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Munich Reinsurance Co Stock Corp in Munich Grows Position in Caterpillar Inc. $CAT
Munich Reinsurance Co Stock Corp in Munich increased its holdings in Caterpillar Inc. by 51.8% during the fourth quarter, purchasing an additional 6,113 shares to own a total of 17,908 shares worth $10.34 million. Several other hedge funds also adjusted their stakes in Caterpillar. Analysts have a “Moderate Buy” rating on the stock with a consensus price target of $767.77, amid varied sentiment regarding the company’s financial performance, its increasing exposure to AI, and insider trading activity.