High Ground Invests Further in Arch Capital Group Ltd. (ACGL)

Arch Capital Group Ltd. (NASDAQ:ACGL) is among the best low-risk stocks to buy now. During the second quarter, High Ground Investment Management LLP expanded its holdings in the shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.9%, according to the disclosure with the SEC. Following the acquisition of 329,968 shares, the institutional advisor now owns 1,656,517 shares of the company’s stock, valued at approximately $150,826,000.

Although the shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have performed somewhat poorly over the past year, what lies ahead looks quite different. In its latest earnings call, management highlighted its focus on managing growth in selective areas where pricing is strong, particularly in Florida.

Is Arch Capital Group Ltd. (ACGL) the Best Insurance Stock for the Long Term?

The company’s business model is quite interesting. Arch Capital Group Ltd. (NASDAQ:ACGL) spans diverse niches within both insurance and reinsurance, positioning it well to shift capital wherever the returns are higher. Rather than chasing growth, the company is maximizing profitability, which reflects its emphasis on shareholder value.

Arch Capital Group Ltd. (NASDAQ:ACGL), headquartered in Pembroke, Bermuda, is a company that offers insurance, reinsurance, and mortgage insurance products. Founded in 1995, the company is dedicated to sustainable financial growth.

While we acknowledge the potential of ACGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACGL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.