Arthur J. Gallagher & Co. with ticker code (AJG) now have 14 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 233 and 176 with the average target price sitting at $217.00. Now with the previous closing price of $183.60 this indicates there is a potential upside of 18.2%. It’s also worth noting that there is a 50 day moving average of $190.54 and the 200 moving average now moves to $181.90. The total market capitalization for the company now stands at $38,177m. Visit the company website at: https://www.ajg.com
The potential market cap would be $45,122m 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 activitiesluding 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 1.2% with the ex dividend date set at 2-3-2023 (DMY).
Other points of data to note are a P/E ratio of 35.36, revenue per share of 39.33 and a 3.17% return on assets.
