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Munich Reinsurance Co Stock Corp in Munich Acquires 11,328 Shares of BlackRock $BLK
Munich Reinsurance Co Stock Corp in Munich significantly increased its stake in BlackRock (NYSE:BLK) during the fourth quarter, acquiring an additional 11,328 shares, which boosted its total holdings to 11,487 shares valued at $12.44 million. This move is part of a broader trend of institutional investors adjusting their positions in BlackRock, with several large funds raising their stakes, while corporate insiders have sold shares. Analysts currently rate BlackRock with a “Moderate Buy” consensus and an average price target of $1,269.06.