Raymond James Keeps Their Buy Rating on Accelerant Holdings Class A (ARX)

In a report released today, Gregory Peters from Raymond James reiterated a Buy rating on Accelerant Holdings Class A, with a price target of $33.00. The company’s shares closed yesterday at $21.57.

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According to TipRanks, Peters is a 5-star analyst with an average return of 10.9% and a 69.28% success rate. Peters covers the Financial sector, focusing on stocks such as Progressive, Brown & Brown, and Marsh & Mclennan Companies.

In addition to Raymond James, Accelerant Holdings Class A also received a Buy from TD Cowen’s Andrew Kligerman in a report issued today. However, on the same day, Wells Fargo maintained a Hold rating on Accelerant Holdings Class A (NYSE: ARX).

The company has a one-year high of $31.18 and a one-year low of $20.59. Currently, Accelerant Holdings Class A has an average volume of 2.25M.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARX in relation to earlier this year.