New Vernon Investment Management's Q3 vs. Q4 2022 Holdings: A Look at the Key Takeaways

As the stock market continues to fluctuate, investors are always looking for the latest changes in holdings of their favorite funds. New Vernon Investment Management LLC recently released their Q3 2022 vs. Q4 2022 13F Holdings Comparison, which details the changes in their holdings between the two quarters. Let's take a look at some of the key takeaways from this report.

One of the most notable changes in holdings was a 126.3% increase in shares of American International Group Inc (AIG). In Q3 2022, New Vernon Investment Management held 68,983 shares of AIG with a value of $3,275,000. However, in Q4 2022, they upped their holdings to 117,197 shares with a value of $7,411,000. This suggests that New Vernon Investment Management is bullish on AIG and believes that the stock has room to grow.

Another company that saw a significant increase in holdings was Arch Cap Group Ltd (ACGL). Although New Vernon Investment Management did not change their number of shares between Q3 and Q4 2022, the value of their holdings increased from $5,092,000 to $7,019,000, a rise of 37.9%.

Everest Re Group Ltd (RE) also experienced an increase in value, rising from $4,596,000 to $5,801,000, a 26.2% jump. Similarly, the Travelers Companies Inc (TRV) saw an increase in value from $3,919,000 to $4,796,000, or 22.4%.

Some companies remained constant in their holdings, such as Arthur J Gallagher & Co (AJG), Chubb Limited (CB), and Hartford Finl Svcs Group Inc (HIG). However, the value of their holdings increased by 10.1%, 21.3%, and 22.4%, respectively, indicating that New Vernon Investment Management's confidence in these companies also grew.

One company that saw a significant increase in shares but no change in value was MetLife Inc (MET). In Q3 2022, New Vernon Investment Management had no shares of the company, but in Q4 2022, they acquired 57,672 shares. While the value of these shares is currently $4,173,000, it will be interesting to see how this investment plays out in the future.

On the other hand, several companies experienced a decrease in value between Q3 and Q4 2022. For example, Blackstone Inc (BX) saw a decrease in value of 11.4%, and CVS Health Corp (CVS) saw a decrease of 2.3%. Interestingly, Alphabet Inc (GOOG) had a decrease in value of 7.7% despite having no change in shares. It's possible that New Vernon Investment Management is predicting a temporary setback for these companies, although only time will tell if this is the case.

Finally, one company that showed a particularly concerning decrease was Ryan Specialty Holdings Inc (RYAN). In Q3 2022, New Vernon Investment Management held 32,000 shares of RYAN with a value of $1,300,000. However, they sold all of their shares in Q4 2022, resulting in a 100% decrease in holdings. It's unclear why New Vernon Investment Management decided to sell all of their shares in RYAN, but it's possible that the company is no longer meeting their investment criteria.

Overall, the Q3 2022 vs. Q4 2022 13F Holdings Comparison from New Vernon Investment Management LLC shows that the company is confident in the growth potential of several companies, such as AIG and ACGL. While some companies experienced a temporary setback, such as BX and CVS, New Vernon Investment Management appears to be maintaining their confidence in these companies. However, the decision to sell all shares in RYAN is worth noting and may indicate a shift in investment strategy for New Vernon Investment Management in the future.