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 $21.49 million as of November 18th, 2022. Mr. Cavaness owns 111,087 shares of Arthur J. Gallagher & Co. stock worth more than $21,494,224 as of February 5th. 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 [email protected] 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 ninety days. Most recently, Joel D. Cavaness sold 10,000 shares of the business's stock in a transaction on Friday, November 18th. The shares were sold at an average price of $192.72, for a transaction totalling $1,927,200.00. Following the completion of the sale, the vice president now directly owns 111,087 shares of the company's stock, valued at $21,408,686.64. 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 Walter Bay (General Counsel), Richard Cary (CAO), Joel Cavaness (VP), Frank English, Jr. (Director), Thomas Gallagher (VP), J. Gallagher, Jr. (CEO), Douglas Howell (CFO), Scott Hudson (VP), David Johnson (Director), Kay McCurdy (Director), 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 18 times. They sold a total of 234,855 shares worth more than $38,902,740.86. The most recent insider tranaction occured on November, 30th when Director Sherry S Barrat sold 505 shares worth more than $100,287.95. Insiders at Arthur J. Gallagher & Co. own 1.4% of the company. Learn More about insider trades at Arthur J. Gallagher & Co..

Information on this page was last updated on 11/30/2022.

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

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
11/18/2022Sell10,000$192.72$1,927,200.00111,087View SEC Filing Icon  
8/11/2022Sell16,200$187.07$3,030,534.00121,087View SEC Filing Icon  
11/16/2021Sell11,600$167.00$1,937,200.00View SEC Filing Icon  
8/3/2017Sell10,000$58.73$587,300.0096,186View SEC Filing Icon  
See Full Table

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

This chart shows Joel D Cavaness's buying and selling at Arthur J. Gallagher & Co. by year and by quarter.

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Arthur J. Gallagher & Co. Company Overview

Arthur J. Gallagher & Co. logo
Arthur J. Gallagher & Co. engages in the provision of insurance brokerage, consulting, and third-party claims settlement and administration services to both domestic and international entities. It operates through the following business 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 for enterprises and public entities that choose to self-insure some or all of their property/casualty coverage and for underwriting enterprises that choose to outsource some or all of their property/casualty claims departments. The Corporate segment manages clean energy and other investments. The company was founded by Arthur J. Gallagher on October 1, 1927 and is headquartered in Rolling Meadows, IL.
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Today's Range

Now: $193.49
Low: $192.05
High: $194.87

50 Day Range

MA: $192.89
Low: $185.09
High: $201.26

2 Week Range

Now: $193.49
Low: $148.03
High: $202.37


877,660 shs

Average Volume

702,267 shs

Market Capitalization

$40.80 billion

P/E Ratio


Dividend Yield