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Longbow Finance SA Trims Stock Holdings in Arthur J. Gallagher & Co. $AJG
Longbow Finance SA has reduced its stake in Arthur J. Gallagher & Co. by 12.3% in the third quarter, selling 7,281 shares, while other institutional investors like Physician Wealth Advisors Inc. and Rakuten Securities Inc. increased their holdings. The financial services provider recently increased its quarterly dividend and reported earnings that beat analyst estimates, though revenue slightly missed expectations. Insider selling by VP Christopher E. Mead and CFO Douglas K. Howell was also noted.