Kier Group PLC (LSE:KIE), the UK infrastructure and construction contractor, has had its price target raised to 330p from 215p by RBC Capital Markets following the company's recent strategic update. RBC retained its Sector Perform rating, saying Kier's shares have already risen about 27% since the update and now offer limited further upside against the new valuation.
Looking for broad exposure to the Financials - Insurance segment of the equity market? You should consider the State Street SPDR S&P Insurance ETF (KIE), a passively managed exchange traded fund launched on November 8, 2005.
The State Street SPDR S&P Insurance ETF (KIE) made its debut on 11/08/2005, and is a smart beta exchange traded fund that provides broad exposure to the Financials ETFs category of the market.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 5,200 | $270,764.44 | $316,732 | $45,967.56 | 16.98% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 12,808 | $781,158 | $780,135.28 | -$1,022.72 | -0.13% |
| SC Sanjay Chawla Factory Mutual Insurance Co | 311,850 | $10.47M | $19.51M | $9.04M | 86.29% |
| NA Nizar Araji National Bank Of Canada /FI/ | 360 | $20,257.08 | $22,269.6 | $2,012.52 | 9.93% |
Jeff Ameen Spire Wealth Management | 19,794 | $846,518.9 | $1.22M | $377,937.94 | 44.65% |
| ARCA Exchange | US Country |
The provided company operates within the financial sector, specifically targeting the insurance industry. It aims to replicate the performance of the S&P Insurance Select Industry Index, an index representing the insurance sector's segment within the larger S&P Total Market Index (S&P TMI). To achieve this, the company adopts a sampling strategy, ensuring that a significant portion, if not all, of its total assets are invested in securities that are part of this index. This index comprises various companies involved in the insurance industry, offering a diversified exposure to this specific segment of the financial market.
The company provides one primary financial product that is structured around the unique aspects of the insurance industry within the broader market: