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Raymond James continues to recommend buying Arthur J. Gallagher (AJG) stock. According to Fintel, on September 18, 2023, Raymond James maintained its coverage of Arthur J. Gallagher (NYSE:AJG) and gave it a “Strong Buy” recommendation. The average one-year price target for Arthur J. Gallagher is $240.06 as of August 31, 2023. Analysts’ forecasts range from $200.99 to $267.75. This represents a potential upside of 4.31% from the latest closing price of $230.14. Arthur J. Gallagher declared a regular quarterly dividend of $0.55 per share ($2.20 annualized) on July 26, 2023. Shareholders of record as of September 1, 2023, received the payment on September 15, 2023. The stock’s current dividend yield is 0.96%, which is lower than the five-year average of 1.57%. The payout ratio of 0.43 indicates that the company pays out a portion of its income as dividends. There are currently 1766 funds or institutions reporting positions in Arthur J. Gallagher. This represents an increase of 7 owners or 0.40% in the last quarter. The put/call ratio of AJG is 0.68, indicating a bullish outlook. Some notable shareholders of Arthur J. Gallagher include Capital International Investors, which owns 4.41% of the company, Vanguard Total Stock Market Index Fund Investor Shares with 3.10% ownership, and Massachusetts Financial Services with 2.65% ownership. Arthur J. Gallagher is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois. It operates in 49 countries and offers client-service capabilities in over 150 countries through a network of brokers and consultants. Fintel is a comprehensive investing research platform that provides data on fundamentals, analyst reports, ownership data, fund sentiment, insider trading, and more. They also offer exclusive stock picks powered by advanced quantitative models for improved profits.
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