Arch Capital Group Ltd. (NASDAQ: ACGL) is -2.52% lower on its value in year-to-date trading and has touched a low of $20.93 and a high of $48.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACGL stock was last observed hovering at around $35.09 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $43.00 for the next 12 months. It is also 28.24% off the consensus price target high of $49.00 offered by 12 analysts, but current levels are 7.47% higher than the price target low of $38.00 for the same period.
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Currently trading at $35.16, the stock is 4.22% and 1.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.55 million and changing 0.20% at the moment leaves the stock 11.57% off its SMA200. ACGL registered -25.38% loss for a year compared to 6-month gain of 11.97%. The firm has a 50-day simple moving average (SMA 50) of $34.40 and a 200-day simple moving average (SMA200) of $32.69.
The stock witnessed a 2.30% loss in the last 1 month and extending the period to 3 months gives it a 0.77%, and is 0.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.28% over the week and 2.89% over the month.
Arch Capital Group Ltd. (ACGL) has around 4300 employees, a market worth around $14.21B and $8.38B in sales. Current P/E ratio is 10.56 and Fwd P/E is 9.62. Profit margin for the company is 13.40%. Distance from 52-week low is 67.99% and -27.05% from its 52-week high. The company has generated returns on investments over the last 12 months (13.10%).
Arch Capital Group Ltd. (ACGL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Arch Capital Group Ltd. (ACGL) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.10, where 3 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Arch Capital Group Ltd. is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.74 with sales reaching $2.25B over the same period.The EPS is expected to grow by 124.20% this year, but quarterly earnings will post 14.40% year-over-year. Quarterly sales are estimated to grow 15.40% in year-over-year returns.
Arch Capital Group Ltd. (ACGL) Top Institutional Holders
566 institutions hold shares in Arch Capital Group Ltd. (ACGL), with 11.87M shares held by insiders accounting for 2.93% while institutional investors hold 92.43% of the company’s shares. The shares outstanding are 402.85M, and float is at 393.45M with Short Float at 0.90%. Institutions hold 89.72% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 34.59 million shares valued at $1.01 billion. The investor’s holdings represent 8.52% of the ACGL Shares outstanding. As of Dec 30, 2020, the second largest holder is Artisan Partners Limited Partnership with 31.55 million shares valued at $1.14 billion to account for 7.77% of the shares outstanding. The other top investors are BAMCO Inc. which holds 21.26 million shares representing 5.23% and valued at over $621.72 million, while Blackrock Inc. holds 4.87% of the shares totaling 19.78 million with a market value of $713.37 million.
Arch Capital Group Ltd. (ACGL) Insider Activity
A total of 1 insider transactions have happened at Arch Capital Group Ltd. (ACGL) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider purchase by GRANDISSON MARC, the company’s President & CEO. SEC filings show that GRANDISSON MARC bought 23,500 shares of the company’s common stock on May 18 at a price of $24.50 per share for a total of $0.58 million. Following the purchase, the insider now owns 1.9 million shares.
Arch Capital Group Ltd. disclosed in a document filed with the SEC on May 14 that Hutchings W Preston (SVP & Chief Investment Officer) sold a total of 100,000 shares of the company’s common stock. The trade occurred on May 14 and was made at $21.20 per share for $2.12 million. Following the transaction, the insider now directly holds 0.38 million shares of the ACGL stock.
Still, SEC filings show that on May 13, Posner Brian S (Director) acquired 1,000 shares at an average price of $22.16 for $22159.0. The insider now directly holds 103,801 shares of Arch Capital Group Ltd. (ACGL).
Arch Capital Group Ltd. (ACGL): Who are the competitors?
The company’s main competitors (and peers) include Everest Re Group Ltd. (RE) that is trading -16.57% down over the past 12 months. W. R. Berkley Corporation (WRB) is -13.30% down on the 1-year trading charts. Short interest in the company’s stock has fallen -19.55% from the last report on Dec 30, 2020 to stand at a total of 4.22 million short shares sold with a short interest ratio of 1.3.