Cigna Investments increased stake in Ares Management, and Ares Management/Capital reported Q2 EPS above estimates.

Cigna Investments increased its stake in Ares Management Co by 8.0% to $251,000, while SteelPeak Wealth LLC raised its stake in Ares Capital Co by purchasing 27,523 shares. Ares Management reported Q2 EPS of $0.99, exceeding estimates by $0.01, and Ares Capital reported Q2 EPS of $0.61, surpassing analyst estimates by $0.03. Institutional investors hold 50.03% and 27.38% of Ares Management and Ares Capital, respectively.

August 15, 2024
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