Varma Mutual Pension Insurance Co Increases Stake in American Express Company $AXP

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Varma Mutual Pension Insurance Co increased its stake in American Express Company by 22.0% during the third quarter, now owning 113,635 shares valued at $37.745 million. Other hedge funds also adjusted their positions in AXP, which recently announced a quarterly dividend of $0.82 per share. Insider selling activity was noted, with executives divesting a total of 65,810 shares worth over $23 million in the last three months.

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