A share price of Arch Capital Group Ltd [ACGL] is currently trading at $94.55, down -0.37%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ACGL shares have gain 2.43% over the last week, with a monthly amount glided 7.82%, and seem to be holding up well over a long-time horizon.
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On 5, April 2024, Arch Insurance North America to Acquire Allianz’s U.S. MidCorp and Entertainment Insurance Businesses. In a post published today on Yahoo Finance, The transaction will enable further expansion into the middle-market property and casualty segment.
From an analyst’s perspective:
Arch Capital Group Ltd [NASDAQ: ACGL] stock has seen the most recent analyst activity on January 10, 2024, when TD Cowen initiated its Outperform rating and assigned the stock a price target of $96. Previously, Evercore ISI started tracking the stock with In-line rating on December 14, 2023, and set its price target to $88. On November 22, 2023, Citigroup initiated with a Neutral rating and assigned a price target of $91 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $81 on October 05, 2023. Goldman initiated its recommendation with a Neutral and recommended $80 as its price target on September 08, 2023. Morgan Stanley started tracking with a Overweight rating for this stock on June 20, 2023, and assigned it a price target of $92. In a note dated January 20, 2023, BMO Capital Markets initiated an Market Perform rating and provided a target price of $65 on this stock.
Arch Capital Group Ltd experienced fluctuations in its stock price throughout the past year between $68.31 and $95.01. Currently, Wall Street analysts expect the stock to reach $54.75 within the next 12 months. Arch Capital Group Ltd [NASDAQ: ACGL] shares were valued at $94.55 at the most recent close of the market. An investor can expect a potential drop of -42.09% based on the average ACGL price forecast.
Analyzing the ACGL fundamentals
Trailing Twelve Months sales for Arch Capital Group Ltd [NASDAQ:ACGL] were 13.36B which represents 27.76% growth. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.29 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 93.86 points at the first support level, and at 93.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.11, and for the 2nd resistance point, it is at 95.66.
Arch Capital Group Ltd [ACGL] reported earnings per share of $2.49 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.03/share, meaning a difference of $0.46 and a surprise factor of 22.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.31 per share as compared to estimates of $1.61 per share, a difference of $0.7 representing a surprise of 43.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Arch Capital Group Ltd [NASDAQ:ACGL] is 0.54. Considering the valuation of this stock, the price to sales ratio is 2.65, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 8.14.
Transactions by insiders
Recent insider trading involved Papadopoulo Nicolas, OFFICER OF SUBSIDIARY, that happened on Mar 07 ’24 when 60000.0 shares were sold. EVP AND CFO, Morin Francois completed a deal on Mar 07 ’24 to sell 25689.0 shares. Meanwhile, CHAIRMAN & CEO ARCH RE GROUP Rajeh Maamoun sold 50000.0 shares on Mar 05 ’24.
