate vice president of Gallagher.

Mr. Cavaness is very active in the Wholesale & Specialty Insurance Association (WSIA), having served on the board of directors since 2010. He holds both CPCU and ARM designations.

He holds a Bachelor’s of Science in Business Administration from Southeast Missouri State University.

What is Joel D. Cavaness' net worth?: The estimated net worth of Joel D. Cavaness is at least $671,555.08 as of March 18th, 2024. Mr. Cavaness owns 2,023 shares of Arthur J. Gallagher & Co. stock worth more than $671,555 as of April 25th. This net worth approximation does not reflect any other assets that Mr. Cavaness may own. Learn More about Joel D. Cavaness' net worth.
How do I contact Joel D. Cavaness?: The corporate mailing address for Mr. Cavaness and other Arthur J. Gallagher & Co. executives is 2850 GOLF ROAD, ROLLING MEADOWS IL, 60008. Arthur J. Gallagher & Co. can also be reached via phone at (630) 773-3800 and via email at investor_relations@ajg.com. Learn More on Joel D. Cavaness' contact information.
Has Joel D. Cavaness been buying or selling shares of Arthur J. Gallagher & Co.?: Joel D. Cavaness has not been actively trading shares of Arthur J. Gallagher & Co. during the last quarter. Most recently, Joel D. Cavaness sold 1,207 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $255.20, for a transaction totalling $308,026.40. Following the completion of the sale, the vice president now directly owns 2,023 shares of the company's stock, valued at $516,269.60. Learn More on Joel D. Cavaness' trading history.
Who are Arthur J. Gallagher & Co.'s active insiders?: Arthur J. Gallagher & Co.'s insider roster includes Sherry Barrat (Director), William Bax (Director), Walter Bay (General Counsel), Richard Cary (CAO), Joel Cavaness (VP), Frank English, Jr. (Director), Patrick Gallagher (VP), Thomas Gallagher (VP), J. Gallagher, Jr. (CEO), Douglas Howell (CFO), Scott Hudson (VP), David Johnson (Director), Kay McCurdy (Director), Christopher Mead (VP), Michael Pesch (Corporate Vice President, Chief Executive Officer, Global Brokerage - Americas), Susan Pietrucha (Insider), and William Ziebell (VP). Learn More on Arthur J. Gallagher & Co.'s active insiders.
Are insiders buying or selling shares of Arthur J. Gallagher & Co.?: During the last year, insiders at the financial services provider sold shares 20 times. They sold a total of 130,345 shares worth more than $36,526,433.42. The most recent insider tranaction occured on March, 21st when VP Scott R Hudson sold 7,510 shares worth more than $2,505,260.90. Insiders at Arthur J. Gallagher & Co. own 1.6% of the company. Learn More about insider trades at Arthur J. Gallagher & Co..
Information on this page was last updated on 3/21/2025.

Joel D. Cavaness Insider Trading History at Arthur J. Gallagher & Co.

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/18/2024	Sell	1,207	$255.20	$308,026.40	2,023
10/31/2023	Sell	1,171	$236.05	$276,414.55	2,023
6/8/2023	Sell	2,750	$204.23	$561,632.50	2,023
5/4/2023	Sell	33,300	$210.57	$7,011,981.00	135,178
11/18/2022	Sell	10,000	$192.72	$1,927,200.00	111,087
8/11/2022	Sell	16,200	$187.07	$3,030,534.00	121,087
11/16/2021	Sell	11,600	$167.00	$1,937,200.00
12/4/2019	Sell	29,500	$93.75	$2,765,625.00
8/3/2017	Sell	10,000	$58.73	$587,300.00	96,186

Joel D. Cavaness Buying and Selling Activity at Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. Company Overview

Arthur J. Gallagher & Co. engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations. The Risk Management segment provides contract claim settlement and administration services. The Corporate segment manages clean energy and other investments. The company was founded by Arthur J. Gallagher in 1927 and is headquartered in Rolling Meadows, IL.

Today's Range

Now: $331.96

$326.33

$332.71

50 Day Range

MA: $330.74

$310.68

$345.01

2 Week Range

Now: $331.96

$232.27

$350.70

Volume

961,110 shs

Average Volume

1,267,389 shs

Market Capitalization

$84.89 billion

P/E Ratio

50.91

Dividend Yield

0.78%

Beta

0.64