Arthur J. Gallagher & Co. which can be found using ticker (AJG) now have 14 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 233 and 178 calculating the mean target price we have $218.29. Given that the stocks previous close was at $207.88 this would imply there is now a potential upside of 5.0%. The 50 day MA is $190.39 and the 200 moving average now moves to $186.04. The company has a market capitalization of $44,478m. Company Website: https://www.ajg.com
The potential market cap would be $46,706m based on the market consensus.
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises. This segment also performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers services in the areas of insurance and reinsurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment provides contract claim settlement and administration services; and claims management, loss control consulting, and insurance property appraisal services. The company offers its services through a network of correspondent brokers and consultants. It serves commercial, industrial, public, religious, and not-for-profit entities, as well as underwriting enterprises. The company was founded in 1927 and is headquartered in Rolling Meadows, Illinois.
The company has a dividend yield of 1.06% with the ex dividend date set at 2-3-2023 (DMY).
Other points of data to note are a P/E ratio of 40.03, revenue per share of 39.33 and a 3.17% return on assets.
