Arch Capital Group Ltd (NASDAQ: ACGL) is 24.13% higher on its value in year-to-date trading and has touched a low of $68.31 and a high of $95.01 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 $91.22 in the last trading session, with the day’s gains setting it 0.97%.
Currently trading at $92.19, the stock is 0.49% and 4.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 1.06% at the moment leaves the stock 13.18% off its SMA200. ACGL registered 34.29% gain for a year compared to 6-month gain of 12.33%. The firm has a 50-day simple moving average (SMA 50) of $2.81.
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The stock witnessed a 2.08% loss in the last 1 month and extending the period to 3 months gives it a 21.06%, and is -0.04% 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 2.62% over the week and 1.63% over the month.
Arch Capital Group Ltd (ACGL) has around 6400 employees, a market worth around $34.49B and $13.36B in sales. Current P/E ratio is 7.94 and Fwd P/E is 10.80. Profit margin for the company is 32.97%. Distance from 52-week low is 34.96% and -2.97% from its 52-week high. The company has generated returns on investments over the last 12 months (20.73%).
Arch Capital Group Ltd quarterly earnings per share for the current quarter are estimated at $2.08 with sales reaching $3.82B over the same period.The EPS is expected to shrink by -5.05% this year, but quarterly earnings will post 15.10% year-over-year. Quarterly sales are estimated to grow 11.50% in year-over-year returns.
1,107 institutions hold shares in Arch Capital Group Ltd (ACGL), with institutional investors hold 91.48% of the company’s shares. The shares outstanding are 373.40M, and float is at 362.01M with Short Float at 0.97%. Institutions hold 88.73% 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
The most recent transaction is an insider sale by Papadopoulo Nicolas, the company’s OFFICER OF SUBSIDIARY. SEC filings show that Papadopoulo Nicolas sold 60,000 shares of the company’s common stock on Mar 07 ’24 at a price of $87.52 per share for a total of $5.25 million. Following the sale, the insider now owns 0.65 million shares.
Arch Capital Group Ltd disclosed in a document filed with the SEC on Mar 07 ’24 that Morin Francois (EVP AND CFO) sold a total of 25,689 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $87.47 per share for $2.25 million. Following the transaction, the insider now directly holds 0.22 million shares of the ACGL stock.
Still, SEC filings show that on Mar 05 ’24, Rajeh Maamoun (CHAIRMAN & CEO ARCH RE GROUP) disposed off 50,000 shares at an average price of $87.48 for $4.37 million. The insider now directly holds 336,170 shares of Arch Capital Group Ltd (ACGL).
