Published on 18 Apr 2024 on Insider Monkey via Yahoo Finance
Arch Capital Group Ltd. (ACGL) Benefitted From Attractive Market Conditions
Madison Investments, an investment advisor, released its “Madison Investors Fund” first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund (Class Y) returned 9.63% compared to a 10.56% return for the S&P 500 index. The business remains dedicated to its more than two-decades-old strategy of investing in long-term, competitively advantaged, expanding firms at acceptable valuations, even if market performance has been robust over the past year and valuations have generally returned to earlier highs. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Madison Investors Fund featured stocks like AArch Capital Group Ltd. (NASDAQ:ACGL) in the Q1 2024 investor letter. Headquartered in Pembroke, Bermuda, Arch Capital Group Ltd. (NASDAQ:ACGL) offers insurance, reinsurance, and mortgage insurance products. On April 17, 2024, Arch Capital Group Ltd. (NASDAQ:ACGL) stock closed at $90.63 per share. One-month return of Arch Capital Group Ltd. (NASDAQ:ACGL) was -0.07%, and its shares gained 25.54% of their value over the last 52 weeks. Arch Capital Group Ltd. (NASDAQ:ACGL) has a market capitalization of $33.999 billion.