Arch Capital Group Ltd (NASDAQ: ACGL) is 30.82% higher on its value in year-to-date trading and has touched a low of $72.85 and a high of $103.79 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 $96.50 in the last trading session, with the day’s gains setting it 0.66%.
Currently trading at $97.16, the stock is -2.39% and -2.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 0.68% at the moment leaves the stock 10.16% off its SMA200. ACGL registered 26.38% gain for a year compared to 6-month gain of 25.17%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -2.02% loss in the last 1 month and extending the period to 3 months gives it a 7.98%, and is -1.12% 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 1.45% over the week and 1.79% over the month.
Arch Capital Group Ltd (ACGL) has around 6400 employees, a market worth around $36.48B and $14.08B in sales. Current P/E ratio is 7.67 and Fwd P/E is 10.98. Profit margin for the company is 34.15%. Distance from 52-week low is 33.37% and -6.39% from its 52-week high. The company has generated returns on investments over the last 12 months (21.77%).
The EPS is expected to grow by 1.39% this year.
Arch Capital Group Ltd (ACGL) Top Institutional Holders
The shares outstanding are 373.40M, and float is at 362.68M with Short Float at 1.45%.
Arch Capital Group Ltd (ACGL) Insider Activity
The most recent transaction is an insider sale by Gansberg David,the company’sCEO, GLOBAL MORTGAGE GROUP. SEC filings show that Gansberg David sold 10,000 shares of the company’s common stock on May 06 ’24 at a price of $96.64 per share for a total of $0.97 million. Following the sale, the insider now owns 0.23 million shares.
Arch Capital Group Ltd disclosed in a document filed with the SEC on Mar 07 ’24 that Papadopoulo Nicolas (OFFICER OF SUBSIDIARY) sold a total of 60,000 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $87.52 per share for $5.25 million. Following the transaction, the insider now directly holds 0.65 million shares of the ACGL stock.
Still, SEC filings show that on Mar 07 ’24, Morin Francois (EVP AND CFO) disposed off 25,689 shares at an average price of $87.47 for $2.25 million. The insider now directly holds 221,779 shares of Arch Capital Group Ltd (ACGL).
