From MarketBeat:



During the third quarter, GAM Holding AG acquired a new stake in Arthur J. Gallagher & Co. by purchasing 15,109 shares of the financial services provider’s stock, valued at approximately $3,444,000. This is part of a trend of other institutional investors modifying their holdings of AJG, with U.S. Capital Wealth Advisors LLC, Canada Pension Plan Investment Board, Prudential PLC, Sequoia Financial Advisors LLC, and Candriam Luxembourg S.C.A. all increasing their stakes in the company. Additionally, CFO Douglas K. Howell sold a significant number of shares of the company’s stock, totaling over $11 million. Several equity research analysts have given their opinions of the company’s stock, with mostly positive ratings, but one analyst issuing a sell rating. Arthur J. Gallagher & Co. also recently announced a quarterly dividend. The firm operates as an insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services provider to businesses and organizations worldwide. Analysts estimate that the company will post 8.77 earnings per share for the current fiscal year. Lastly, MarketBeat keeps track of the top-rated research analysts and the stocks they recommend, with Arthur J. Gallagher & Co. currently not being on their list of top stock recommendations.



Original: GAM Holding AG Acquires Shares of 15,109 Arthur J. Gallagher & Co. (NYSE:AJG)