Ferguson Wellman Capital Management Inc. Sells 38,575 Shares of Arthur J. Gallagher & Co. $AJG

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Ferguson Wellman Capital Management Inc. reduced its stake in Arthur J. Gallagher & Co. by 34.2%, selling 38,575 shares and ending the quarter with holdings worth $19.24 million. Despite this, Arthur J. Gallagher & Co. recently beat EPS estimates, increased its quarterly dividend, and holds a “Moderate Buy” consensus rating from Wall Street analysts. The company shows strong financials with a market cap of $55 billion and a P/E ratio of 34.79.

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