Research
Raymond James Downgrades Accelerant to Market Perform From Outperform
Accelerant (ARX) has an average rating of hold and mean price target of $21.88, according to analysts polled by FactSet.
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19 stories mentioning ARXUpdated 36d ago
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Sectors
Sector Update: Financial Stocks Rise Late Afternoon
Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 0.6%.The Philadelphia Housing Index added 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) climbed 1.4%.Bitcoin (BTC-USD) was fractionally lower at $63,401, and the yield for 10-year US Treasuries fell 4.1 basis points to 4.641%.In economic news, the Producer Price Index held steady in July, following a 0.1% decrease in June, versus the 0.2% gain expected in a Bloomberg-compiled survey, amid sliding energy and food prices. Excluding food and energy, core PPI climbed 0.2%, below the 0.3% gain anticipated and a 0.4% increase in June.The probability of the Federal Reserve extending its policy pause to September jumped to 66% on Thursday, from 59% a day ago and 45% a week earlier, according to the CME FedWatch tool.In corporate news, Accelerant (ARX) said Thursday it has agreed to be acquired by Thoma Bravo in an all-cash deal with an enterprise value of over $4 billion. Accelerant shares surged 43%.Robinhood (HOOD) plans to accelerate the pace of debuts for its publicly traded closed-end funds after its first two attempts to make private firms more accessible to its retail customers, Bloomberg reported, citing an interview with Robinhood CFO Shiv Verma. Robinhood shares were up 4.6%.Coinbase (COIN) has received a financial services permission from the Financial Services Regulatory Authority to establish its international tokenization hub in ADGM, the international financial center of Abu Dhabi, ADGM said Thursday. Coinbase shares were up 2.3%.PSQ Holdings (PSQH) said Thursday it has closed a private investment in public equity financing, raising about $1.3 million. Its shares jumped past 27%.
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Wire
Top Midday Gainers
Accelerant (ARX) agreed to be acquired by Thoma Bravo in an all-cash deal, with an enterprise value of more than $4 billion, it said Thursday.Shares of Accelerant soared 43% amid a surge in intraday trading volume to over 58.3 million from a daily average of about 2.05 million.Sandisk (SNDK) expects revenue growth in the mid-to-high-teens from fiscal 2028 through fiscal 2030, it said Thursday.Shares jumped 16%, with intraday trading volume rising to more than 16.9 million from the stock's daily average of about 13.4 million.CuriosityStream (CURI) said Q2 earnings hit a "record" and raised its full-year guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization.Shares advanced 39% as intraday trading volume catapulted to over 18.1 million from a daily average of roughly 468,000.Price: $19.45, Change: $+5.84, Percent Change: +42.91%
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Sectors
Sector Update: Financial Stocks Advance Thursday Afternoon
Financial stocks were slightly higher in Thursday afternoon trading, with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally higher.The Philadelphia Housing Index added 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) climbed 1.2%.Bitcoin (BTC-USD) was shedding 0.6% to $63,049, and the yield for 10-year US Treasuries was dropping 4.3 basis points to 4.639%.In economic news, the Producer Price Index held steady in July, following a 0.1% decrease in June, versus the 0.2% gain expected in a Bloomberg-compiled survey, amid sliding energy and food prices. Excluding food and energy, core PPI climbed 0.2%, below the 0.3% gain anticipated and a 0.4% increase in June.The probability of the Federal Reserve extending its policy pause to September jumped to 66% on Thursday, from 59% a day ago and 45% a week earlier, according to the CME FedWatch tool.In corporate news, Accelerant (ARX) said Thursday it has agreed to be acquired by Thoma Bravo in an all-cash deal with an enterprise value of over $4 billion. Accelerant shares surged 43%.Coinbase (COIN) has received a financial services permission from the Financial Services Regulatory Authority to establish its international tokenization hub in ADGM, the international financial center of Abu Dhabi, ADGM said Thursday. Coinbase shares were down 0.3%.PSQ Holdings (PSQH) said Thursday it has closed a private investment in public equity financing, raising about $1.3 million. Its shares jumped past 27%.
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Sectors
Sector Update: Financial
Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.The Philadelphia Housing Index added 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) climbed 1.1%.Bitcoin (BTC-USD) was shedding 0.5% to $63,067, and the yield for 10-year US Treasuries was dropping 4.3 basis points to 4.639%.In corporate news, Accelerant (ARX) said Thursday it has agreed to be acquired by Thoma Bravo in an all-cash deal with an enterprise value of over $4 billion. Accelerant shares surged 43%.
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Wire
Top Midday Stories: Accelerant to be Taken Private by Thoma Bravo in $4 Billion Deal; Cisco Shares Fall Despite Strong Earnings, Guidance
The S&P 500 and Nasdaq Composite were up in late-morning trading Thursday, while the Dow Jones Industrial Average was down slightly, as investors parsed the latest inflation data.The US Producer Price Index held steady in July after falling by 0.1% in June, the Bureau of Labor Statistics said Thursday. Analysts expected a 0.2% gain, according to a survey compiled by Bloomberg as of 7:30 a.m. ET. Core PPI, which excludes food and energy prices, rose by 0.2% in July, below the 0.3% gain expected and slower than the 0.4% gain in June.In company news, Accelerant (ARX) has agreed to be acquired and taken private by Thoma Bravo in an all-cash deal with an enterprise value of over $4 billion, the companies said Thursday. Under the deal's terms, Accelerant shareholders will receive $20.25 per share in cash. Shareholders will also receive a ticking fee at a rate of 6% per year if the deal's closing is delayed by certain pending insurance regulatory approvals. After the deal is completed, which is expected in H1 2027, Accelerant shares will no longer trade on the New York Stock Exchange.Separately, Accelerant reported Q2 adjusted earnings Thursday of $0.32 per diluted share, up from $0.13 a year earlier and above the FactSet consensus of $0.17. Second-quarter revenue was $356.9 million, up from $219.1 million a year ago and above the FactSet consensus of $279.2 million. The company said it won't provide Q3 or full-year 2026 guidance due to its pending acquisition by Thoma Bravo. Accelerant shares were up 43.5% near noon.Cisco Systems (CSCO) reported fiscal Q4 adjusted EPS late Wednesday of $1.22, up from $0.99 a year earlier and above the FactSet consensus of $1.17. Fiscal Q4 revenue was $17.25 billion, up from $14.67 billion a year ago and above the FactSet consensus of $16.84 billion. For fiscal Q1, the company expects adjusted EPS of $1.32 to $1.34 on revenue of $18.0 billion to $18.2 billion. Analysts polled by FactSet expect $1.16 and $16.84 billion, respectively. For fiscal 2027, the company expects adjusted EPS of $5.05 to $5.11 on revenue of $72.2 billion to $73.4 billion. Analysts expect $4.83 and $69.12 billion, respectively. Cisco shares were down 8.7%.Cerebras Systems (CBRS) reported a Q2 net loss late Wednesday of $2.98 per diluted share, swinging from earnings of $1.91 a year earlier and compared with a loss of $1.62 expected by the FactSet consensus. Second-quarter revenue was $180.1 million, up from $103.3 million a year ago but below the FactSet consensus of $190.6 million. For Q3, the company expects non-GAAP revenue of about $214 million to $216 million, above the FactSet consensus of $210.2 million. Cerebras expects full-year non-GAAP revenue of $880 million to $890 million, up from its prior guidance of $855 million to $865 million and above the FactSet consensus of $863.4 million. Cerebras shares were down 13.6%.Larsen & Toubro has secured an order worth up to 150 billion Indian rupees ($1.57 billion) to deploy an Nvidia (NVDA) B300 Artificial Intelligence Factory for Together AI at its Chennai data center campus, the company said Thursday. Separately, Nebius Group (NBIS) has signed an agreement with Vantage Data Centers to deploy high-density artificial intelligence infrastructure powered by Nvidia at Vantage's CWL1 data center campus in Wales, the companies said Thursday. Lastly, Anthropic is in talks to acquire Nvidia-backed AI startup Decart AI for about $6 billion, multiple outlets reported Wednesday. Nvidia shares were up 0.1%, while Nebius shares were down 0.7%.Price: $113.22, Change: $-10.66, Percent Change: -8.61%
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Wire
Accelerant to Be Taken Private by Thoma Bravo in $4 Billion Deal; Shares Rise Pre-Bell
Accelerant (ARX) has agreed to be acquired by Thoma Bravo in an all-cash transaction with an enterprise value of more than $4 billion, the company said Thursday.Under the terms of the deal, Accelerant shareholders will receive $20.25 per share in cash. Shareholders will also receive a ticking fee at a rate of 6% per year, if the transaction's closing is delayed by certain pending insurance regulatory approvals.The deal is set to close in H1 2027, subject to customary closing conditions.Accelerant said affiliates of Altamont Capital Partners, which hold about 82% of the company's outstanding voting rights, have agreed to vote their shares in favor of the deal. Altamont intends to retain an equity ownership in the company, together with Thoma Bravo.Upon completion of the deal, Accelerant shares will no longer be traded on the New York Stock Exchange.Shares of Accelerant rose more than 44% in pre-bell activity on Thursday.Price: $19.61, Change: $+6.00, Percent Change: +44.09%
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Insider Trading
Accelerant Holdings Insider Sold Shares Worth $1,390,533, According to a Recent SEC Filing
Jeffrey L Radke, 10% Owner, Director, Co-Founder, Chief Executive Officer, on July 27, 2026, sold 95,223 shares in Accelerant Holdings (ARX) for $1,390,533. Following the Form 4 filing with the SEC, Radke has control over a total of 28,335,542 Class A common shares of the company, with 333,652 shares held directly and 28,001,890 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1997350/000162828026050312/xslF345X05/wk-form4_1785288300.xml
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Insider Trading
Accelerant Holdings Insider Sold Shares Worth $257,206, According to a Recent SEC Filing
Matthew David Sternberg, Chief Operating Officer of Risk Exchange, on July 23, 2026, sold 17,568 shares in Accelerant Holdings (ARX) for $257,206. Following the Form 4 filing with the SEC, Sternberg has control over a total of 596,482 Class A common shares of the company, with 596,482 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1997350/000162828026049906/xslF345X05/wk-form4_1785202688.xml
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Insider Trading
Accelerant Holdings Insider Sold Shares Worth $1,291,823, According to a Recent SEC Filing
Jeffrey L Radke, 10% Owner, Director, Co-Founder, Chief Executive Officer, on July 17, 2026, sold 94,777 shares in Accelerant Holdings (ARX) for $1,291,823. Following the Form 4 filing with the SEC, Radke has control over a total of 28,430,765 Class A common shares of the company, with 333,652 shares held directly and 28,097,113 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1997350/000162828026048906/xslF345X05/wk-form4_1784595119.xml
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Insider Trading
Accelerant Holdings Insider Sold Shares Worth $1,066,224, According to a Recent SEC Filing
Jeffrey L Radke, 10% Owner, Director, Co-Founder, Chief Executive Officer, on July 06, 2026, sold 80,000 shares in Accelerant Holdings (ARX) for $1,066,224. Following the Form 4 filing with the SEC, Radke has control over a total of 28,605,542 Class A common shares of the company, with 333,652 shares held directly and 28,271,890 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1997350/000162828026047575/xslF345X05/wk-form4_1783469540.xml
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Wire
Accelerant Launches ARX Consortium to Boost Partnership With Lloyd's of London
Accelerant Holdings (ARX) said Wednesday it launched the ARX Consortium, backed by seven Lloyd's of London, syndicates, to bolster its partnership with the specialty insurance market.Price: $12.70, Change: $+0.98, Percent Change: +8.36%
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Insider Trading
Accelerant Holdings Insider Sold Shares Worth $1,928,677, According to a Recent SEC Filing
Francis James O'Neill, Co-Founder, Chief Underwriting Officer, on June 25, 2026, sold 147,000 shares in Accelerant Holdings (ARX) for $1,928,677. Following the Form 4 filing with the SEC, O'Neill has control over a total of 7,069,769 Class A common shares of the company, with 166,644 shares held directly and 6,903,125 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1997350/000162828026046119/xslF345X05/wk-form4_1782781962.xml
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Insider Trading
Accelerant Holdings Insider Sold Shares Worth $1,048,608, According to a Recent SEC Filing
Jeffrey L Radke, 10% Owner, Director, Co-Founder, Chief Executive Officer, on June 23, 2026, sold 80,000 shares in Accelerant Holdings (ARX) for $1,048,608. Following the Form 4 filing with the SEC, Radke has control over a total of 28,765,542 Class A common shares of the company, with 333,652 shares held directly and 28,431,890 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1997350/000162828026045640/xslF345X05/wk-form4_1782437040.xml
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Insider Trading
Accelerant Holdings Insider Sold Shares Worth $1,934,011, According to a Recent SEC Filing
Francis James O'Neill, Co-Founder, Chief Underwriting Officer, on June 22, 2026, sold 147,000 shares in Accelerant Holdings (ARX) for $1,934,011. Following the Form 4 filing with the SEC, O'Neill has control over a total of 7,216,769 Class A common shares of the company, with 166,644 shares held directly and 7,050,125 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1997350/000162828026045319/xslF345X05/wk-form4_1782346121.xml
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Research
Research Alert: Arx Maintained Hold Following Shell Acquisition Announcement: Tp Cad33
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain ARX at Hold and increase the target price to CAD33, which is generated from a 5.2x EBITDA multiple applied to our FY 27 EBITDA projection and matches the announced Shell acquisition price. At this time we do not foresee any issues with closing and do not discount the deal price. We adjusted our EPS estimate for FY 26 to CAD3.10 from CAD2.48 and increase FY 27 to CAD2.93 from CAD2.75. Fundamentals in Q1 were strong, with production of 418,522 boe/day, up 12% Y/Y and 16% on a per share basis. FFO increased to CAD967M, or CAD1.70 per share, up 17% per share from Q1 2025, supported by higher volumes and strong natural gas pricing that realized CAD4.51/Mcf.
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Research
Research Alert: Arx Maintained Hold Following Shell Acquisition Announcement: Tp Cad33
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain ARX at Hold and increase the target price to CAD33, which is generated from a 5.2x EBITDA multiple applied to our FY 27 EBITDA projection and matches the announced Shell acquisition price. At this time we do not foresee any issues with closing and do not discount the deal price. We adjusted our EPS estimate for FY 26 to CAD3.10 from CAD2.48 and increase FY 27 to CAD2.93 from CAD2.75. Fundamentals in Q1 were strong, with production of 418,522 boe/day, up 12% Y/Y and 16% on a per share basis. FFO increased to CAD967M, or CAD1.70 per share, up 17% per share from Q1 2025, supported by higher volumes and strong natural gas pricing that realized CAD4.51/Mcf.
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Research
Research Alert: Arx: Record Q1 Production As Shell Announces Cad22 Billion Acquisition
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ARC Resources (ARX) delivered record Q1 production of 418,522 boe/day, up 12% Y/Y, with funds from operations of CAD967M (CAD1.70/share, +17% per share) and free funds flow of CAD459M (CAD0.81/share, +19% per share Y/Y). Strong natural gas pricing of CAD4.51/Mcf and higher volumes led to the outperformance, while the company returned CAD256M to shareholders (56% of free funds flow) through dividends and share repurchases. On April 27, ARX announced a CAD22B acquisition by Shell at CAD32.80/share, representing a 27% premium and validating the company's operational excellence. Management maintained 2026 guidance of 405,000-420,000 boe/day production and CAD1.8B-CAD1.9B in capital spending, though Q2 will see planned turnaround impacts. The quarter demonstrates why Shell pursued this strategic acquisition, as ARX achieved double-digit production growth and strong gas pricing realization. We expect shares to trade near the CAD32.80 offer price barring any closing complexities.
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Research
Research Alert: Arc Resources To Be Acquired By Shell For Cad22b, Growing Lng Canada Synergies
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Shell plc (SHELL LN GBP33 ***) agreed to acquire ARC Resources Ltd. in a CAD22B cash-and-stock transaction at CAD32.80 per share, a 27% premium to ARC's April 26 closing price. ARC shareholders will receive 0.40247 Shell shares plus CAD8.20 cash per share, with the deal unanimously recommended by ARC's board. The acquisition strategically strengthens Shell's integrated gas business by adding high-quality Montney reserves and creating synergies with Shell's existing 40% stake in LNG Canada to accelerate export value. The transaction requires 66.67% shareholder approval at a July 2026 meeting and regulatory clearances, with closing expected in H2 2026. We believe the deal establishes a scaled Canadian growth platform with decades of resource runway while bringing deep Montney technical expertise to Shell's global organization. ARC's status as a top-quartile low carbon intensity producer aligns with Shell's "more value, less emissions" strategy. ARX trades flat year-to-date and down about 4% over 12 months.
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