Stocks
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With the exception of InsurTechs, short interest movement was muted in the absence of material catalysts.
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Short interest data shows an incremental uptick in short interest for InsurTechs, with slight declines for the brokers.
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New CEOs were not able to consistently create higher book value growth than their predecessors, and any growth achieved wasn’t maintained after five years.
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P&C stock movement in May centered on pricing commentary and economic recovery, with little impact from the forecast above-average hurricane season.
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Management should examine the relationship between company strategy, broader market cycles and short interest.
