Accelerant (ARX)
Connects specialist underwriters with risk-capital partners through a data-driven insurance exchange.
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Connects specialist underwriters, called Members, with risk-capital partners through a data-driven specialty-insurance exchange. Its platform shares and validates data to support monitoring across a network that expanded beyond Europe.
Specialist underwriters, known as Members, access risk capacity through a data-driven exchange that connects them with risk-capital partners. The company began with a technology-enabled capacity solution for MGAs in Europe and expanded into the United States, Canada and Australia.
Exchange services ingest, validate and transform data for automated monitoring and real-time insights. Mission and Reserv are part of the platform, while Flywheel Re serves as a reinsurance sidecar.
Sharing high-fidelity data is central to reducing information asymmetries between participants. The exchange depends on aligned incentives among its specialist underwriters and risk-capital partners.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 17, 2026 | Raymond James | Downgrade | ||
| Aug 14, 2026 | RBC Capital | Downgrade | Target: $18 | Target: $20.25 |
| Aug 14, 2026 | Citizens | Downgrade | ||
| Aug 13, 2026 | Citigroup | Downgrade | ||
| Aug 13, 2026 | Piper Sandler | Downgrade | Target: $19 | Target: $20.25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.74B · Total debt $120.1M · Total assets $8.94B · Shareholders' equity $717.4M
- Revenue
- $356.9M
- Operating income
- $59.3M
- Net income
- $78.7M
No dividends on record.
| Institutions | ≈ 29.74% | 64.59M shares | |
|---|---|---|---|
| 121 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 78.29% | 170.05M shares | |
| 15 holders · as of Aug 25, 2026 | |||
| Adds to | 108.03% | ||
217.19M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 108.03%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Keoni Andrew SchwartzInsiderdirector, 10 percent owner | 46.78% | 90.33M B · 11.27M A | filed Jul 29, 2025 |
ACP Accelerant Holdings, L.P.Institution | 39.59% | 85.98M | filed Nov 14, 2025 |
Jeffrey L. Radke1Insiderdirector, 10 percent owner, officer: Co-Founder, CEO | 16.78% | 36.75M A | filed Aug 11, 2026 |
Christopher Lee-Smith2Insiderdirector, officer: Co-Founder, Head of Distrib. | 9.45% | 20.39M A | filed Mar 20, 2026 |
Francis James ONeill3Insiderofficer: Co-Founder, Chief U/W Officer | 3.42% | 8.08M A | filed Aug 12, 2026 |
- Jeffrey L. Radke's transaction reports restate only vehicles that traded; the 2025 ownership statement (36.75M) less the 295.7K net shares sold since is used instead.
- Christopher Lee-Smith's transaction reports restate only vehicles that traded; the 2025 ownership statement (20.39M) plus the 143.3K net shares acquired since is used instead.
- Francis James ONeill's own ownership statement (13G, Nov 14, 2025) less the 661.2K net shares sold since reports fewer shares than the transaction reports; the statement is used.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Karen Sue Meriwether | director | −542 | $19.62 |
| Aug 13, 2026 | Nancy Hasley | director | −20,489 | $19.56 |
| Aug 11, 2026 | Francis James ONeill | officer: Co-Founder, Chief U/W Officer | −89,219 | $12.41 |
| Aug 10, 2026 | Francis James ONeill | officer: Co-Founder, Chief U/W Officer | −63,616 | $12.07 |
| Aug 10, 2026 | Jeffrey L. Radke | director, 10 percent owner, officer: Co-Founder, CEO | −80,000 | $12.09 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Accelerant | $19.76 | −0.10% | $4.32B | — | 22.9 | 4.2 | +62.9% |
| Markel Group | $1,759.06 | −0.88% | $21.99B | 9.8 | 15.3 | 1.3 | +17.6% |
| Skyward Specialty | $55.78 | −0.92% | $2.28B | 13.1 | 10.8 | 1.4 | +130.9% |
| Ryan Specialty | $37.79 | −5.67% | $5.19B | 51.5 | 16.6 | 1.6 | +7.2% |
| Kinsale Capital Group | $354.12 | −1.14% | $8.16B | 14.5 | 16.9 | 4.1 | −3.7% |
| Median | 13.8 | 15.9 | 1.5 | +12.4% |