InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$254.88

2026-10-16

Market Cap

$65.3B

Volume

1.2M

52-Wk High

$284.33

52-Wk Low

$190.75

Trailing PE

41.8

P/S

4.15

Gross Margin

74.6%

Net Margin

10.0%

ROE

7%

ROIC

5%

Piotroski

7/9

Altman Z

1.1

1-Yr Return

-8.8%

5-Yr Return

+208.1%

Arthur J. Gallagher & Co., alongside its various subsidiaries, operates globally, providing a wide array of services that encompass insurance brokerage, expert consulting, and outsourced claims settlement and administration. Its geographic reach extends across the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. The company's business model is divided into two primary segments: Brokerage and Risk Management. The Brokerage division manages both retail and wholesale insurance operations. It also supports other brokers, including independent ones, in securing specialized or hard-to-place insurance coverage. This segment functions as a wholesale broker, managing general agent (MGA), and managing general underwriter (MGU) to distribute tailored insurance products to underwriting firms. Key activities within this segment include marketing, underwriting, policy issuance, premium collection, agent recruitment and supervision, claims payment, and reinsurance negotiations. It delivers essential brokerage and consulting solutions to a diverse client base, from commercial businesses, non-profit organizations, and public entities to individuals, specializing in insurance placement, managing loss exposure, and overseeing employer-sponsored benefit programs. The Risk Management segment focuses on offering contract-based claims settlement and administration services to businesses and public sector organizations. Its services also include comprehensive claims management, specialized loss control consulting, and independent insurance property appraisals. Arthur J. Gallagher & Co. delivers its extensive services through a broad network of associated insurance brokers and consultants. Its clientele is varied, serving commercial, industrial, public, religious, and non-profit organizations. The company was founded in 1927 and maintains its corporate headquarters in Rolling Meadows, Illinois.

SectorFinancial ServicesIndustryInsurance - BrokersExchangeNYSEMarket Cap$65.3BEmployees72,000 (SEC-filed)CEOJ. Patrick Gallagher Jr.IPO1984-06-20CountryUS

2850 Golf Road, Rolling Meadows, IL 60008-4050 · Tel 630 773 3800 · ajg.com

INSIDERSTREET SCORE52 / 100Street mean $284.08 (12 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$16M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · AJG -8.8% · S&P 500 +15.9% · spread -24.7pp

7 Years vs S&P 500 · AJG +208.1% · S&P 500 +189.9% · spread +18.3pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE52of 100

Score Breakdown

Profitability	43/100
Growth	55/100
Momentum	82/100
Quality	78/100
Earnings Quality	73/100
Balance Sheet	56/100
Value	45/100
Risk (safety)	100/100
Overall	52.3/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
AON	50
MMC	47
WLTW	51
BRO	60
APO	54
MET	42
AJG	52

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 55 in 25 Q1, latest 52 — -3 since. Fell in 3 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY52 / 100IS Score 52.3 / 100 · -2.8 from peak of 55

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBULLISHTechnical Score 84 / 100 · Power +69 · 22 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 52 and price structure at 84 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 52.3	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 47 → 41 → 52 → 52	the direction matters more than the level
Technical vote share back above 50%	now 91%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,386 → now 1,298	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)5 buys2026-06-10

Insider Buys (180d)0none disclosed

ETF Funds (30d)1132 up / 936 downnet +196 funds

Institutions Added (13F)48managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,386 · latest 1,298 (-88 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,298	240.9M	$54.5B	93.9%
2026 Q1	1,250	229.6M	$49.2B	89.5%
2025 Q4	1,303	234.2M	$58.6B	91.3%
2025 Q3	1,345	225.4M	$68.3B	87.8%
2025 Q2	1,386	228.3M	$72.2B	89.0%
2025 Q1	1,364	229.0M	$78.3B	89.2%
2024 Q4	1,330	232.4M	$65.5B	90.6%
2024 Q3	1,206	187.8M	$52.2B	73.2%
2024 Q2	1,155	189.3M	$48.4B	73.8%
2024 Q1	1,137	186.3M	$45.9B	72.6%
2023 Q4	1,086	186.3M	$41.4B	72.6%
2023 Q3	1,000	185.4M	$42.1B	72.2%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Cary Richard C	Controller, CAO	2026-09-15	SELL	1,000	$0.25M	46,819
Gallagher J Patrick Jr	director, CEO	2026-09-08	GIFT	49,988	—	0
Gallagher Patrick Murphy	Chief Operating Officer	2026-09-08	GIFT	49,988	—	148,093
Hudson Scott R	Vice President	2026-09-02	SELL	12,000	$3.17M	90,262
Hudson Scott R	Vice President	2026-09-02	EXERCISE	12,000	$1.03M	12,370
Hudson Scott R	Vice President	2026-09-02	EXERCISE	12,000	$1.03M	102,262
Miskel Christopher C.	director	2026-09-01	A-Award	153	$0.04M	10,826
Bay Walter D.	General Counsel	2026-08-24	SELL	12,000	$3.24M	71,292

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	8	66,750	$16.3M	Counted
M — Exercises (paired A/D)	32	246,428	$10.4M	None — mechanics
F — Tax withholding	29	84,742	$18.0M	None — compensation
G — Gifts	9	67,418	—	None
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$16.3M8 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-09-15	Matrix Trust Co	15,000	$3.8M
2026-09-15	Cary Richard C	1,000	$0.3M
2026-09-02	Hudson Scott R	12,000	$3.2M
2026-08-24	Walter D. Bay	12,000	$3.3M
Trailing 12 mo	22 filings	203,705	$52M

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Filed	Form	Reporting person	% of class	Shares
2026-08-12	SCHEDULE 13G/A	Capital World Investors	5.00%	12.8M sh
2026-07-27	SCHEDULE 13G/A	JPMORGAN CHASE & CO.	5.50%	14.2M sh
2026-04-29	SCHEDULE 13G	Vanguard Capital Management	7.49%	19.2M sh
2026-03-26	SCHEDULE 13G/A	The Vanguard Group	—	exit/reporting change

Member	Chamber	Trade	Size band	Traded	Disclosed
Michael McCaul	House	SELL	$1,001 - $15,000	2026-08-25	2026-10-16
Michael McCaul	House	BUY	$1,001 - $15,000	2026-06-10	2026-07-13
Michael T. McCaul	House	BUY	$1,001 - $15,000	2026-06-10	2026-07-13
John Hoeven	Senate	BUY	$100,001 - $250,000	2014-10-20	2014-10-22
Susan M. Collins	Senate	SELL	$1,001 - $15,000	2014-06-19	2015-07-20
Susan M. Collins	Senate	SELL	$1,001 - $15,000	2014-06-19	2015-07-19

House 12-Mo37 trades19 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)1,250

13F Shares230M89.5% of shares out

New / Closed154 / 182positions, QoQ

Increased / Reduced433 / 474positions, QoQ

Put/Call (13F)1.00option positions

Free Float98.9%254M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Fenimore Asset Management Inc	563,148	$128M
Assenagon Asset Management S.A.	275,979	$63M
Fort Washington Investment Advisor	256,104	$58M
Fisher Funds Management Ltd	236,537	$54M
Gateway Investment Advisers Llc	142,463	$32M
Asr Vermogensbeheer N.V.	141,009	$32M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.1%	$1.9B
VTSAX	0.1%	$1.9B
VSMPX	0.1%	$1.9B
VTI	0.1%	$1.9B
VOO	0.1%	$1.5B
VFFSX	0.1%	$1.5B

13F Filers Holding AJG — quarterly

Institutional Put/Call — quarterly

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session64.7%2026-10-15

20-Day Avg56.7%50-day 60.3%

TrendFalling20d vs 50d

By Market CenterQ: 65% · N: 56% · B: 54%latest session

Weekly Notional ($B)

Where AJG Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Ubsa Ubs Ats	3.5M	45 sh
Sgmt Sigma X2	2.1M	33 sh
Ebxl Level Ats	1.7M	28 sh
Mspl Ms Pool (Ats-4)	1.6M	80 sh
Mlix Instinct X	1.6M	47 sh
Incr Intelligent Cross Llc	1.4M	39 sh

Where a dollar of Arthur J. Gallagher & Co. revenue goes. All values FY2025 filings, live.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Region	Revenue	Share
UNITED STATES	$9.4B	67%
UNITED KINGDOM	$2.5B	18%
Other Foreign	$886M	6%
AUSTRALIA	$586M	4%
CANADA	$395M	3%
NEW ZEALAND	$207M	1%

AJG (live moat model)Peer median: AON · MMC · WLTW · BRO · APO

Component scores from the live moat model. Peer median illustrative.

Moat score 53/100 — Weak; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
J. Patrick Gallagher Jr.	Chairman & Chief Executive Officer
Douglas K. Howell	Corporate Vice President & Chief Financial Officer
Thomas Joseph Gallagher	President
Walter D. Bay	VP, General Counsel & Secretary

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)1 of 6recent quarters

Avg Surprise-0.5%

Next Report2026-10-29

Income Quality1.56OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+17.1%	+4.2%	+17.8%	+14.7%	+20.7%
Gross profit	+18.6%	+20.9%	+18.0%	+14.9%	+56.5%
Operating income	+28.5%	+24.7%	+11.5%	+22.8%	+11.7%
Net income	+10.7%	+22.9%	-13.0%	+50.9%	+2.1%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	8.2	8.6	10.1	11.6	13.9
Cost of revenue	5.2	5.0	5.8	6.7	6.3
Gross profit	3.0	3.6	4.2	4.9	7.6
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	3.9	4.8	5.7	6.5	7.0
Operating income	1.3	1.7	1.9	2.3	2.5
EBITDA	1.8	2.2	2.2	3.1	3.7
D&A	0.6	0.6	0.7	0.8	1.1
Pretax income	1.0	1.3	1.2	1.9	1.9
Income tax	0.0	0.2	0.2	0.4	0.4
Net income	0.9	1.1	1.0	1.5	1.5
Diluted EPS ($)	4.37	5.19	4.42	6.53	5.75
Diluted shares (M)	207	215	219	224	260

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Operating CF$2B

CapEx$0B

Free cash flow$2B

SBC$0B

Buybacks$0B

Net cash change$-14B

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	0.7	1.0	15.0	1.4
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	2.9	3.8	3.9	5.2
Total current assets	22.3	32.1	44.1	34.4
PP&E (net)	0.9	1.1	1.0	1.4
Goodwill + intangibles	12.9	16.1	16.8	33.3
Total assets	38.4	51.6	64.3	70.7
Accounts payable	18.7	0.0	0.0	0.0
Short-term debt	0.6	1.0	0.4	0.9
Deferred revenue	0.5	0.6	0.5	0.0
Total current liabilities	21.3	31.1	29.3	32.5
Long-term debt	5.6	7.0	12.7	12.6
Total liabilities	29.2	40.8	44.1	47.3
Shareholders' equity	9.2	10.8	20.2	23.3

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	1.1	1.0	1.5	1.5
D&A	0.6	0.7	0.8	1.1
Stock-based compensation	0.0	0.0	0.1	0.0
Working capital change	0.6	(0.1)	0.0	(0.5)
Operating cash flow	1.4	2.0	2.6	1.9
Capital expenditures	(0.2)	(0.2)	(0.1)	(0.1)
Investing cash flow	(1.0)	(3.3)	(1.6)	(15.9)
Buybacks	0.0	0.0	0.0	0.0
Dividends paid	(0.4)	(0.5)	(0.5)	(0.7)
Debt issuance / (repay)	(0.2)	1.9	5.3	(0.2)
Financing cash flow	0.2	2.9	13.1	1.7
Free cash flow	1.2	1.8	2.4	1.8

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	12.3%	12.6%	9.7%	9.5%	6.9%	7%
ROA	3.3%	3.1%	2.2%	2.5%	2.2%	1.9%
ROIC	8.8%	9.4%	8.4%	9.6%	5.7%	5.3%
Gross margin	36.2%	42.1%	42.1%	42.2%	54.8%	74.6%
Operating margin	16.3%	19.5%	18.5%	19.8%	18.3%	17.0%
Net margin	11.0%	13.0%	9.6%	12.7%	10.7%	10.0%
EBITDA margin	21.5%	25.5%	21.6%	26.8%	26.3%	25.2%
FCF margin	19.2%	11.9%	18.2%	21.1%	12.8%	—
VALUATION
P/E	38.28	35.52	49.30	44.45	45.10	41.8
P/B	4.08	4.33	4.44	3.23	2.89	2.8
P/S	4.24	4.64	4.74	5.63	4.83	4.15
P/FCF	22.03	38.88	26.00	26.64	37.74	28.6
EV/EBITDA	23.14	20.72	25.34	20.52	21.84	16.6
EV/Revenue	4.99	5.30	5.47	5.50	5.74	4.2
Earnings yield	2.6%	2.8%	2.0%	2.2%	2.2%	2.40%
FCF yield	4.5%	2.6%	3.8%	3.8%	2.6%	3.50%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	1.06	1.04	1.03	1.51	1.06	1.05
Quick ratio	1.06	1.04	1.03	1.51	1.06	1.05
Debt / equity	0.77	0.70	0.77	0.67	0.60	0.09
Debt / assets	19.8%	16.7%	16.1%	21.0%	19.8%	2.5%
Net debt / EBITDA	3.50	2.60	3.38	-0.49	3.44	0.16
Interest coverage	5.31	6.17	4.99	5.91	3.97	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.29	0.24	0.22	0.20	0.21	0.19
Receivables turnover	0.90	1.16	3.01	3.01	3.07	2.6
DSO (days)	405	313	121	121	119	141
DPO (days)	754	1199	586	0	0	—
Cash conversion cycle	-349	-886	-464	121	119	141
GROWTH (YoY)
Revenue growth	16.9%	4.2%	18.0%	14.7%	20.7%	—
Net income growth	10.7%	22.9%	-13.0%	50.9%	2.1%	—
EPS growth	2.7%	21.2%	-13.2%	41.3%	-9.4%	—
FCF growth	-4.7%	-35.4%	80.6%	32.8%	-26.9%	—
PER SHARE ($)
EPS (diluted, TTM)	4.26	5.16	4.48	6.33	5.74	6.11
Book value / share	39.97	42.36	49.81	87.22	89.58	92.53
Revenue / share	38.48	39.56	46.59	50.01	53.55	61.39
FCF / share	7.40	4.72	8.50	10.56	6.86	8.91
Cash / share	1.89	3.42	4.49	64.86	5.36	5.40
SHAREHOLDER RETURN & SCORES
Buyback yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.81%
Altman Z-Score	1.36	1.33	1.13	1.57	1.32	1.1
Piotroski F-Score	5	6	5	7	5	7/9
Beneish M-Score	-1.87	-3.28	-2.14	-3.09	-1.73	-2.28

Model	Score	Zone	Note
Piotroski F-Score	7 / 9	Strong
Altman Z-Score	1.1	Distress (<1.81)	Distress
Income quality	1.56	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.28	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.79
Interest burden	0.75
Operating margin	16.9%
Asset turnover	0.19×
Financial leverage	3.46×
= ROE	7%

Growth Quality (live)	Value
Revenue stability	0.92
Earnings stability	0.85
Earnings persistence	0.98
Revenue CAGR 3y	19.6%
EPS CAGR 3y	6.1%
FCF CAGR 3y	27.5%

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield0.81%

Dividend Yield1.08%

Total Shareholder Return1.62%cash yield

SBC / Revenue0.3%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
AON	$62.1B	16.0	45%	13.0%	+4.9%	8/9	-13.9%
MMC	$89.8B	21.8	27%	11.8%	+7.6%	5/9	-5.8%
WLTW	$24.7B	14.3	20%	9.3%	+6.7%	6/9	—
BRO	$23.2B	19.2	10%	17.2%	+39.6%	7/9	-20.4%
APO	$65.4B	24.0	14%	12.1%	+34.6%	6/9	-8.0%
MET	$64.0B	19.2	13%	3.9%	+9.0%	6/9	—
ALL	$62.7B	4.9	46%	17.6%	+5.4%	7/9	—
NU	$70.3B	19.7	32%	19.2%	+54.9%	4/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

29 Analysts

Str Sell (0)Sell (1)Hold (9)Buy (19)Str Buy (0)

Mean Target (qtr)$284.0812 targets

Target vs. Price+11.5%last-quarter mean

Next Report2026-10-29street $2.99

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$16.54B	$16.82B / $16.34B	$13.13	$13.70 / $12.80	14
FY2027	$17.97B	$18.46B / $17.47B	$14.84	$15.56 / $14.26	14
FY2028	$19.54B	$20.10B / $18.96B	$16.66	$18.41 / $14.15	5

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$278.50	+9.3%	6
Last Quarter	$284.08	+11.5%	12
Last Year	$281.17	+10.3%	53
All Time	$274.08	+7.5%	83

Rolling mean of published targets vs. last close $254.88. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B+

DCF

4/5

ROE

3/5

ROA

4/5

Debt/Eq

4/5

P/E

1/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

AJG -8.8% vs S&P 500 +15.9% — spread -24.7pp

Sector — XLF +7.2%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$232.90	+21.98	+9.44%	Above
SMA 50	$245.98	+8.90	+3.62%	Above
SMA 200	$231.80	+23.08	+9.96%	Above
EMA 9	$239.99	+14.89	+6.20%	Above
EMA 21	$237.98	+16.90	+7.10%	Above
EMA 50	$240.75	+14.13	+5.87%	Above
EMA 200	$242.16	+12.72	+5.25%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBULLISHPower Score +6922 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%100

Momentum 25%91

Volume 20%88

Volatility 10%67

Patterns 15%50

This Week91% bullishof 11 price-based votes

4 Weeks Ago18%+73 pts since

12 Weeks Ago36%+55 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$232.90

Price vs SMA 50$245.98

Price vs SMA 200$231.80

EMA 9/21 Cross240.0/238.0

SMA 50/200Golden

ADX DirectionADX 22

Supertrend$233

Parabolic SAR$225

SMA Slope0.770

RSI65.6

Stochastic K/D94/89

StochRSI K/D100/98

Williams %R-1

CCI293

TSI vs Signal-1.3

CMO31.2

ROC12.72%

OBV SignalAccum

Chaikin MF0.060

MFI70

Force Index5M

Elder Ray Bull17.35

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 89

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$248.43 / $254.43 / $258.75	S1 / S2	$244.11 / $238.11
Bollinger (20,2)	$218.42 – $247.38	Squeeze	Off
52-wk range	$190.75 – $287.57	Off 52-wk high	-11.4%
ATR (14)	$6.59 (2.6%)	Historical vol	30.6%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+1.0%Jan65%

-0.2%Feb60%

+1.2%Mar67%

+3.0%Apr55%

+1.2%May60%

+0.2%Jun55%

+2.3%Jul65%

+1.0%Aug60%

+0.3%Sep55%

+1.7%Oct55%

+2.9%Nov85%

+0.1%Dec55%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	AJG	S&P 500
Weekly volatility (σ, 1y)	5.15%	1.83%
Best / worst week (1y)	+11.8% / -17.7%	—
Max drawdown (5y, monthly)	-40.7%	—
1-week VaR (95%)	-9.0%	—
Beta (5y)	0.51	1.00

AJG EQUITY WEATHER (LIVE)PARTLY CLOUDY · +23

Trend+34

Momentum+69

Volume+33

Volatility-60

Breadth-23

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 169 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+22.8+28.3 vs industry

Trend+34.4+39.5 vs industry

Momentum+68.8+62.3 vs industry

Volume+32.8+32.8 vs industry

Reading	AJG	Insurance - Brokers n=53	Financial Services n=24,134	All US symbols n=70,435
Overall	+22.8	-5.5	-16.3	-20.5
Trend	+34.4	-5.2	-12.5	-21.3
Momentum	+68.8	+6.5	-4.4	-15.8
Volume	+32.8	+0.0	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Pat Gallagher Chairman and Chief Executive O	$20.7M	70% equity+incentive
Doug Howell Chief Financial Officer	$10.0M	57% equity+incentive
Tom Gallagher President	$10.0M	61% equity+incentive
Patrick Gallagher Chief Operating Officer	$8.3M	59% equity+incentive
Walt Bay General Counsel and Secretary	$8.3M	56% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	48
Social	62
Governance	54
Composite ESG	55

Composite ESG Trend

Filed	8-K contents	Items
2026-08-27	Officer/Director Change	5.02
2026-07-30	Earnings Release; Regulation FD	2.02,7.01
2026-07-29	Other Events	8.01
2026-06-17	Regulation FD	7.01
2026-05-13	Shareholder Vote	5.07
2026-04-30	Earnings Release; Regulation FD; Exhibits	2.02,7.01,9.01
2026-03-17	Regulation FD Disclosure	7.01
2026-03-12	Departure/Election of Directors; Appointment of Officers	5.02

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-10-29 to 2026-07-30
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	113 rows · 1998 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-08-16 to 2026-09-15
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-03-26 to 2026-08-12
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co. (AJG)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Arthur J. Gallagher & Co. (AJG)

Institutions holding — 12 quarters

Arthur J. Gallagher & Co. (AJG)

Monthly Net Insider Flow (000 shares)

Signal Summary

Arthur J. Gallagher & Co. (AJG)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding AJG — quarterly

Institutional Put/Call — quarterly

Arthur J. Gallagher & Co. (AJG)

Where AJG Trades in the Dark

Arthur J. Gallagher & Co. (AJG)

3.8 · Employees (SEC filings)

Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co. (AJG)

Balance Sheet — Full

Cash Flow Statement — Full

Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co. (AJG)

Street Price Target — Trajectory

Third-Party Composite Rating

Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co. (AJG)

Family Scores (site weights)

Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co. (AJG)