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Arthur J. Gallagher & Co. $AJG Shares Acquired by Professional Advisory Services Inc.
Professional Advisory Services Inc. significantly increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 12.2%, now holding 78,448 shares valued at $20.3 million. Despite increased institutional ownership (85.53%), two company VPs recently sold a combined 7,800 shares for about $1.77 million, reducing insider ownership to 1.30%. Analysts maintain a “Moderate Buy” consensus with an average price target of $273.82, and the company raised its quarterly dividend to $0.70 per share.