Arch Capital Group Ltd. (NASDAQ:ACGL) currently has a daily average trading volume of 2.04M but it saw 3699607 shares traded on Thursday. With a market cap of 25.18B USD, stock’s current market price of $66.07 came rising about 5.31 while comparing to the previous closing price of $62.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $72.28 and as low as $41.05. In the recent trading on the day, stock has struck highest price mark of $66.70 while lowest mark touched by it was $62.10.
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Taking a look at 20-day trading activity of Arch Capital Group Ltd. (ACGL) gives us an average price of $68.48, while its current price level is -8.59% below from 52-week high level whereas it is 60.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $65.63 while that of 200 days or SMA-200 reads an average of $53.73. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.20% during that period while stretching the period over a month that decreases to 2.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.06 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BMO Capital Markets which initiated the stock as “Market Perform” in its note to investors issued on January 20, 2023, recommending a price target of $65 for it. Jefferies also issued its recommendations for the stock as it initiated the price target for the stock is $50.
Over the week, ACGL’s stock price is moving -3.38% down while it is -0.32% when we observe its performance for the past one month. Year-to-date it is 5.24% up and over the past year, the stock is showing an upside performance of 41.15%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.28 beat the consensus estimate of $0.17 for the same. The company is expected to be releasing its next quarterly report in 05/02/2023, for which analysts forecasted an EPS of $1.34 while estimate for next year EPS is $4.06. For ACGL, analysts are forecasting an EPS-growth rate of 13.40% for current year and estimate for EPS growth in next year is 37.70%. In next quarter, company is expected to be making quarterly sales of $2.93 billion as analysts are expecting the sales for current fiscal year at $10.24 billion and seeing the company making $11.55 billion in sales next year. Moreover, analysts are in estimates of $2.39 billion for current-quarter revenue.
Currently, Arch Capital Group Ltd.’s total number of outstanding shares is 365.87M with 3.08% of that held by the insiders while 90.64% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 8.90% and return on equity (ROE) at 12.30%. It has a price to earnings ratio (P/E ratio) of 17.35 while having a 9.83 of forward P/E ratio. Stock’s beta reads 0.74. Stock has a price to book (P/B) ratio of 2.00 while price to sale or P/S ratio amounts to 2.65. Its return on asset (ROA) is 3.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Artisan International Value Fund came shrinking its share ownership by 2.19% in the Arch Capital Group Ltd. (ACGL) increasing its stake to 6.24% with control over 0.49 million shares in the company. As per SEC documents, Artisan International Value Fund sought 23,072,732 of company’s common stock of worth $1.62 billion as per recent closing price of the stock. Artisan International Value Fund is not the only institutional holder which restructured its stake in Arch Capital Group Ltd., as Vanguard Total Stock Market Index picked 10,768,525 shares of worth $753.8 million to bring its holdings to a total of 87312.0 shares. In the most recent quarter, Baron Growth Fund came cutting its stake by -0.49% in the company and now holds 9.06 million or 2.45% of the company’s stake having worth of about 634.2 million.
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