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Investor James Maguire slashes stake to less than 5% in Philadelphia Consolidated
By E. Janene Geiss
Philadelphia, Jan. 8 - Investor James J. Maguire slashed his investment to less than 5% in Philadelphia Consolidated Holding Corp. as of Dec. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.
Those holdings are down from the passive stake of 15.8%, or 11,419,743 shares, that Maguire reported on Dec. 31, 2007.
Philadelphia Consolidated designs, markets and underwrites commercial property/casualty and professional liability insurance products. The company is based in Bala Cynwyd, Pa.
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