Arch Capital Group Ltd (ACGL) Analysis & Forecast for 2024

Arch Capital Group Ltd (NASDAQ: ACGL) is 11.89% higher on its value in year-to-date trading and has touched a low of $62.10 and a high of $90.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACGL stock was last observed hovering at around $83.46 in the last trading session, with the day’s loss setting it -0.36%.

Currently trading at $83.10, the stock is 2.56% and 5.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -0.43% at the moment leaves the stock 6.25% off its SMA200. ACGL registered 29.64% gain for a year compared to 6-month gain of 8.49%. The firm has a 50-day simple moving average (SMA 50) of $2.74.

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The stock witnessed a 7.06% loss in the last 1 month and extending the period to 3 months gives it a -1.85%, and is -0.67% down 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 2.13% over the week and 1.67% over the month.

Current P/E ratio is 10.63 and Fwd P/E is 10.70. Profit margin for the company is 23.40%. Distance from 52-week low is 33.82% and -8.33% from its 52-week high. The company has generated returns on investments over the last 12 months (16.30%).

Arch Capital Group Ltd quarterly earnings per share for the current quarter are estimated at $2.02 with sales reaching $3.19B over the same period.The EPS is expected to grow by 64.34% this year, but quarterly earnings will post 39.50% year-over-year. Quarterly sales are estimated to grow 5.00% in year-over-year returns.

Arch Capital Group Ltd (ACGL) Top Institutional Holders

1,055 institutions hold shares in Arch Capital Group Ltd (ACGL), with institutional investors hold 93.55% of the company’s shares. The shares outstanding are 370.35M, and float is at 361.69M with Short Float at 0.87%. Institutions hold 90.59% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 40.95 million shares valued at $3.07 billion. The investor’s holdings represent 10.98% of the ACGL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 26.52 million shares valued at $1.99 billion to account for 7.11% of the shares outstanding. The other top investors are Artisan Partners Limited Partnership which holds 25.96 million shares representing 6.96% and valued at over $1.94 billion, while BAMCO Inc. holds 5.71% of the shares totaling 21.3 million with a market value of $1.59 billion.

Arch Capital Group Ltd (ACGL) Insider Activity

A total of 10 insider transactions have happened at Arch Capital Group Ltd (ACGL) in the last six months, with sales accounting for 7 and purchases happening 3 times. The most recent transaction is an insider sale by Papadopoulo Nicolas,the company’sOFFICER OF SUBSIDIARY. SEC filings show that Papadopoulo Nicolas sold 60,000 shares of the company’s common stock on Nov 22 at a price of $85.80 per share for a total of $5.15 million. Following the sale, the insider now owns 0.63 million shares.

Arch Capital Group Ltd disclosed in a document filed with the SEC on Nov 06 that GRANDISSON MARC (CEO) sold a total of 103,028 shares of the company’s common stock. The trade occurred on Nov 06 and was made at $85.01 per share for $8.76 million. Following the transaction, the insider now directly holds 1.94 million shares of the ACGL stock.

Still, SEC filings show that on Nov 03, GRANDISSON MARC (CEO) disposed off 246,972 shares at an average price of $85.62 for $21.15 million. The insider now directly holds 2,040,185 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 Group Ltd. (EG) that is trading -5.52% down over the past 12 months. AXIS Capital Holdings Ltd. (AXS) that is -4.46% lower over the same period.