| 2024-04-18 | +0.84 % |
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| 2024-04-16 | +1.23 % |
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| 2024-04-11 | -0.95 % |
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| 2024-04-09 | -3.52 % |
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| 2024-04-05 | +4.18 % |
- Arch Capital Group (ACGL) stock rose by 4.18% following a positive analyst outlook from Roth/MKM, citing the acquisition of Allianz's U.S. MidCorp and Entertainment Insurance Businesses for $450 million cash consideration as a key factor driving the increase in stock price. The acquisition is anticipated to contribute to Arch's growth in premiums, cash flow, and profitability, with the deal projected to enhance earnings per share and return on equity starting in 2025, and offer benefits extending into 2026 and beyond.
- The Arch Capital Group (ACGL) stock went up by 4.18% last night due to the announcement of its acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz Global Corporate & Specialty SE, which is expected to expand Arch's presence in the U.S. middle market property and casualty segment, broadening its product suite and enhancing distribution relationships.
- The article discusses Arch Capital Group's (ACGL) acquisition of Allianz's U.S. Commercial Middle Market and Entertainment Business, which contributed to a 4.18% increase in the ACGL stock. The stock went up due to the growth strategy enhancement in key insurance markets and the addition of strong relationships with brokers, claims management capabilities, and underwriting expertise.
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| 2024-04-04 | -1.24 % |
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| 2024-04-01 | -0.14 % |
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| 2024-03-28 | +1.05 % |
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| 2024-03-27 | +0.98 % |
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| 2024-03-21 | -1.67 % |
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| 2024-03-20 | +0.61 % |
- The article discusses the launch of the Encompass Mortgage Insurance (MI) Center by Intercontinental Exchange, Inc. (NYSE: ICE), providing improved tools and functionalities for lenders to manage mortgage transactions digitally, leading to Arch Capital Group Ltd. (Nasdaq: ACGL) stock going up by 0.61% last night due to the positive impact of the new MI Center on the efficiency and engagement of lenders in ordering mortgage insurance.
- Summary: Wedmont Private Capital increased its holdings in Arch Capital Group Ltd. (NASDAQ: ACGL) by 9.1% during the fourth quarter, leading to a 0.61% increase in the stock, with various other hedge funds also showing interest in the company, resulting in positive movements for ACGL stock.
Reason for Stock Increase: The increase in Arch Capital Group (ACGL) stock was driven by Wedmont Private Capital and other hedge funds buying shares, indicating investor confidence in the company's future performance and potential growth.
- The article discusses how B. Riley Wealth Advisors Inc. reduced its stake in Arch Capital Group Ltd. (ACGL) by 3.3% during the third quarter and details other hedge funds' recent holdings in the company, such as WCM Investment Management LLC, Norges Bank, Capital International Investors, Morgan Stanley, and Envestnet Asset Management Inc. The stock of Arch Capital Group went up by 0.61% due to positive ratings from various research firms and the company's strong financial performance, including surpassing analyst earnings estimates, high revenue, and a sound return on equity. It also mentions insider selling activities.
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| 2024-03-19 | +0.3 % |
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| 2024-03-13 | +0.09 % |
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| 2024-03-12 | +0.68 % |
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| 2024-03-01 | -0.48 % |
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| 2024-02-27 | -0.07 % |
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| 2024-02-23 | +1.71 % |
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| 2024-02-20 | -0.86 % |
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| 2024-02-16 | -1.48 % |
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| 2024-02-15 | +2.98 % |
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| 2024-02-12 | -0.43 % |
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| 2024-02-07 | +1.34 % |
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| 2024-02-06 | -0.43 % |
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| 2024-02-05 | +0.43 % |
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| 2024-02-02 | +1.47 % |
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| 2024-02-01 | -0.41 % |
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| 2024-01-29 | -0.21 % |
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| 2024-01-26 | +0.38 % |
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| 2024-01-25 | -0.66 % |
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| 2024-01-23 | -0.16 % |
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| 2024-01-22 | -0.51 % |
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| 2024-01-09 | -1.26 % |
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| 2023-11-22 | -0.21 % |
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| 2023-11-13 | +0.72 % |
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| 2023-11-09 | +0.65 % |
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| 2023-10-27 | -1.32 % |
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