UnitedHealth tests AI system to streamline medical claims processing - Bloomberg
Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (exchange:RCG), has purchased a total of 938 shares of common stock on September 23, 2025. The purchases were made at a price of $2.60 per share, totaling $2912. The micro-cap fund, currently valued at $17.96 million, has demonstrated strong performance with a 14.8% year-to-date return and trades at an attractive P/E ratio of 4.89.
The transactions involved multiple entities. Stahl directly purchased 356 shares. Indirect purchases were also made through his spouse (18 shares), Fromex Equity Corp (180 shares), FRMO Corp (180 shares), Horizon Common Inc. (286 shares), Horizon Kinetics Hard Assets LLC (18 shares), and Horizon Kinetics Asset Management LLC (82 shares).
Following these transactions, Stahl directly holds 112,458 shares. Indirect holdings include 3,572 shares held by spouse, 113,988 shares held by Fromex Equity Corp, 299,240 shares held by FRMO Corp, 328,186 shares held by Horizon Common Inc., 9,648 shares held by Horizon Kinetics Hard Assets LLC, and 57,608 shares held by Horizon Kinetics Asset Management LLC. Stahl disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.
In other recent news, iA Financial Corporation Inc. has announced a definitive agreement to acquire RF Capital Group Inc. for $597 million. This all-cash transaction aims to bolster iA Financial’s standing in the Canadian independent wealth management sector. The acquisition values RF Capital’s common shares at $20.00 each, which is about a 107% premium over RF Capital’s closing price on July 25. The deal encompasses $370 million for RF Capital’s fully diluted equity and an additional $227 million to cover financial obligations. These recent developments highlight iA Financial’s strategic move to expand its market presence. The acquisition is part of iA Financial’s ongoing efforts to strengthen its portfolio and service offerings. This move is expected to have significant implications in the wealth management industry.
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