A share price of Arch Capital Group Ltd [ACGL] is currently trading at $113.09, up 0.25%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACGL shares have gain 3.73% over the last week, with a monthly amount glided 16.47%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Arch Capital Group Ltd [NASDAQ: ACGL] stock has seen the most recent analyst activity on August 23, 2024, when ROTH MKM reiterated its Buy rating and also boosted its price target to $125 from $110. Previously, TD Cowen started tracking the stock with Outperform rating on January 10, 2024, and set its price target to $96. On December 14, 2023, Evercore ISI initiated with a In-line rating and assigned a price target of $88 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $91 on November 22, 2023. Deutsche Bank initiated its recommendation with a Buy and recommended $81 as its price target on October 05, 2023. Goldman started tracking with a Neutral rating for this stock on September 08, 2023, and assigned it a price target of $80. In a note dated June 20, 2023, Morgan Stanley initiated an Overweight rating and provided a target price of $92 on this stock.
Arch Capital Group Ltd experienced fluctuations in its stock price throughout the past year between $72.85 and $112.97. Currently, Wall Street analysts expect the stock to reach $89.33 within the next 12 months. Arch Capital Group Ltd [NASDAQ: ACGL] shares were valued at $113.09 at the most recent close of the market. An investor can expect a potential drop of -21.01% based on the average ACGL price forecast.
Analyzing the ACGL fundamentals
Trailing Twelve Months sales for Arch Capital Group Ltd [NASDAQ:ACGL] were 15.05B which represents 31.33% growth. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.3 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 112.28 points at the first support level, and at 111.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.78, and for the 2nd resistance point, it is at 114.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Arch Capital Group Ltd [NASDAQ:ACGL] is 0.59. Considering the valuation of this stock, the price to sales ratio is 2.83, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 7.96.
Transactions by insiders
Recent insider trading involved Morin Francois, EVP AND CFO, that happened on Aug 16 ’24 when 11460.0 shares were sold. Officer, Morin Francois completed a deal on Aug 16 ’24 to buy 11460.0 shares. Meanwhile, CEO, GLOBAL MORTGAGE GROUP Gansberg David sold 10000.0 shares on May 06 ’24.
