Migdal Insurance reports 4.9% passive stake in Elbit Systems

By E. Janene Geiss

Philadelphia, Dec. 3 - Migdal Insurance & Financial Holdings Ltd. reported a 4.9% investment in Elbit Systems Ltd. as of Nov. 25, according to an SC 13G/A filing with the Securities and Exchange Commission.

That represents a passive stake of 2,072,039 shares.

Those holdings are down slightly from the passive stake of 5.03%, or 2,119,730 shares, that Migdal reported owning on Nov. 19.

Elbit Systems is an international defense electronics company located in Haifa, Israel.

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