Arch Capital Group Ltd (NASDAQ: ACGL) is 42.26% higher on its value in year-to-date trading and has touched a low of $72.85 and a high of $116.47 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 $105.30 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $105.66, the stock is -3.89% and -4.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 0.34% at the moment leaves the stock 8.24% off its SMA200. ACGL registered 28.15% gain for a year compared to 6-month gain of 15.79%. The firm has a 50-day simple moving average (SMA 50) of $110.5964 and a 200-day simple moving average (SMA200) of $97.6186.
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The stock witnessed a -6.83% loss in the last 1 month and extending the period to 3 months gives it a 7.60%, and is -2.62% 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 1.53% over the week and 2.36% over the month.
Arch Capital Group Ltd (ACGL) has around 6400 employees, a market worth around $39.73B and $15.05B in sales. Current P/E ratio is 7.43 and Fwd P/E is 11.68. Profit margin for the company is 35.93%. Distance from 52-week low is 45.04% and -9.28% from its 52-week high. The company has generated returns on investments over the last 12 months (23.11%).
with sales reaching $3.9B over the same period.The EPS is expected to grow by 6.57% this year, but quarterly earnings will post 19.10% year-over-year. Quarterly sales are estimated to grow 23.90% in year-over-year returns.
Arch Capital Group Ltd (ACGL) Top Institutional Holders
1178.0 institutions hold shares in Arch Capital Group Ltd (ACGL), with institutional investors hold 92.23% of the company’s shares. The shares outstanding are 373.40M, and float is at 363.32M with Short Float at 1.46%. Institutions hold 89.47% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 41.44 million shares valued at $4.18 billion. The investor’s holdings represent 11.1722% of the ACGL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 32.18 million shares valued at $3.25 billion to account for 8.6762 of the shares outstanding. The other top investors are ARTISAN PARTNERS LIMITED PARTNERSHIP which holds 24.32 million shares representing 6.5567% and valued at over $2.45 billion, while BAMCO INC /NY/ holds 5.6404 of the shares totaling 20.92 million with a market value of $2.11 billion.
Arch Capital Group Ltd (ACGL) Insider Activity
The most recent transaction is an insider sale by Morin Francois, the company’s EVP AND CFO. SEC filings show that Morin Francois sold 11,460 shares of the company’s common stock on Aug 16 ’24 at a price of $102.46 per share for a total of $1.17 million. Following the sale, the insider now owns 0.22 million shares.
Still, SEC filings show that on May 06 ’24, Gansberg David (CEO, GLOBAL MORTGAGE GROUP) disposed off 10,000 shares at an average price of $96.64 for $0.97 million. The insider now directly holds 228,035 shares of Arch Capital Group Ltd (ACGL).
