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Factory Mutual Insurance Co. Buys 35,000 Shares of Arthur J. Gallagher & Co. $AJG
Factory Mutual Insurance Co. significantly increased its stake in Arthur J. Gallagher & Co. by 241.4% in the third quarter, acquiring an additional 35,000 shares to hold a total of 49,500 shares valued at approximately $15.33 million. This move comes as Arthur J. Gallagher & Co. reported Q3 earnings that beat estimates and increased its quarterly dividend. Despite some insider selling, institutional investors maintain a substantial ownership in the company.