Shares in insurance sector investment company BP Marsh & Partners (BPM:298p) hit an all-time high on the back of a positive trading update ahead of half-year results on Tuesday 16 October. I know the £112m market capitalised company well, having first advised buying the shares at 88p ('Hyper value small-cap buy', 22 Jan 2012), and last reiterated that recommendation at 284p when I upgraded my target to 339p (‘Corporate activity to boost BP Marsh’, 12 Jun 2018). For good measure the board has paid out dividends of 19.69p a share in the past six financial years and doubled net asset value (NAV) per share.

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